Serving Southern Ontario & GTA

337 MELANIE Avenue, Kingston, ON K7M 8B4, Kingston, Ontario

detached · 3 bed · MLS® X12869448

No Image Available
Active
1 / 0

$629,000

MLS# X12869448

337 MELANIE Avenue, Kingston, ON K7M 8B4

Kingston, Ontario K7M 8B4

3

Bedrooms

Bathrooms

0

Sq Ft

0

Year Built

New Listing· Listed null days on marketPopular· 94 views today
About This Property

Unique investment opportunity in Kingston's City Central! Welcome to 337 Melanie Avenue, ideally located close to downtown Kingston, shopping, restaurants, transit, schools, parks, and everyday amenities. This well-situated property offers strong income potential and flexibility for investors looking to capitalize on Kingston's consistently strong rental market. The property features two self-contained residential units. The upper unit has been completely renovated and offers a bright, modern 2-bedroom, 1-bathroom layout. It is currently vacant and was previously rented for $2,350 per month inclusive, providing an immediate opportunity for the new owner to secure a tenant at current market rates. The lower unit features a 1-bedroom, 1-bathroom layout and is currently rented for $1,650 permonth, with the tenant scheduled to vacate at the end of April. With both units becoming available, buyers have a rare opportunity to set new market rents and significantly increase overall income and return on investment. Located in Kingston's desirable central area, the property benefits from easy access to downtown, retail shopping, restaurants, public transit routes, schools, and major amenities, making it highly attractive to tenants. This central location continues to see strong rental demand due to its convenience and proximity to employment, services, and entertainment. Whether you are an investor looking to add a solid income property to your portfolio or seeking a property with the potential for strong rental return, 337 Melanie Avenue represents a unique opportunity. With a fully renovated unit, upcoming vacancies, and the ability to reset rents, the property offers excellent potential to maximize ROI in a prime Kingston location.

Property Details

Property Type

Detached Home

Year Built

N/A

Lot Size

N/A

Garage

N/A

Basement

N/A

Heating

N/A

Cooling

N/A

Parking Spaces

N/A

Location

Map View

337 MELANIE Avenue, Kingston, ON K7M 8B4, Kingston, Ontario

About 337 MELANIE Avenue, Kingston, ON K7M 8B4

This Detached Home at 337 MELANIE Avenue, Kingston, ON K7M 8B4 is listed for sale in Kingston, Ontario at $629,000.

0

Kingston is a thriving community in Ontario with excellent amenities, schools, parks, and transit access. Whether you are a first-time buyer, growing family, or investor, this detached home represents a compelling opportunity in Kingston's real estate market.

MLS® number X12869448. Listed with RE/MAX Realty Specialists Inc., Brokerage. Contact Jagtar Singh for more information or to schedule a private showing.

This property is located in:

View all Kingston homes for sale

Questions about this property?

Get expert insights from Jagtar Singh.

Mortgage Calculator

$629,000

20% ($125,800)

Minimum 5% for homes under $500K, 20% to avoid CMHC insurance

5.5%
25 years

Estimated Monthly Payment

$3,090

*Principal & Interest only. Does not include taxes or insurance.

Principal$503,200
Total Interest$423,826
Total Cost$1,052,826
Jagtar Singh

Jagtar Singh

RE/MAX Realty Specialists Inc.

Contact About This Property
Never Miss a Listing

Get notified when new homes match your criteria

We will email you new listings that match. Unsubscribe anytime.

Explore More Cities

Find homes in other communities