| 59% of suites renovated — minimal capital required with potential to further increase revenue as units turn over. |
| 34 bachelor and 12 one-bedroom suites — ideal for Kingston’s student and professional tenant base. |
| Tenant-paid surface parking ($50/ month/stall) and a basement laundry room with newer, owned machines. |
| Projected Year 1 NOI of $436,361 | In-place cash flow with continued upside. |
| Situated near Queen’s University, public transit, retail amenities, and major employment hubs — offering steady tenant demand. |
| Kingston boasts low vacancy rates and steady rental demand supported by students, healthcare workers, and public sector employment. |
Chris Bertucci
Colliers
