This interactive Property Information Package (PIP) was prepared for you by MacInnis Realty Inc. Brokerage.
Table of Contents
• ABOUT 83 BEVERLEY STREET
• FEATURES
• Q&A
• UTILITIES & PROPERT TAXES
• FLOOR PLANS
• SURVEY
• FINANCIAL ANALYSIS
• BUY & HOLD PROJECTION
• ELECTRICAL
• KEEP IN TOUCH
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Not intended to solicit clients already under contract. Buyers to confirm accuracy of all information.
83 Beverley Street
L ocation. Location. Location! Steps to Queen’s Crescent, Tindall Field, only 800 metres to Stauffer Library, 4min bike ride to Queen’s ARC and 5min walk to stunning Lake Ontario waterfront, enjoy beachfront at Gord Downie Pier. Owned and loved by the same family for decades, this is a meticulously maintained home. Gleaming original hardwood floors and stairs, high baseboards, French doors, two full bathrooms, plus a half bath. 4 bedrooms, rec room space/storage, high efficiency gas furnace, gas hot water heater, central air, many updates over the years including some vinyl case- ment windows, electrical 100amp breaker panel, spray foam insulated and drywalled basement, large backyard with deck and shed, perfect for storing lawnmower, sports equipment and bicycles. Public Transit only steps away on King Street or Union St. Easy access to west campus too. Double driveway for two cars and plenty of street parking available. Enjoy downtown living in one of Kingston’s most no- table and desirable neighbourhoods.
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Features
• Spray foam insulation in basement • Added 2nd full bathroom to main level • Central air • Heated bathroom floor • Natural gas high efficiency furnace • Updated second full bathroom • Potential for front unit and rear unit
• Hardwood floors • Brand new shed • Paved driveway • Steps to Gord Downie Pier
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Q&A
Q: What is the Sellers ideal closing date? A: Flexible, Seller is open to offers Q: What are the property taxes? A: $7,121.91 for 2023 Q: Are you holding offers? A: NOT Holding Offers. Submit offer anytime to sarah@macinnisrealty.ca Q: Is there high speed Internet and cell reception available? A: Yes! Great cell reception and high speed Internet Q: Is there garbage removal? A: Curb side garbage and recycling via City of Kingston Q: Parents who wish to purchase home for their student child to live in and rent to friends while in school. How much is minimum down payment? A: $25k + $23,500 = $48,500 is minimum down payment , assuming a $735k sale price.
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UTILITIES & PROPERTY TAX
Water/Sewer
Average/Month
$93
City of Kingston
Electricity
Average/Month
$93
City of Kingston
Gas
Average/Month
$93
City of Kingston
Property Taxes Average/Month
$593.49
City of Kingston
TOTAL APPROX. $873.49/MONTH
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Survey Plan 83 Beverley Street, Kingston, ON K7L 3Y7 SURVEY
83 Beverley Street, Kingston, ON K7L 3Y7
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FLOOR PLANS 83 Beverley Street, Kingston, ON K7L 3Y7
Main Floor 83 Beverley Street, Kingston, ON K7L 3Y7 FLOOR PLANS 83 Beverley Street, Kingston, ON K7L 3Y7
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FLOOR PLANS 83 Beverley Street, Kingston, ON K7L 3Y7
Second Floor 83 Beverley Street, Kingston, ON K7L 3Y7 FLOOR PLANS 83 Beverley Street, Kingston, ON K7L 3Y7
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FLOOR PLANS 83 Beverley Street, Kingston, ON K7L 3Y7
Basement Floor 83 Beverley Street, Kingston, ON K7L 3Y7 FLOOR PLANS 83 Beverley Street, Kingston, ON K7L 3Y7
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FLOOR PLANS 83 Beverley Street, Kingston, ON K7L 3Y7 Floor Plan 83 Beverley Street, Kingston, ON K7L 3Y7 FLOOR PLANS Beverley Street, Kingston, ON K7L 3Y7
FLOOR PL 83 Beverley Street, Kingsto
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Financial Analysis 83 Beverley Street, Kingston, ON K7L 3Y7
Financial Analysis with the following assumptions • $735k purchase price • 20% down • 5.79% fixed interest on 5 year term • 30 year amortization • $1100/bedroom so $4,400 revenue/month or $52,800 revenue/year • $1,130/month expenses (including High speed internet, utilities, property taxes, insurance) or $13,561/year • So NOI would be approx. $39,239/year • CAP Rate is 5.3% • Cash flow per month is -$176
*Note: I did not include any costs to update roof etc. nor any purchase costs such as Lawyer cost or Land Transfer Tax…no municipal Land Transfer Tax in Kingston so on a $735k purchase price you would pay $11,175. *Note, all illustrations were copied from a previous listing with a $735K sale price, which is why this number is used here…although it doesn’t reflect the list price of $749,900 or what the Seller would accept, in the interest of time, and getting an illustration to you, that number was copied. $735K is 98% of the list price so it still offers a helpful illustration. If you would like numbers run at a different price, please let me know and we are happy to do that for you.
Scan the code or click the code to view the financial illustration
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Buy & Hold Projection Calculated for over 3 years and 5 years
Assuming 5% annual average market value increase and assuming 2% inflation for expenses, it’s showing approx. $287k equity in year 3 and $392k equity year 5.
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Electrical 83 Beverley Street, Kingston, ON K7L 3Y7
Although electrical has been updated and 100amp breaker panel installed, it would be wise to confirm that is disconnected, and it may very well be. For Buyer’s reference, here is quote from electrician to remove, if any located…certainly home inspection could assist:
KMW Electric Inc. 1943 Burbrook Road Kingston ON K7L4V4 6135613580 kmwelectric@outlook.com GST/HST Registration No.: 729796201RT0001
Estimate ADDRESS Sarah MacInnis
ESTIMATE
1023
DATE
14/07/2023
DATE
ACTIVITY
DESCRIPTION
TAX
QTY
RATE
AMOUNT
HST ON
1 6,000.00
6,000.00
Project
Replace knob and Tube wiring -Dining Room Light Plus Switch -3 Gang Switch at Front Door Plus Lights -Stairwell Light going Upstairs -Switch at Top Of Stairs
SUBTOTAL
6,000.00
83 Beverley Street Electrical
HST (ON) @ 13%
780.00
-Replace existing Knob and Tube wiring with New Wiring -Electrical Safety Authority Permit Included -DRYWALL/PLASTER REPAIRS NOT INCLUDED. -Extras-$100 per hour plus material
$6,780.00
TOTAL
TAX SUMMARY
RATE
TAX
NET
HST (ON) @ 13%
780.00
6,000.00
Accepted By
Accepted Date
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Keep In Touch
Scan or click the code to visit our website
sarah macinnis , broker of record macinnis realty inc . brokerage text / talk 613 - 484 - 4441 sarah @ macinnisrealty . ca 221 queen street , kingston , on k 7 k 1 b 4
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