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Listed 3 months ago

55 Queen Mary Road

18 - Central City West, Kingston

$524,900

Detached|2-Storey
4 | 3 | 4
About this home

Discover the potential of 55 Queen Mary Road, located in the heart of Kingston on an oversized lot. This stately 4+1 bedroom, 2 home is just a short walk from schools, parks, St. Lawrence College, and more. The spacious main level features a bright picture window, a formal dining room, and an enormous kitchen. Upstairs, you'll find three generous-sized bedrooms. Additional highlights include a 2-car garage and a fully fenced backyard, newer furnace and roof. While the home requires some repairs and updates, it presents a fantastic investment opportunity. This property offers real potential for the right buyer.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. Age51-99
Size1500-2000 sq. ft.
Property Tax$5,711
Lot Size80 ft x 98 ft
mls© NumberX13626060
Listed ByROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE

Listing History

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  • 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%
$2,687
Property tax
$476
Heat allowance
$150
Housing costs
$3,313 / mo

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

Down payment20% · $104,980
25-yr amortization

Income needed

$102,000

gross annual household income

Payment at 4%
$2,209 / mo
Cash down
$104,980

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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