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22 - East of Sir John A. Blvd, Kingston
$1,075,000
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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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 0-5 |
| Size | 3000-3500 sq. ft. |
| Property Tax | $6,598 |
| Lot Size | 54 ft x 150 ft |
| mls© Number | X14088604 |
| Listed By | SUTTON 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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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