$649,900

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17 SHAW Street, Kingston (Rideau) - Multi-family for Sale

17 SHAW Street, Kingston (Rideau), Ontario, K7K4Y5

4 beds2 baths5 parking lot size

88 JOSEPH Street, Kingston (Rideau), Ontario, K7K2H7

7 bd4 ba6 pk1,300 ft²Lot size 44 × 165 ft (7,260 sq ft)

Listed by EXP REALTY, BROKERAGE

Investment analysis

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$649,900

Kingston

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Description

Tired of paying rent!? This fully renovated all-brick duplex is the answer. Featuring 2 bedrooms up, 2 bedrooms down, and separate laundry, utilities, and parking, this home is an ideal investment. Live upstairs with the private deck and collect $1,836+ towards your mortgage from the tenants below. With their open layouts, bright windows, large yard, and quiet neighbours, these units are easy to rent. The lower unit features a rear walk-out. Both units include lots of closet storage space and are just a short walk to public transit or drive to downtown and the 401. Don't miss this great investment opportunity. Call today for your private showing. (id:66096)

Property Details

MLS®: X13632464
Property Type: Multi-family
Bedrooms: 4
Beds (above / below): 2 above · 2 below
Bathrooms: 2
Parking: 5
Lot Size: 50 × 206 ft (10,315 sq ft)
Frontage: 50 ft
Storeys: 1
Style: Raised bungalow
Basement: Finished, Full, Separate entrance, Walk out, N/A, N/A
Heating: Baseboard heaters, Electric
Cooling: None
Garage: No Garage
Property Tax: $3,146.66/yr
Listed: 92 days ago

Rooms

Main level

Kitchen: 3.73 x 2.67 meters
Dining room: 2.98 x 2.13 meters
Living room: 3.83 x 3.71 meters
Primary Bedroom: 3.61 x 3.98 meters
Bedroom 2: 3.25 x 2.92 meters
Bathroom: 2.18 x 1.52 meters

Basement

Bathroom: 2.12 x 1.51 meters
Laundry room: 1.53 x 2.69 meters
Kitchen: 3.19 x 2.62 meters
Living room: 3.63 x 3.66 meters
Primary Bedroom: 3.62 x 2.85 meters
Bedroom 2: 2.9 x 3.07 meters

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

Features

Appliances: Washer, Refrigerator, Water meter, Stove, Dryer, Water Heater
Foundation: Concrete
Exterior: Brick
Lot Features: Level lot, Wooded area, Flat site, Level, Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

92d

Kingston (Rideau) listings, avg age

42d

List price

$650K

Homes here sell faster than most markets

Sold homes in this market spent an average of 35 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 $649,900, about 9.7× the local median household income of $67,000.

Carrying it typically needs a household income of about $126,948 (20% down, 25-yr amortization, stress-tested) — roughly 89% 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)

$649,900

For sale

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Full Cost Breakdown

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Down Payment6.15% · $39,990

Min 6.15%50%

Mortgage payment$3,381/mo

↳ CMHC premium ($24,396 capitalized)

Property tax (est.)$262/mo

Total monthly$3,644

Cash Needed to Close

Down payment (6.15%)$39,990

Land transfer tax$9,473

Est. closing costs$4,450

Total cash needed$53,913

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17 SHAW Street, Kingston (Rideau) - Multi-family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (K7K)

Book a showing

Full Cost Breakdown