$445,000

For sale

#312 501 Frontenac Street, Kingston (Central City East) - Single Family for Sale

#312 501 Frontenac Street, Kingston (Central City East), Ontario, K7K4L9

2 beds1 bath1 parking850 ft²$528/mo condo feeListed 35 days ago

Overview

This 2-bedroom, 1-bathroom condo in Kingston is for sale offering roughly 850 sq ft of space. Its $445,000 asking price sits right in line with the $445,000 median in Kingston. It has been on the market 35 days, fresher than the Kingston average of 60 days.

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Description

Excellent time to investment or call it a home for this 2-bedroom, 2-bathroom condo, with a living area. 800-899 square ft., Currently rented for $2400/ month. Excellent location, within proximity to Queen's University and downtown Kingston. Suitable for a smart investment or an Inviting, comfortable home, recession-proof investment. Investors can take advantage of buying property with the tenant. Spacious kitchen with granite countertops, in-suite laundry, bright living room with windows that fill the space with natural light. The building offers impressive amenities, including a stylish common area, a fully equipped gym, and the convenience of an owned underground parking spot. PROPERTY IS TENANTED, 24 HOURS NOTICE IS REQUIRED FOR ALL SHOWINGS. (id:66096)

Property Details

MLS®: X13849768
Property Type: Single Family
Zoning: B3.452
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 850 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: None
Garage: Underground, No Garage
Condo Fee: $528/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $4,084.78/yr
Listed: 35 days ago

Rooms

Main level

Kitchen: 3.84 x 4.52 meters
Living room: 3.07 x 3.48 meters
Primary Bedroom: 4.85 x 3.02 meters
Bedroom: 4.24 x 2.9 meters

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

Features

Flooring: Laminate
Exterior: Brick
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

35d

Kingston (Central City East) listings, avg age

60d

Price / ft²

$524

List price

$445K

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 2-bed single family in Kingston (Central City East) has been listed for 35 days, which is 25 days fresher than the city average of 60. Act while there is still low competition.

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Listed by HOMELIFE SUPERSTARS REAL ESTATE LIMITED · RIKI GOGNA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K7K)

This home lists at $445,000, about 6.6× the local median household income of $67,000.

Carrying it typically needs a household income of about $86,924 (20% down, 25-yr amortization, stress-tested) — roughly 30% 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)

$445,000· $524/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $22,250

Min 5%50%

Mortgage payment$2,344/mo

↳ CMHC premium ($16,910 capitalized)

Property tax (est.)$340/mo

Condo fee$528/mo

Total monthly$3,213

Cash Needed to Close

Down payment (5%)$22,250

Land transfer tax$5,375

Est. closing costs$3,835

Total cash needed$31,460

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