Exceptional investment opportunity in the heart of downtown Kingston - a spacious 5-bedroom, 2-bathroom semi-detached freehold steps from Princess Street in one of Ontario's tightest rental markets.The main level offers an eat-in kitchen with dining area, living room, 1 bedroom and a 3PC bath. The second level adds three more bedrooms and a second 3-piece bathroom. The lower features a fully finished bedroom, and laundry facilities. Five bedrooms, two full baths, two kitchens, and room for everyone across 1,253 SF, above grade on a fully serviced 1,903 SF lot.Capital improvements during ownerhsip include high-efficiency gas furnace, spray foam insulation throughout, updated kitchens, weeping tile and drainage system, and finished basement area. Chatham Street intersects directly with Princess Street, placing this address within walking distance of Queen's University, Kingston General Hospital, Kingston Health Sciences Centre, Hotel Dieu Hospital, the Memorial Centre, and the full Princess Street commercial corridor - groceries, transit, restaurants, and daily amenities all within reach on foot. A 5-bedroom property at this address draws from multiple tenant pools - students, healthcare workers, and downtown professionals - ensuring demand well beyond the academic calendar. Kingston has maintained one of the lowest rental vacancy rates in Ontario for consecutive years, and properties within this immediate catchment reflect that consistently.