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$2,200,000
Kingston
279 Frontenac Street, Kingston (Central City East), Ontario, K7L3S9
This 10-bedroom, 4-bathroom home in Kingston is for sale offering roughly 2,250 sq ft of space.
This is an exceptional opportunity to capture any investor's attention. Ideally located just one block from Queen's University, the property offers strong, consistent rental appeal in one of the city's most sought-after areas. Situated on a generous 66 x 165 ft lot, the property features an eight-bedroom tenanted home, along with an attached converted garage that has been thoughtfully configured into a separate two-bedroom unit. Both the main house and apartment have been well maintained and consistently rented year after year through word of mouth, reflecting the strength of the location and ongoing demand. Recent improvements include a completely renovated second-floor bathroom. The property is serviced by a boiler system that heats both the house and apartment, and the asphalt roof is approximately eight years old. In addition to its current use, the property offers notable future potential with the possibility of severance. The lot size and configuration present an exciting opportunity for those looking to explore redevelopment in a prime location. Financials, J RICHARDS "High-Level Planning Review" and City of Kingston -Planning Report outline this future potential in the documents section. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 182 days on market, against an average age of 61 days across the listings currently for sale in this city
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.
This 10-bed single family in Kingston (Central City East) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $2,200,000, about 30.3× the local median household income of $72,500.
Carrying it typically needs a household income of about $429,737 (20% down, 25-yr amortization, stress-tested) — roughly 493% above the area median.
Source: Statistics Canada, 2021 Census (FSA K7L)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.