Two Sevens Capital has acquired a 46-unit multi-family residential building in Kingston, Ontario, aiming to enhance the property through energy retrofitting while expanding its local portfolio.

Target Information

Two Sevens Capital Group of Companies has successfully acquired a 46-unit low-rise multi-family residential building located at 300 Regent Street in Kingston, Ontario. This acquisition is a strategic addition to the company's Ontario-focused mid-cap portfolio. The property is architecturally designed as a 3.5-story concrete building, offering a mix of twelve one-bedroom units and thirty-four bachelor apartments. Its prime location is ideal, nestled within a family-friendly neighborhood, and conveniently close to essential amenities such as Kingston General Hospital, Queen's University, and St. Lawrence College.

The property not only provides easy access to local transit and Highway 401, but it is also within walking distance of the Kingston Memorial Center, grocery stores, restaurants, gyms, and various local businesses. Downtown Kingston is a mere two kilometers away, allowing tenants to effortlessly enjoy shopping and dining experiences.

Industry Overview

The real estate industry in Kingston, Ontario, is witnessing robust growth, particularly in the multi-family sector. The increasing demand for rental properties has spurred expansion opportunities, as more individuals seek housin