297 Helen Street

14 - Central City East Kingston K7L 4P6

Two 14-unit apartment buildings on one parcel in a prime downtown Kingston location. Strong in-place cash flow with below-market rents and a clear value-add trajectory. The property generates a current NOI of $252,536 annually (reflecting the in-progress unit turnover). Five-year projections indicate a 140% total return with a 15.72% ARR(pre-improvement). All units have independent hydro service. The asset is also well-positioned for CMHC MLI Select financing, providing investors the opportunity to enhance leverage and maximize long-term returns .Full financials, rent roll, environmental reports, survey, floorplans, and photos are available through the secure data room.