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Featured
Listed 3 months ago

501 - 652 Princess Street

14 - Central City East, Kingston

$299,999

Condo Apartment |
1 | 1 | 0 | 1
About this home

Welcome to Sage Kingston, a contemporary condominium ideally situated in the heart of Kingston. This well-appointed south-facing 1-bedroom, 1-bathroom suite offers an efficient open-concept layout designed to maximize natural light and functionality. The modern kitchen features quality cabinetry, granite counters and stainless steel appliances, while the bright living area offers ample workspace and opens to a private balcony. Suite 501 is being sold fully furnished and includes a storage locker, making it an ideal turnkey investment or future residence. Currently rented on a month-to-month basis for $1,947 per month to an excellent tenant who is happy to remain and also willing to go, this property offers immediate rental income with exceptional flexibility for investors. Based on the current income and operating expenses, the property generates positive cash flow. Professional property management isavailable through either Sage Property Management or Heron Management, the current management company utilized by the seller, providing a convenient, low-maintenance ownership experience. Residents enjoy premium building amenities including a fully equipped fitness centre, rooftop terrace and garden, party/meeting room, secure entry, bike storage, and on-site management. Conveniently located within walking distance of Queen's University, Kingston General Hospital, downtown Kingston, public transit, shopping, restaurants, and everyday amenities, Sage Kingston continues to be one of the city's most sought-after locations for students and professionals alike. This is an outstanding opportunity to acquire a fully furnished, immediate-income-producing condo in a professionally managed building with strong long-term rental appeal.

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BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleApartment
Approx. Age0-5
Size0-499 sq. ft.
Maintenance Fees$387
LockerOwned
BalconyOpen
ExposureSouth
Parking TypeUnderground
Parking Spaces0
Parking FeaturesUnderground
Property Tax$3,862
mls© NumberX13570422
Listed ByROYAL LEPAGE SIGNATURE REALTY
Heat Included
Water Included
CAC Included
Common Elements Included
Building Insurance Included

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 actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$1,536
Property tax
$322
Heat allowance
$150
Condo fees, half counted
$193
Housing costs
$2,201 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $60,000
25-yr amortization

Income needed

$68,000

gross annual household income

Payment at 4%
$1,262 / mo
Cash down
$60,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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