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14 - Central City East, Kingston
$1,369,000
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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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 2000-2500 sq. ft. |
| Property Tax | $12,474 |
| Lot Size | 76 ft x 120 ft |
| mls© Number | X13847760 |
| 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%
- $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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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