$1,600,000

Built in the early 1900's, this classic Kingston Victorian has the kind of presence you can't replicate--steep front gable, layered rooflines, projecting bay windows, and a full-width covered porch that still functions as intended. The original structure remains intact in all the ways that matter: clapboard siding, strong proportions, and a raised foundation that gives the building both scale and durability. With the exception of the rear cottage which is completing a renovation, 10 units are fully leased, and are not subject to Kingston's ETPA rent control laws. The main building offers mostly one-bedroom units, supported by new roofs and recent improvements to kitchens, baths, and core systems, along with extensive copper plumbing infrastructure and updated mechanicals. Central gas heating with high efficiency boiler, and individually metered electric service for each unit with electric ranges. A complete reimagining of the rear cottage into a modern four-bedroom residence will be delivered fully completed and leased at closing. Set within the flexible T5N zoning district and moments from the Stockade District, Uptown retail, and regional transit, the property holds long-term optionality while performing today. The location, infrastructure, and tenant profile converge into a clean, efficient investment--one that feels considered rather than assembled, and positioned to hold its ground and grow in value as the market continues to mature.