$889,900

For sale

236 COLLINGWOOD Street, Kingston (Central City East) - Single Family for Sale

236 COLLINGWOOD Street, Kingston (Central City East), Ontario, K7L3X8

7 beds3 baths2 parking1,750 ft²49 × 97 ft (4,757 sq ft) lot sizeListed 55 days ago

Overview

This 7-bedroom, 3-bathroom home in Kingston is for sale offering roughly 1,750 sq ft of space. It has been on the market 55 days, fresher than the Kingston average of 60 days.

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Description

Prime Queen's location with an exceptional investment opportunity! This spacious 7 bedroom, 2 kitchen property offers 5 bedrooms on the main level plus 2 additional bedrooms in the lower level, providing an ideal setup for student or multi-tenant rental accommodation. Currently generating approximately $6,220/month in rental income, making this an attractive addition to any investor's portfolio. The property also features a garage and is situated in a highly sought after area close to Queen's University, downtown Kingston, shopping, restaurants and amenities. A rare opportunity to own a well-positioned income property in one of Kingston's most desirable rental locations. (id:66096)

Property Details

MLS®: X13767888
Property Type: Single Family
Zoning: RES
Bedrooms: 7
Beds (above / below): 5 above · 2 below
Bathrooms: 3
Half Baths: 1
Parking: 2
Interior Size: 1,750 ft²
Lot Size: 49 × 97 ft (4,757 sq ft)
Frontage: 49 ft
Storeys: 1
Style: Bungalow
Basement: Finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership

Rooms

Main level

Living room: 6.38 x 5.99 meters
Dining room: 2.52 x 3.76 meters
Kitchen: 3.3 x 3.48 meters
Primary Bedroom: 4.01 x 2.87 meters
Bathroom: 1.3 x 0.96 meters
Bathroom: 2.91 x 2 meters
Bedroom: 3.51 x 2.92 meters
Bedroom: 3.51 x 2.95 meters
Bedroom: 2.72 x 3.33 meters
Bedroom: 2.95 x 3.51 meters

Basement

Features

Appliances: Washer, Refrigerator, Stove, Dryer
Foundation: Brick
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

55d

Kingston (Central City East) listings, avg age

60d

Price / ft²

$509

List price

$890K

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.

Haho

This 7-bed single family in Kingston (Central City East) has been listed for 55 days, which is 5 days fresher than the city average of 60. Act while there is still low competition.

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Listed by RE/MAX FINEST REALTY INC., BROKERAGE · SEAN MURPHY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K7L)

This home lists at $889,900, about 12.3× the local median household income of $72,500.

Carrying it typically needs a household income of about $173,829 (20% down, 25-yr amortization, stress-tested) — roughly 140% above the area median.

Median household income: $72,500
Population: 19,621
Median age: 40
Owner / renter: 46% / 54%
Avg. household size: 2

Source: Statistics Canada, 2021 Census (FSA K7L)

$889,900· $509/ft²

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment7.19% · $63,990.00

Min 7.19%50%

Mortgage payment$4,579/mo

↳ CMHC premium ($33,036 capitalized)

Property tax (est.)$807/mo

Total monthly$5,386

Cash Needed to Close

Down payment (7.19%)$63,990

Land transfer tax$14,273

Est. closing costs$5,170

Total cash needed$83,433

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