$1,987,900 - 165 Ontario Street Unit 505, Kingston
Condo for Sale in Kingston
31 days on marketNeighbourhood: 14 - Central City East
- MLS Number
- X13248688
- Property Type
- Condo
- Status
- active
- Days on Site
- 31
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,800 sqft
- Neighbourhood
- Kingston
- Locker
- Common
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
Step into Unit 505 at 165 Ontario Street, an expansive 1,870 sq. ft. waterfront residence overlooking Lake Ontario and offering sweeping views of Kingston's historic harbour. Completely reimagined by the acclaimed team at Reid & Siemonsen, this two bedroom plus den condominium showcases a full top to bottom transformation with exceptional craftsmanship and modern architectural detailing throughout. Flooded with natural light from oversized south facing windows, the open concept layout features two private balconies overlooking the bay, creating a seamless connection to the outdoors. Thoughtful design elements include negative reveals around door frames and baseboards for a clean, contemporary profile, custom millwork with hand selected black walnut, and glass partitions that enhance light flow between the dining area and TV room. The kitchen is anchored by fully custom cabinetry, high end architectural hardware, and a flush mounted induction cooktop integrated beneath the countertop surface. The great room and dining area offer generous space for entertaining, while the primary suite provides a serene retreat with a walk in closet, balcony access, and a striking Venetian plaster fireplace that adds warmth and texture. The ensuite features a deep tub and refined finishes, while a second full 4 piece bathroom serves guests and the additional bedroom. In suite laundry and a walk in pantry/storage room add to the home's exceptional functionality. Large format polished porcelain flooring with soft veining evokes the movement of water, complementing the home's waterfront setting. Layered accent and ambient lighting create mood and depth throughout. Residents of The Landmark enjoy underground parking, an indoor pool, sauna, fitness centre, library, games and party rooms, and immediate access to Kingston's vibrant downtown, restaurants, and waterfront trails. Unit 505 offers a rare blend of luxury, space, and design excellence in one of Kingston's most desirable locations.
Estimate your monthly payments for this property
Estimated Payment
$8,793.15/mo
5-yr fixed avg.
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.
Discover 14 - Central City East
14 - Central City East 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 14 - Central City East
- •Convenient location in Kingston
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
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
14 - Central City East 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.
165 Ontario Street Unit 505, Kingston
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Monthly Cash Flow Breakdown
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's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $1104/sqft, this property is priced in line with current Kingston market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 31 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.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
About 14 - Central City East
I know 14 - Central City East 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.
Investment Perspective
Looking at this as an investment: Kingston properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $8,283 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.