Property Information:
Located just a short walk from Queens University downtown Kingston, 135 Nelson Street presents a prime opportunity to own a fully leased, turnkey student rental in one of Kingston's most sought-after investment areas. This five-bedroom, one-and-a-half-bath home is currently rented at $850 per room, with all tenants in place until April 2026 and an option to renew. The property has been a consistently strong-performing investment and has undergone a full facelift since purchase, including a rebuilt back deck, new front wooden steps, a fresh cement walkway, and an attic insulation top-up for improved efficiency. The home feels bright and airy, and has been a pleasure to lease out. The natural gas furnace was serviced last fall, and the roof was replaced in 2019. Another standout feature is the huge backyard - rare for the area - offering extra space for outdoor enjoyment or potential future use. The home also includes three parking spots, on-site laundry in the basement, and comes fully furnished, including a recently updated fridge and stove. With reliable second-year student tenants, strong rental income, and minimal upkeep required, this is a truly hands-off investment in the heart of Kingston's university district. (id:27)
Building Features:
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Style:
Detached
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Building Type:
House
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Basement Development:
Unfinished
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Basement Type:
N/A
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Construction Style - Attachment:
Detached
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Exterior Finish:
Vinyl siding
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Floor Space:
1500 - 2000 sqft
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Foundation Type:
Stone
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Heating Type:
Forced air
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Heating Fuel:
Natural gas
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Cooling Type:
None
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Appliances: