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Price Change$548,000

501 - 121 Queen Street

22 - East of Sir John A. Blvd, Kingston

$531,500

Condo Apartment |
2 | 1 | 1 | 1
About this home

There's a bit of a sweet spot in Kingston's downtown condo market and Anna Lane is right in the middle of it. It's newer and more thoughtfully designed than many of the city's older condo buildings, with better amenities and layouts that make good use of the space. At the same time, it doesn't look or feel like one of the purpose-built student condos found farther from the heart of downtown. This is a real home, in a well-maintained building and at a price that remains far more approachable than many of Kingston's luxury waterfront addresses. Unit 501 is a move-in ready two-bedroom condo with one full bath and a functional layout. Its North-facing position provides a wonderful outlook over the historic limestone church across the street, a view with genuine Kingston character. It's also located on the opposite side of the building from the underground garage entrance, making it a quiet place to live. The building itself adds a lot to the experience. Residents enjoy an outdoor terrace with community barbecues, a party and meeting room, a guest suite, bicycle storage, visitor parking and underground parking. And then there's the location. Anna Lane sits in the heart of downtown Kingston, only a short walk from Market Square, the waterfront, restaurants, cafes and shops. Queen's University and KGH are also easily accessible, without having to live in the middle of the undergraduate housing district. That makes unit 501 an excellent option for graduate students, professors, first-time home buyers ready to stop renting, professionals who want to walk to work or downsizers looking for something manageable without giving up the energy and convenience of downtown living. It has been exceptionally well cared for by its current owners, it's ready to move into and it has been competitively priced. For buyers who want to live in downtown but don't necessarily need or want to pay waterfront-condo prices this is a very compelling alternative.

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BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleApartment
Approx. Age11-15
Size900-999 sq. ft.
Maintenance Fees$880
LockerExclusive
BalconyTerrace
ExposureWest
Parking TypeUnderground
Parking Spaces1
Parking FeaturesReserved/Assigned, Underground
Property Tax$5,420
mls© NumberX13801108
Listed ByROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
Heat Included
Building Insurance Included
Water 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%
$2,720
Property tax
$452
Heat allowance
$150
Condo fees, half counted
$440
Housing costs
$3,762 / mo

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

Down payment20% · $106,300
25-yr amortization

Income needed

$116,000

gross annual household income

Payment at 4%
$2,237 / mo
Cash down
$106,300

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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