Investment Opportunity: Dual-Unit Property in Kingston's West End

This property at 1666-1668 Victoria Street is a functional duplex located in the 37 - South of Taylor Kidd Blvd neighbourhood of Kingston. The building features 4 bedrooms and 2 bathrooms, offering a versatile layout suitable for long-term tenants or students. Suite/zoning status to be independently verified with the municipality. Based on current market conditions in Kingston, we estimate a total monthly rental income of $3,600, assuming competitive rates for a two-unit configuration. With a purchase price of $649,900, a 20% down payment ($129,980) at a 5.5% interest rate over a 25-year amortization results in a monthly mortgage payment of approximately $3,185. Property taxes are estimated at $7,798.80 annually (1.2% of purchase price). Investors should note that while Kingston has seen a 43% appreciation over the last 5 years, the recent 1-year appreciation of 2% suggests a stabilizing market, which is often favourable for long-term buy-and-hold strategies. The primary investment thesis here is the ability to secure a multi-family asset in a established residential area, providing a hedge against inflation through rental income. Risks include potential vacancy periods, maintenance costs associated with older building stock (51-99 years old), and interest rate sensitivity. Investors are encouraged to conduct thorough due diligence regarding the current tenancy status and building condition.