$549,900

For saleJust listed

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120 Jean Worrell Crescent, Kingston (Rideau) - Single Family for Sale

120 Jean Worrell Crescent, Kingston (Rideau), Ontario, K7K6T3

beds

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3 bd1 ba3 pk900 ft²Lot size 40 × 110 ft (4,404 sq ft)

Listed by RE/MAX FINEST REALTY INC., BROKERAGE

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$449K

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Listed by SUTTON GROUP-MASTERS REALTY INC., BROKERAGE

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For saleJust listed

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3 bd2 ba3 pk900 ft²Lot size 75 × 109 ft (8,175 sq ft)

Listed by SUTTON GROUP-MASTERS REALTY INC., BROKERAGE

1302 Montreal Street, Kingston (Rideau), Ontario, K7K3L6

For sale

9 days ago

$540K

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3 bd2 ba5 pk1,300 ft²Lot size 50 × 110 ft (5,510 sq ft)

Listed by RE/MAX RISE EXECUTIVES, BROKERAGE

Investment analysis

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$549,900

Kingston

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Description

Welcome to 120 Jean Worrell Crescent! This versatile property offers an excellent opportunity for investors, multi-generational families or buyers looking to offset their mortgage with rental income. The main level features 3 bedrooms a large living room & open concept kitchen, while the lower level offers a self-contained in-law suite with 1 bedroom, its own kitchen and a separate entrance. The basement is currently vacant, providing flexibility for an owner-occupant or the opportunity to establish a new rental arrangement. The upper-level tenants are long-term occupants currently paying $1,600/month. Situated on a huge pie-shaped lot, the property also features a fully fenced backyard with plenty of outdoor space to enjoy. A fantastic opportunity to own a property with income potential and room to grow! (id:66096)

Property Details

MLS®: X14139406
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 2
Parking: 6
Interior Size: 1,300 ft²
Lot Size: 20 × 147 ft (2,999 sq ft)
Frontage: 20 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Walk out, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $2,623/yr
Listed: 2 days ago

Rooms

Main level

Living room: 6.1 x 3.7 meters
Bedroom: 3.1 x 3.7 meters
Bedroom: 2.9 x 5.1 meters
Bedroom: 3.2 x 3.7 meters
Bathroom: 2.1 x 1.8 meters
Kitchen: 2.6 x 3.6 meters

Lower level

Living room: 6.2 x 3.9 meters
Bathroom: 3.2 x 1.9 meters
Bedroom: 4.2 x 3.9 meters
Kitchen: 2.9 x 3.7 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Market Timing

Days on market

Kingston (Rideau) listings, avg age

42d

Price / ft²

$423

List price

$550K

Homes here sell faster than most markets

Sold homes in this market spent an average of 36 days on the market over the past year, against a median of 48 days across the markets we publish.

Area context

Neighbourhood profile (K7K)

This home lists at $549,900, about 8.2× the local median household income of $67,000.

Carrying it typically needs a household income of about $107,415 (20% down, 25-yr amortization, stress-tested) — roughly 60% above the area median.

Median household income: $67,000
Population: 33,705
Median age: 37.2
Owner / renter: 44% / 56%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA K7K)

$549,900· $423/ft²

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Full Cost Breakdown

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Down Payment5.45% · $29,990.00

Min 5.45%50%

Mortgage payment$2,882/mo

↳ CMHC premium ($20,796 capitalized)

Property tax (est.)$219/mo

Total monthly$3,101

Cash Needed to Close

Down payment (5.45%)$29,990

Land transfer tax$7,473

Est. closing costs$4,150

Total cash needed$41,613

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

120 Jean Worrell Crescent, Kingston (Rideau) - Single Family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (K7K)

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Full Cost Breakdown