102 Calderwood Drive, Kingston

Price: $500,000

5 bedrooms, 2 bathrooms

700 - 1,099 sqft

Property Type: Detached

MLS#: X13488228

Prime investment opportunity in a highly sought-after location directly across from St. Lawrence College and just minutes from Queen's University's West Campus. This well-maintained 5-bedroom home is fully tenanted until April 2027, offering immediate and stable rental income for investors. The property features five spacious bedrooms, parking for up to three vehicles, and numerous updates for peace of mind. The roof was replaced in 2017, and all aluminum wiring has been professionally pigtailed by a qualified electrician. Its unbeatable location provides easy access to St. Lawrence College, Queen's University West Campus, public transit, shopping, restaurants, and other essential amenities, making it an attractive rental property for students and young professionals alike. Whether you're looking to expand your investment portfolio or secure a property in one of Kingston's strongest rental corridors, this turnkey income property is one you won't want to miss.

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$500,000 - 102 Calderwood Drive, Kingston

Detached for Sale in Kingston

Neighbourhood: 18 - Central City West

5Beds
2Baths
700 - 1,099Sq Ft
Detached
Property Details
MLS Number
X13488228
Property Type
Detached
Status
active
Days on Site
15
Bedrooms
5
Bathrooms
2
Square Feet
700 - 1,099 sqft
Neighbourhood
Kingston
Listing Brokerage
ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
Description

Prime investment opportunity in a highly sought-after location directly across from St. Lawrence College and just minutes from Queen's University's West Campus. This well-maintained 5-bedroom home is fully tenanted until April 2027, offering immediate and stable rental income for investors. The property features five spacious bedrooms, parking for up to three vehicles, and numerous updates for peace of mind. The roof was replaced in 2017, and all aluminum wiring has been professionally pigtailed by a qualified electrician. Its unbeatable location provides easy access to St. Lawrence College, Queen's University West Campus, public transit, shopping, restaurants, and other essential amenities, making it an attractive rental property for students and young professionals alike. Whether you're looking to expand your investment portfolio or secure a property in one of Kingston's strongest rental corridors, this turnkey income property is one you won't want to miss.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,565.26/mo

Includes CMHC insurance ($13,950)

$
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5%10%50%

5-yr fixed avg.

Principal: $450,000Interest: $305,628
Mortgage Amount$463,950
Total Interest$305,628
Est. Property Tax$354/mo
Total Cost$769,578

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: 18 - Central City West

Discover 18 - Central City West

18 - Central City West is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in 18 - Central City West

  • Convenient location in Kingston
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

18 - Central City West offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

102 Calderwood Drive, Kingston

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,600/mo
Range: $3,060 - $4,140
Cap Rate (ROI)
7.5%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$3,600
Maintenance Fees-$0
Property Tax (est.)-$354
Insurance (est.)-$104
Net Cash Flow+$3,142

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $714/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Market Position

At 15 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.

Detached Home Advantages

Detached homes in Kingston are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.

Efficient Living

At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

Excellent Flexibility

With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Kingston.

About 18 - Central City West

I know 18 - Central City West well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.

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    102 Calderwood Drive, Kingston | $500,000 | Battaglia Team