$2,375,000
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48 Stephen Street, Kingston (east Of Sir John A. Blvd), ON K7K2C3

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- Beds
0 Baths
10,000 Sq Ft

Well-located 12-unit apartment building in Kingston's highly sought-after Inner Harbour District. The property generates a current NOI of $106, 803 and is approximately 21% under-rented across the building, offering immediate and measurable upside through rent optimization. The building is in good overall condition, with several capital improvements already completed. Rents are inclusive, with landlord-paid utilities, creating potential for future expense optimization. On-site parking enhances tenant appeal and long-term stability. This asset qualifies for CMHC MLI-Select-style financing, making it an attractive opportunity for investors seeking leverage, income growth, and a strong downtown location with limited multi-residential supply. Full financials, rent roll, and supporting documentation are available in the data room. Serious buyers are encouraged to review the materials to fully understand the income upside and financing potential. (id:58753)

Listing By: JORDAN MCGREGOR - RE/MAX RISE EXECUTIVES, BROKERAGE cncrea2 Realty.com
  • MLS® X13228856
  • Date Listed06/02/2026
  • Days on Realty 58 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size -
  • Sewer Other
  • Property Type Multi Family
  • Water Public
  • Square Feet 10,000 sq. ft
  • Price Per Sq. Ft $237.5

Interior Features

  • Cooling None
  • Heating Hot water radiator heat, Natural gas, Radiator

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Directions

Cross Streets: Stephen St and Montreal St. ** Directions: Montreal or Division St to Stephen St.

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for K7K2C3

Discover key demographics, population statistics, and environmental insights for the Kingston (east Of Sir John A. Blvd), ON area.

Walkability in ON / K7K2C3

Source: Walk Score

92/100

Walker's Paradise

Walk Score ®

57/100

Good Transit

Transit Score ®

76/100

Very Bikeable

Bike Score ®

Overview

Daily errands do not require a car. Many nearby public transportation options. Biking is convenient for most trips.

Transit Summary

17 nearby routes: 17 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 40/100, Transit Score: 37/100, Bike Score: 52/100.

Points of Interest near 48 STEPHEN STREET, Kingston (East of Sir John A. Blvd), ON K7K2C3

Frequently Asked Questions for 48 STEPHEN STREET

Source: Realty.com

48 STEPHEN STREET, Kingston (East of Sir John A. Blvd), ON K7K2C3 in Kingston (East of Sir John A. Blvd), ON K7K2C3 is a multi family listed at $2,375,000. Highlights include 10,000 sq. ft., $238 per sq. ft.. Realty.ca has 10 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 10 photos of 48 STEPHEN STREET.

The full address for this home is 48 STEPHEN STREET, Kingston (East of Sir John A. Blvd), ON K7K2C3.

48 STEPHEN STREET has been listed on Realty.com since Tue June 02, 2026

Daily errands do not require a car. Many nearby public transportation options. Biking is convenient for most trips.

The average walkability score in the surrounding area is Walk Score: 40/100, Transit Score: 37/100, Bike Score: 52/100.

Listing provided courtesy of: RE/MAX RISE EXECUTIVES, BROKERAGE
Listing agent: JORDAN MCGREGOR

This content last refreshed on 2026-07-30 09:21:43. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.