652 Princess Street Unit 501, Kingston, ON K7L 1E5

Property Description

Welcome to Sage Kingston, a contemporary condominium ideally situated in the heart of Kingston. This well-appointed south-facing 1-bedroom, 1-bathroom suite offers an efficient open-concept layout designed to maximize natural light and functionality. The modern kitchen features quality cabinetry, granite counters and stainless steel appliances, while the bright living area offers ample workspace and opens to a private balcony. Suite 501 is being sold fully furnished and includes a storage locker, making it an ideal turnkey investment or future residence. Currently rented on a month-to-month basis for $1,947 per month to an excellent tenant who is happy to remain and also willing to go, this property offers immediate rental income with exceptional flexibility for investors. Based on the current income and operating expenses, the property generates positive cash flow. Professional property management isavailable through either Sage Property Management or Heron Management, the current management company utilized by the seller, providing a convenient, low-maintenance ownership experience. Residents enjoy premium building amenities including a fully equipped fitness centre, rooftop terrace and garden, party/meeting room, secure entry, bike storage, and on-site management. Conveniently located within walking distance of Queen's University, Kingston General Hospital, downtown Kingston, public transit, shopping, restaurants, and everyday amenities, Sage Kingston continues to be one of the city's most sought-after locations for students and professionals alike. This is an outstanding opportunity to acquire a fully furnished, immediate-income-producing condo in a professionally managed building with strong long-term rental appeal.