$279,900

For sale

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#9 116 Notch Hill Road, Kingston (Central City West) - Single Family for Sale

#9 116 Notch Hill Road, Kingston (Central City West), Ontario, K7M2X1

4 beds3 baths parking

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Investment analysis

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$279,900

Kingston

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Description

Opportunity knocks! This city centre townhouse offers a wonderful opportunity for a owner occupied purchase, those looking for student living but also those seeking a solid investment. This 3+1 bedroom and 3 bathroom condo townhome is currently rented for $2600/month and tenants will stay for the investor or move for those seeking to occupy. The spacious main floor has a large living room, kitchen and dining space as well as a bathroom and access to the courtyard style fenced rear yard. 3 bedrooms and full bathroom upstairs and the lower level gives you another bathroom, bedroom/rec-room and laundry room. The condo board has just installed a new roof. Parking and water included in monthly fees. Located on public transportation and schools are just a stones throw from this location. Being in midtown Kingston and close to the college and university is a major plus. Grab this affordable opportunity to see yourself in home ownership or try your hands at your first investment. (id:66096)

Property Details

MLS®: X13877726
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 3
Half Baths: 1
Parking: 1
Interior Size: 1,100 ft²
Storeys: 2
Basement: Partially finished, Full
Heating: Heat Pump, Baseboard heaters, Electric
Cooling: Wall unit
Garage: No Garage
Condo Fee: $560/mo
Fee Includes: Common Area Maintenance, Water, Parking
Ownership: Condo/Strata
Property Tax: $2,479.4/yr
Listed: 27 days ago

Rooms

Main level

Living room: 4 x 3.53 meters
Dining room: 3.05 x 3.53 meters
Kitchen: 3.05 x 1.7 meters
Bathroom: 0.7 x 1.9 meters

Lower level

Bathroom: 1.26 x 1.67 meters
Recreational, Games room: 5.26 x 3.96 meters
Laundry room: 5.26 x 2.97 meters

Upper Level

Primary Bedroom: 4.52 x 3.05 meters
Bedroom 2: 2.97 x 2.69 meters
Bedroom 3: 2.44 x 4.09 meters
Bathroom: 2.56 x 1.57 meters

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

Market Timing

Days on market

27d

Kingston (Central City West) listings, avg age

69d

Price / ft²

$255

List price

$280K

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.

Area context

Neighbourhood profile (K7M)

This home lists at $279,900, about 3.6× the local median household income of $77,500.

Carrying it typically needs a household income of about $54,674 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $77,500
Population: 49,268
Median age: 44.4
Owner / renter: 57% / 43%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA K7M)

$279,900· $255/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $13,995

Min 5%50%

Mortgage payment$1,474/mo

↳ CMHC premium ($10,636 capitalized)

Property tax (est.)$207/mo

Condo fee$560/mo

Total monthly$2,241

Cash Needed to Close

Down payment (5%)$13,995

Land transfer tax$2,674

Est. closing costs$3,340

Total cash needed$20,009

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#9 116 Notch Hill Road, Kingston (Central City West) - Single Family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (K7M)

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Full Cost Breakdown