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$ 749,000
Est. payment /mo
New
135 Nelson ST Kingston, ON K7L 3W9
5 Beds
2 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision 14 - Central City East
MLS Listing ID X12680026
Style 2-Storey
Bedrooms 5
Annual Tax Amount $4,711
Tax Year 2025
Property Sub-Type Detached
Lot Depth 132.0
Lot Front 33.0
Property Description
Located just a short walk from Queens University downtown Kingston, 135 Nelson Street presents a prime opportunity to own a fully leased, turnkey student rental in one of Kingston's most sought-after investment areas. This five-bedroom, one-and-a-half-bath home is currently rented at $850 per room, with all tenants in place until April 2026. A new owner will have the opportunity to rent at a higher rate. The property has been a consistently strong-performing investment and has undergone a full facelift since purchase, including a rebuilt back deck, new front wooden steps, a fresh cement walkway, and an attic insulation top-up for improved efficiency. The home feels bright and airy, and has been a pleasure to lease out. The natural gas furnace was serviced last fall, and the roof was replaced in 2019. Another standout feature is the huge backyard - rare for the area - offering extra space for outdoor enjoyment or potential future use. The home also includes three parking spots, on-site laundry in the basement, and comes fully furnished, including a recently updated fridge and stove. With reliable second-year student tenants, strong rental income, and minimal upkeep required, this is a truly hands-off investment in the heart of Kingston's university district.
Location
Province ON
County Frontenac
Area Frontenac
Rooms
Family Room No
Basement Unfinished
Kitchen 1
Interior
Interior Features Primary Bedroom - Main Floor
Cooling None
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Deck
Parking Features Private
Pool None
Waterfront Description None
Roof Type Asphalt Shingle
Lot Frontage 33.0
Lot Depth 132.0
Total Parking Spaces 3
Building
Building Age 100+
Foundation Stone
Others
ParcelsYN No
Listed by RE/MAX RISE EXECUTIVES, BROKERAGE
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