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14 - Central City East, Kingston
$889,900
Prime Queen's location with an exceptional investment opportunity! This spacious 7 bedroom, 2 kitchen property offers 5 bedrooms on the main level plus 2 additional bedrooms in the lower level, providing an ideal setup for student or multi-tenant rental accommodation. Currently generating approximately $6,800/month in rental income, making this an attractive addition to any investor's portfolio. The property also features a garage and is situated in a highly sought after area close to Queen's University, downtown Kingston, shopping, restaurants and amenities. A rare opportunity to own a well-positioned income property in one of Kingston's most desirable rental locations.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $9,681 |
| Lot Size | 49.3 ft x 96.5 ft |
| mls© Number | X13767888 |
| Listed By | RE/MAX FINEST 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 actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $4,555
- Property tax
- $807
- Heat allowance
- $150
- Housing costs
- $5,512 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$170,000
gross annual household income
- Payment at 4%
- $3,745 / mo
- Cash down
- $177,980
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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