$285,000

For sale

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#525 652 Princess Street, Kingston (Central City East) - Single Family for Sale

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Investment analysis

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$285,000

Kingston

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Overview

This 1-bedroom, 1-bathroom condo in Kingston is for sale offering roughly 550 sq ft of space. Listed at $285,000, it is attractively priced about 36% below the $445,000 median asking price in Kingston. It has been on the market 15 days, fresher than the Kingston average of 59 days.

Condos for Sale in Kingston →All real estate in Kingston →

Description

Welcome to urban living at its finest in the heart of downtown Kingston! Ideal turn-key opportunity for students, healthcare professionals, or savvy investors. This fully furnished condo offers ultimate convenience-walk to Queen's University, Kingston General Hospital, Historic Market Square, and a vibrant strip of local shops and restaurants. The suite comes completely turn-key with all furnishings and appliances included. Enjoy remarkably low condo fees that include high-speed wi-fi! Outstanding building amenities include a rooftop patio with BBQ grills, a fully equipped fitness centre, and secure underground bike storage. Move right in or start generating rental income immediately in one of Kingston's most desirable locations! (id:66096)

Property Details

MLS®: X14097544
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Underground, No Garage
Condo Fee: $357/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $3,766.91/yr
Listed: 15 days ago

Market Timing

Days on market

15d

Kingston (Central City East) listings, avg age

59d

Price / ft²

$519

List price

$285K

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.

Area context

Neighbourhood profile (K7L)

This home lists at $285,000, about 3.9× the local median household income of $72,500.

Carrying it typically needs a household income of about $55,670 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$285,000· $519/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $14,250

Min 5%50%

Mortgage payment$1,501/mo

↳ CMHC premium ($10,830 capitalized)

Property tax (est.)$314/mo

Condo fee$357/mo

Total monthly$2,172

Cash Needed to Close

Down payment (5%)$14,250

Land transfer tax$2,750

Est. closing costs$3,355

Total cash needed$20,355

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

#525 652 Princess Street, Kingston (Central City East) - Single Family for Sale

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Neighbourhood profile (K7L)

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