16 FERGUS ST Kingston, ON K7K 4K9

LEGAL DUPLEX... Introducing an excellent investment opportunity! Whether you are an investor or a homeowner looking to generate additional income, this property is worth considering. Unit 1 is a well-maintained 1-bedroom, 1-bathroom unit currently occupied month-to-month, generating $850 in rental income. The tenant is responsible for heat, hydro and has 1 parking spot. Unit 2 is a 2-bedroom,1-bathroom unit that requires renovations. This unit presents an exciting opportunity for customization and creating your ideal living space.The tenant is responsible for heat and hydro. Additionally, the unit offers access to the backyard, allowing residents to enjoy outdoor relaxation and activities. One parking spot is available. As the property owner, you are only responsible for water and sewer expenses making this property a very cost-effective addition to your current portfolio. Situated in a desirable downtown location, residents of this property have easy access to various amenities, including shopping, restaurants, parks, a dog park, a community centre, transportation, and schools. Take advantage of this opportunity to secure a value-added asset.