85 Stephen Street
22 - East of Sir John A. Blvd, Kingston
$450,000
Development property with severance potential. Prime development opportunity in central Kingston. This 7,740 sq. ft. lot (60 x 132) carries a Residential designation in the Official Plan with UR5 zoning. The site offers severance potential to create two separate lots, along with the possibility for additional density subject to municipal approvals. The existing structure provides potential redevelopment or adaptive reuse. The property is fully serviced with municipal water, sewer, natural gas, and electricity. A Phase I environmental assessment is available. Ideally situated near Regiopolis-Notre Dame Catholic High School and along multiple transit routes, the property is also walking distance to commercial uses and parks.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | --- |
| Lot Size | 60 ft x 132 ft |
| mls© Number | X13560464 |
| Listed By | ROGERS & TRAINOR COMMERCIAL REALTY INC., BROKERAGE |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's estimated carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,303
- Property tax (estimated)
- $0
- Heat allowance
- $150
- Housing costs
- $2,453 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$75,000
gross annual household income
- Payment at 4%
- $1,894 / mo
- Cash down
- $90,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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