This well-maintained all-brick residence offers a compelling investment opportunity for parent buyers and seasoned investors alike. Configured as a five-bedroom student rental in the main home with a self-contained bachelor suite at the rear, the property delivers immediate income potential with excellent long-term flexibility. The main home is now vacant, offering a rare opportunity for a new owner to set their own rents, select tenants or accommodate a parent-buyer purchase for the upcoming school year. Previously configured as a five-bedroom student rental, the front residence generated $4,995 per month at $999 per bedroom, inclusive of heat and hydro. The rear bachelor unit remains occupied for $1,075 per month, providing stable supplementary income. The main house offers pine hardwood flooring throughout the main floor, a full bathroom on the main level and a second full bathroom upstairs, providing strong functionality for student living. Bedrooms are spread across two levels with bright common areas and in-suite laundry. Recent improvements include a newly renovated downstairs bathroom, new carpet upstairs and updated appliances. Located on a deep lot, the property also offers the rare ability to accommodate up to four vehicles in the backyard, an extremely attractive feature that could add to the monthly income. Ideally positioned near Queen's University, downtown, transit routes, and major amenities, this property continues to perform year after year with consistent tenant demand. A rare opportunity to acquire a high-yield Kingston rental with strong cash flow potential, recent updates, and built-in upside. Schedule your viewing today!
Address
480 Victoria Street
List Price
$798,000
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
2-Storey
Transaction Type
Sale
Area
Kingston
Sub-Area
14 - Central City East
Region
Frontenac
Bedrooms
5 + 1
Bedrooms (Total)
6
Rooms Above Grade
7
Rooms Below Grade
5
Rooms (Total)
11
Bathrooms
3
Floor Area
1100-1500 Sq. Ft.
Lot Size Source
GeoWarehouse
Lot Depth
132.85
Lot Shape
Rectangular
Lot Size Units
Feet
Lot Width
32.7
Parcel Number
360260090
Occupant Type
Tenant
Cross Street
Victoria and Princess St
MLS® Number
X13436752
Listing Brokerage
RE/MAX RISE EXECUTIVES, BROKERAGE
Basement Area
Crawl Space
Postal Code
K7L 3Z7
Posession Details
Flexible
Parking
Private, Available
Parking Places (Total)
4
Parking Spaces
4
Tax Amount
$5,570.90
Tax Year
2025
Site Influences
Fenced Yard, Hospital, Public Transit, School, School Bus Route
Interior Features
In-Law Suite, Water Heater
Property Features
Fenced Yard, Hospital, Public Transit, School, School Bus Route
Central Vacuum
No
Family Room
No
Elevator
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Kingston & Area Real Estate Association
Heat Source
Gas
Heat Type
Forced Air
Cooling
No
Cooling Features
None
New Construction
No
Construction Materials
Aluminum Siding, Brick
Direction Faces
West
Fireplace
No
Foundation Details
Stone
Garage
No
Garage Type
None
Kitchens Total
2
Kitchens Above Grade
1
Kitchens Below Grade
1
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LT 51 PL A8 KINGSTON CITY AS IN FR640314; KINGSTON ; THE COUNTY OF FRONTENAC
Topography
Dry, Flat
Waterfront
No
Waterfront
None
Sewer
Sewer
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Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Main | Kitchen | 3.35 x 4.41 Meters | Hardwood Floor |
| Main | Primary Bedroom | 3.55 x 4.06 Meters | Hardwood Floor |
| Main | Bedroom | 3.58 x 3.49 Meters | Hardwood Floor |
| Main | Bathroom | 2.37 x 2.1 Meters | 3 Pc Bath, Tile Floor |
| Second | Bedroom | 2.57 x 1.96 Meters | |
| Second | Bedroom | 3.3 x 3.4 Meters | |
| Second | Bedroom | 2.63 x 2.69 Meters | |
| Second | Bedroom | 2.65 x 3.85 Meters | Tile Floor |
| Second | Bathroom | 1.99 x 1.73 Meters | 4 Pc Bath |
| Second | Laundry | 1.29 x 2.51 Meters | |
| Main | Bedroom | 4.72 x 2.78 | |
| Main | Bathroom | 1.37 x 2.35 | 3 Pc Bath |
| Main | Kitchen | 3.21 x 2.55 |