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341 Division Street
22 - East of Sir John A. Blvd Kingston K7K 4A2

$669,900 /For Sale
Commercial

Main Photo: 341 Division Street in Kingston: 22 - East of Sir John A. Blvd Commercial for sale : MLS®# X12615772
Photo 1: 341 Division Street in Kingston: 22 - East of Sir John A. Blvd Commercial for sale : MLS®# X12615772
Photo 2: 341 Division Street in Kingston: 22 - East of Sir John A. Blvd Commercial for sale : MLS®# X12615772
Photo 3: 341 Division Street in Kingston: 22 - East of Sir John A. Blvd Commercial for sale : MLS®# X12615772
Photo 4: 341 Division Street in Kingston: 22 - East of Sir John A. Blvd Commercial for sale : MLS®# X12615772
Photo 5: 341 Division Street in Kingston: 22 - East of Sir John A. Blvd Commercial for sale : MLS®# X12615772
Photo 6: 341 Division Street in Kingston: 22 - East of Sir John A. Blvd Commercial for sale : MLS®# X12615772
Photo 7: 341 Division Street in Kingston: 22 - East of Sir John A. Blvd Commercial for sale : MLS®# X12615772
Photo 8: 341 Division Street in Kingston: 22 - East of Sir John A. Blvd Commercial for sale : MLS®# X12615772
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
X12615772
Bus Major:
Apts - 2 To 5 Units
Attention Investors and Queen's University Parents! Beautifully kept cash-flowing legal non-conforming triplex in prime downtown Kingston location! Aggressively priced and fully rented with a 7.28% cap rate and immediate cash flow. Unit #1 (1BR): $1,600/month, Unit #3 (1BR): $1,600/month, Unit #2 (2BR): $1,900/month for a total gross income of $61,200 annually. Operating expenses are $12,440 (Taxes: $4,568, Insurance: $2,210, Utilities: $5,662) for an NOI of $48,760 with upside potential to $55,000+ through strategic rent increases. Each unit features in-suite laundry and dedicated parking-a rare combination that commands premium rents. The building is in excellent condition with extensive recent upgrades including plumbing, electrical, furnace, roof, windows, soffits, and eaves. High ceilings and exposed brick throughout make units highly attractive to tenants. This is a turnkey investment with quality tenants in place, low operating costs, and strong cash flow from day one. Perfect for first-time multi-family investors or experienced landlords looking for a solid performing asset in Kingston's strong rental market. Easy showings available-call, text, or email to book your viewing.
Property Type:
Commercial
Property Sub Type:
Investment
Property Attached:
Yes
Freestanding:
Yes
Total Area:
248 sq. ft. Square Meters
Total Area:
248 sq. ft.
Lot Depth:
100'
Lot Frontage:
25'
Lot Details:
100 x 25
Bedrooms:
4
Water supply:
Municipal
Kitchens:
3
Rooms:
13
Zoning:
A
Heating type:
Gas Forced Air Open
Cooling:
No
New Construction:
No
Garage:
None
Parking Spaces:
3
Possession Details:
Immediate
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$4,568.02 / 2024
Assessment:
$- / -
Frontenac
Kingston
22 - East of Sir John A. Blvd
Hot water tank
3x Stove, 3x Fridge, 3X Washer, 3X Dryer
Tenants possessions
Utilities:
Available
Air Conditioning:
No
Seller Property Info Statement:
No
Major Business Type:
Apts - 2 To 5 Units
Category:
Apartment
Date Listed:
Dec 10, 2025
Original Price:
Previous Price:
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Listed by RE/MAX RISE EXECUTIVES, BROKERAGE
Data was last updated December 15, 2025 at 01:15 PM (UTC)
DARYL  KING
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1. Are apartment buildings a good investment?
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2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

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You can find listings across major cities and growing suburbs where rental demand remains strong.