$1,200,000

For sale

364 Brock Street, Kingston - Single Family for Sale

364 Brock Street, Kingston, Ontario, K7L1T1

8 beds2 baths5 parking2,250 ft²29 × 132 ft (3,788 sq ft) lot sizeListed 33 days ago

Overview

This 8-bedroom, 2-bathroom home in Kingston is for sale offering roughly 2,250 sq ft of space. It has been on the market 33 days, fresher than the Kingston average of 65 days.

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Description

An exceptional student housing investment in Kingston's University District, just a 3-minute walk to Queen's University and 2 minutes from the Hub entertainment district, with a grocery store and pharmacy within one block. This 8-bedroom home generates $9,400 per month ($112,800 annually). Tenants pay all utilities, and the current lease runs until April 30, 2027. The home features 2 kitchens, 2 living areas, 2 bathrooms and a 3rd floor primary Loft Suite. Originally designed as 2 separate units, it may offer the option to convert back (buyer to verify). Parking for 5 includes 3 tenant spaces plus 2 spaces rented separately at $100/month each. Their regular U-shaped lot adds possible future development potential. This is exactly where students want to live and investors want to own. (id:66096)

Property Details

MLS®: X13857066
Property Type: Single Family
Zoning: URM3
Bedrooms: 8
Beds (above / below): 8 above · 0 below
Bathrooms: 2
Parking: 5
Interior Size: 2,250 ft²
Lot Size: 29 × 132 ft (3,788 sq ft)
Frontage: 29 ft
Storeys: 2
Basement: Unfinished, Full
Heating: Natural gas
Cooling: None
Garage: No Garage
Ownership: Freehold
Property Tax: $9,985.8/yr
Listed

Rooms

Main level

Bedroom: 4.39 x 3.81 meters
Bedroom: 3.86 x 3.75 meters
Bedroom: 4.39 x 2.66 meters
Kitchen: 5.01 x 3.66 meters
Bathroom: 1.75 x 1.73 meters
Living room: 3.99 x 3.64 meters

Second level

Kitchen: 3.71 x 2.96 meters
Living room: 4.46 x 3.89 meters
Bedroom: 4.43 x 2.67 meters
Bedroom: 3.42 x 3.18 meters

Features

Appliances: Refrigerator, Water meter, Stove
Foundation: Stone, Block, Concrete
Exterior: Brick

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

33d

Kingston listings, avg age

65d

Price / ft²

$533

List price

$1.20M

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 8-bed single family in Kingston has been listed for 33 days, which is 32 days fresher than the city average of 65. Act while there is still low competition.

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Listed by RE/MAX FINEST REALTY INC., BROKERAGE · RICHARD GALLAGHER

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K7L)

This home lists at $1,200,000, about 16.6× the local median household income of $72,500.

Carrying it typically needs a household income of about $234,402 (20% down, 25-yr amortization, stress-tested) — roughly 223% 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)

$1,200,000· $533/ft²

For sale

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Full Cost Breakdown

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Down Payment7.92% · $95,000

Min 7.92%50%

Mortgage payment$6,126/mo

↳ CMHC premium ($44,200 capitalized)

Property tax (est.)$832/mo

Total monthly$6,958

Cash Needed to Close

Down payment (7.92%)$95,000

Land transfer tax$20,475

Est. closing costs$6,100

Total cash needed$121,575

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