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New3 days ago

85 Hamilton Street

22 - East of Sir John A. Blvd, Kingston

$1,075,000

Detached|2-Storey
8 | 4 | 4
About this home

Two residential buildings, eight bedrooms, four full bathrooms and $105,600 in gross annual rental income, all less than one kilometer from Queen's University's main campus. Fully leased with an established history of rental demand, 85 Hamilton Street combines the character of a detached brick home with the benefits of a newer, separate rear building.The front house offers four bedrooms, two full bathrooms and two living areas. The rear building provides four bedrooms and two full bathrooms across two floors, each with its own separate entrance and spacious, functional living areas. Set on a generous, pie-shaped lot, the buildings frame an inviting shared outdoor space that gives the property a welcoming residential feel. Each building has its own driveway and parking. Low-maintenance exteriors, modern HVAC systems and newer metal roofs add practical appeal to this manageable income property in central Kingston.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. Age0-5
Size3000-3500 sq. ft.
Property Tax$6,598
Lot Size54 ft x 150 ft
mls© NumberX14088604
Listed BySUTTON GROUP-MASTERS 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%
$5,502
Property tax
$550
Heat allowance
$150
Housing costs
$6,202 / mo

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

Down payment20% · $215,000
25-yr amortization

Income needed

$191,000

gross annual household income

Payment at 4%
$4,524 / mo
Cash down
$215,000

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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