DESCRIPTION

Why settle for ordinary when you can own a historic, versatile, and recession-resistant two-family home in kingston’s coveted stockade district—an investment that offers both timeless charm and modern financial security? welcome to this stately colonial in kingston's historic stockade district, where timeless elegance seamlessly blends with modern versatility.  Built around the 1830s—though recorded as 1900—this impressive 2,773 square foot residence exudes period charm, featuring soaring 10-foot ceilings and elegant light fixtures throughout.  Its spacious floor plan includes 4 bedrooms and three full baths, complemented by two cozy fireplaces, creating a warm and inviting atmosphere.  Located in one of kingston’s most desirable neighborhoods, this legal two-family home offers exceptional flexibility and resilience in any economic climate.  Whether you choose to use it as a single-family residence or as a rental investment, this property is designed to generate steady income and withstand market fluctuations—making it a truly recession-resistant asset.  The rear unit, with its own heating system and electrical meter, currently rents for $1,650 month-to-month, providing immediate cash flow.  The main house’s adaptable layout also lends itself to use as multiple offices or a combined living and working space, catering to today’s evolving lifestyle needs.  The two-car garage with a loft presents further potential—convert it into a separate living unit or an income-generating rental to maximize your investment.  The kitchen in the main house has been stripped of old appliances and is ready for remodeling to suit your personal taste.  Recent upgrades include state-of-the-art furnaces for each unit, updated electrical systems (100 amp for the apartment and 200 amp for the main house), new copper gutters and downspouts, and freshly painted interior and exterior surfaces.  Furthermore, this property benefits from "t5n zoning", which permits a diverse mix of residential building types, general retail, and small to medium-sized neighborhood supporting services and commercial uses.  This flexibility adds to the unique “go with the flow” potential of this historic property—allowing you to adapt and expand your investment in ways that best suit your goals.  "as an added incentive, the sellers are offering to purchase 1 mortgage point for buyers.  " investing in 8 pearl street not only secures a beautiful historic property but also diversifies your portfolio with a resilient, income-producing asset—perfect for those seeking stability in uncertain economic times.  Experience the perfect blend of historic charm and modern opportunity that makes this property a standout in kingston’s vibrant community.  


Data is provided by OneKey MLS.