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Listed 28 days ago

271 Chelsea Road

28 - City SouthWest, Kingston

$689,000

Detached|Bungalow
3 | 2 | 4
About this home

271 Chelsea Road offers a versatile and well maintained home in the highly regarded Henderson Place neighbourhood. The main level features three comfortable bedrooms, an updated bathroom, and a practical layout that supports both everyday living and entertaining. The lower level is fully finished and includes a self contained in law suite with its own entrance, providing excellent flexibility for extended family or income generation. This level includes two additional bedrooms, a den, a kitchen/dining area, and a spacious living room, creating a complete secondary living space. The backyard is a standout feature, offering a deck and a generous outdoor area ideal for relaxing or hosting gatherings. Recent improvements include updated flooring in the lower unit, enhancements to the main floor bathroom (backsplash and shower plumbing), a reconfigured primary bedroom closet, and a new sump pump installed in 2025. The property generates strong income, with Unit 1 rented at $2,295/month inclusive and Unit 2 rented at $1,795/month inclusive, offering a reliable revenue stream and making this an appealing option for investors or those seeking a flexible multi generational living arrangement in a desirable west end location.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$4,354
Lot Size65.01 ft x 107.1 ft
mls© NumberX13810304
Listed ByROYAL LEPAGE PROALLIANCE REALTY, 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%
$3,527
Property tax
$363
Heat allowance
$150
Housing costs
$4,039 / mo

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

Down payment20% · $137,800
25-yr amortization

Income needed

$124,000

gross annual household income

Payment at 4%
$2,899 / mo
Cash down
$137,800

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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