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New6 days ago

302 - 2 Bay Street

22 - East of Sir John A. Blvd, Kingston

$569,900

Condo Apartment |
2 | 2 | 1 | 0
About this home

A rare acquisition opportunity in one of Kingston's heritage buildings, the Bajus Condominiums places investors steps from Queen's University and the downtown core, two of the city's most reliable tenant demand anchors. This bright, well-maintained 2-bedroom, 2 full bathroom suite offers a practical layout with broad appeal across professional, graduate student, anddownsizer tenant segments. Key value drivers include one garage parking space, a newly installed heat pump supporting energy efficiency and tenant comfort, and a comprehensive amenity package: rooftop patio, fitness room, sauna, lounge, and games room - all features that strengthen retention and support premium rental positioning. The building's prime location delivers immediate walkability to Kingston's top dining, retail, and waterfront trails, reducing vacancy risk and sustaining demand across market cycles. A well-maintained suite in anamenity-rich building at this address represents a long-term hold in a high-demand urban corridor.

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BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
Style1 Storey/Apt
Approx. Age31-50
Size1000-1199 sq. ft.
Maintenance Fees$919
LockerNone
BalconyOpen
ExposureEast
Parking TypeUnderground
Parking Spaces1
Parking FeaturesPrivate, Reserved/Assigned
Property Tax$4,641
mls© NumberX14030618
Listed ByRE/MAX FINEST REALTY INC., BROKERAGE
Common Elements Included
Building Insurance Included
Water Included
Parking 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%
$2,917
Property tax
$387
Heat allowance
$150
Condo fees, half counted
$459
Housing costs
$3,913 / mo

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

Down payment20% · $113,980
25-yr amortization

Income needed

$120,000

gross annual household income

Payment at 4%
$2,398 / mo
Cash down
$113,980

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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