403 Bagot Street Kingston, Ontario K7K 3C1

$649,000

403 Bagot St, downtown between Ordnance and Bay (Walk Score 96), is a classic red-brick century home and a smart investment, given that a fifth, and even sixth, bedroom could be created in a weekend. The university campus is a dead-easy twenty-minute walk or five-minute bike ride straight through City Park, and at this price a cap rate well over 6% is a formality, and over 7% a distinct possibility. High-ceilinged living and family rooms, a separate dining room, then kitchen, then three-piece bathroom and laundry. The ground floor is about a mile deep, front-to-back. Upstairs is more of the same with the principal bedroom at the top of the back staircase. A 75K renovation in 2019 to this room and the adjoining bathroom have created a restful space separate from the darker hardwoods elsewhere in the house. The shingles were replaced last year and the exterior gingerbread was repainted at the same time. The gas boiler is efficient and was just serviced. A fenced garden with a bike shed, and ample parking (aka more income potential!) are a real bonus. It’s really hard to find brick homes with this much space, and this much character (the plaster moldings! the stained glass transom! the iron radiators!) this well-located. Add the profitable math to that picture and 403 Bagot St really is one of a kind. (id:28880)

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https://www.realtor.ca/real-estate/26294730/403-bagot-street-kingston