138 Chatham Street, Kingston
Excellent investment opportunity in the heart of Kingston, approximately a 15-minute walk from Queen's University and close to major bus routes. Located just north of Princess Street, this detached 6-bedroom duplex is a strong addition to any investment portfolio. The main unit offers 5 bedrooms across two levels, 2 full bathrooms, a spacious living room, and a large eat-in kitchen with updated flooring. A major bonus is the additional bachelor apartment, providing an extra income stream. Both units are separately metered and share access to on-site laundry. 2 parking spots are available to rent for additional income too. Generating $66,000 in gross annual income, this property offers an impressive cap rate of over 7.5%. Major updates include a roof replacement in 2023 and vinyl windows throughout. A proven income generator with strong rental demand, the property is currently leased until April 30th, 2027. The bachelor apartment is currently rented below market value, presenting excellent future upside potential. (id:1945)
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Property details for 138 Chatham Street, Kingston
- Type
- Multi-family
- Bedrooms
- 6
- Bathrooms
- 3
- Lot Size
- 51 x 70.3 FT
- Stories
- 2
- Basement
- Unfinished, Full
- Parking
- No Garage
- Heating
- Forced air, Natural gas
- Cooling
- None
- Exterior
- Vinyl siding
- Annual Taxes
- $4,935
Nearby Listings Stat
Estimated price and comparable properties near 138 Chatham Street
Active Listings
2
Min Price
$749,900
Max Price
$775,000
Avg Price
$762,450
Days on Market
38
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Neighbourhood Census Data
Kingston, Ontario
Population
400
Median Age
26.6
Median Income
$18,795
Dwelling Value
$244,990
Housing Tenure
Owners 18%
Renters 80%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 1.9
Pop. Density: 3,968.3/km²
Avg Shelter Cost: $855/mo
Owners with Mortgage: 50%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 59.4%
English only: 82.5%
French only: 1.3%
English and French: 16.3%
Median Household Income: $34,048
Median Employment Income: $12,960
Price History
Listed
August 15, 2026
by ONE PERCENT REALTY LTD.
Current Price
$775,000
Type
Multi-family
For Sale
