354-356 And 366 Lincoln Street Kingston, Nova Scotia B0P 1R0



354, 356 and 366 Lincoln Street offers an investment opportunity to own a 3 building / 34 unit apartment project located in Kingston, NS just minutes of Hwy 101. Unit mix: 2 x 1 Bdrm, 22 x 2 Bdrm with 2 appliances and 10 x 2 Bdrm with 5 appliances. Majority units have balconies. Attractively landscaped with good curb appeal. Buildings are in very good overall condition. The two front buildings are 3 levels with 12 units each that were built in 1989 and 1990. The rear building is a 2 level 10 unit that was completed in 2011. Mature tenant base. Current rents are under valued. Opportunity to raise rents to market as units turnover. Buildings are highly efficient with minimal common area. Electric baseboard heat and air exchange in new building. Low operating costs. Treat financing as clear. Current income is reflective of a 6.0 cap rate. (id:29604)

Property Details

MLS® Number 202409063
Property Type Multi-family
Community Name Kingston
Amenities Near By Park, Playground, Public Transit, Shopping
Structure Shed


Appliances Range, Dryer, Washer, Refrigerator
Constructed Date 1990
Flooring Type Carpeted, Hardwood
Foundation Type Concrete Perimeter
Type Apartment
Utility Water Drilled Well


Parking Space(s)


Acreage Yes
Land Amenities Park, Playground, Public Transit, Shopping
Sewer Municipal Sewage System
Size Irregular 2.17
Size Total 2.17 Ac
Size Total Text 2.17 Ac


Cable Available Unknown



Contact us for more information

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Tom Gerard

(902) 830-1318

Keller Williams Select Realty (Branch)
1160 Bedford Highway, Suite 100
Bedford, Nova Scotia B4A 1C1

(902) 407-2489

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