$420,000

For sale

27 Stephen Street, Kingston (East of Sir John A. Blvd) - Multi-family for Sale

27 Stephen Street, Kingston (East of Sir John A. Blvd), Ontario, K7K2C2

3 beds2 baths4 parking1,750 ft²40 × 93 ft (3,720 sq ft) lot sizeListed 43 days ago

Overview

This multi-family property in Kingston is for sale offering roughly 1,750 sq ft of space. It has been on the market 43 days, fresher than the Kingston average of 86 days.

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Description

Convenient location within walking distance to vibrant downtown Kingston, Queen's University, KGH, schools, parks and the Memorial Centre. Steps to a main bus route. This two storey property with private driveway and parking for 4 cars is currently used as a rented duplex with a tenanted two bedroom, one bathroom unit on the main level and a tenanted one bedroom, on bath unit on the upper level. Both tenants are on month to month. Laundry set up on the main level can be accessed by both tenants. Newer gas furnace installed 2018, metal roof on main building installed in 2021. Two electrical breaker panels. Looking to get into Kingston's housing market? This could be your opportunity! (id:66096)

Property Details

MLS®: X13815502
Property Type: Multi-family
Zoning: UR5
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 4
Interior Size: 1,750 ft²
Lot Size: 40 × 93 ft (3,720 sq ft)
Frontage: 40 ft
Storeys: 2
Basement: Unfinished, Partial
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Property Tax: $3,708.55/yr
Listed: 43 days ago

Rooms

Main level

Laundry room: 1.44 x 2.37 meters
Bedroom: 3.55 x 3.15 meters
Bedroom: 3.85 x 3.35 meters
Kitchen: 2.95 x 3.52 meters
Other: 1.04 x 1.75 meters
Living room: 3.76 x 3.11 meters

Upper Level

Bedroom: 3.09 x 2.95 meters
Bathroom: 1.9 x 1.69 meters
Living room: 3.86 x 3.52 meters
Kitchen: 3.84 x 2.37 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, Stove
Foundation: Stone
Exterior: Stucco
Lot Features: Level

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

43d

Kingston (East of Sir John A. Blvd) listings, avg age

86d

Price / ft²

$240

List price

$420K

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.

Haho

This 3-bed multi-family in Kingston (East of Sir John A. Blvd) has been listed for 43 days, which is 43 days fresher than the city average of 86. Act while there is still low competition.

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Listed by ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE · KAREN LINTON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K7K)

This home lists at $420,000, about 6.3× the local median household income of $67,000.

Carrying it typically needs a household income of about $82,041 (20% down, 25-yr amortization, stress-tested) — roughly 22% 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)

$420,000· $240/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $21,000

Min 5%50%

Mortgage payment$2,212/mo

↳ CMHC premium ($15,960 capitalized)

Property tax (est.)$309/mo

Total monthly$2,521

Cash Needed to Close

Down payment (5%)$21,000

Land transfer tax$4,875

Est. closing costs$3,760

Total cash needed$29,635

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