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Listed 18 days ago

68 Collingwood Street

14 - Central City East, Kingston

$1,369,000

Detached|2-Storey
6 | 3 | 7
About this home

QUEEN'S INVESTORS & BUYERS- Rare location. Rare lot. Rare investment opportunity. Ideally located steps from Queen's University & KGH, this exceptional 1890 limestone home combines timeless character with modern functionality. Offering 4 spacious bedrooms plus 2 additional oversized rooms, 3 bathrooms, 5 parking spaces, a detached garage, dedicated workspace, and a rare 76' x 120' lot. Turnkey and thoughtfully upgraded, all major systems have been updated, including extensive built-in cabinetry, HVAC with generator backup, central & split AC, updated electrical and plumbing, a Level 2 EV charger, and heated basement floors. Enjoy generous living and common areas, a spacious kitchen and a beautiful screened-in gazebo-perfect for relaxing or entertaining. For investors, the prime Queen's location and natural layout offer strong student rental potential. At a market rent of $1,350/month per occupant, 6 occupants represent $97,200 in potential gross annual rent. Income-producing today with four students currently in place and six-student occupancy planned for May 2027. This creates a compelling opportunity for a new owner to step into an established rent and benefit from increased income potential at the next lease cycle. A rare opportunity to own a premium, low-maintenance investment in one of Canada's most resilient student housing markets, while retaining the appeal of a distinctive downtown home. Note: This home is being rented to students for the first time. As such, it is pristine. This home has been staged using Artificial Intelligence.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$12,474
Lot Size76 ft x 120 ft
mls© NumberX13847760
Listed ByRE/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%
$7,007
Property tax
$1,040
Heat allowance
$150
Housing costs
$8,197 / mo

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

Down payment20% · $273,800
25-yr amortization

Income needed

$252,000

gross annual household income

Payment at 4%
$5,761 / mo
Cash down
$273,800

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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