2 Bay Street Unit 202, Kingston

Price: $574,500

2 bedrooms, 2 bathrooms

1,000 sqft

Property Type: Condo

MLS#: X13122162

A rare opportunity to own a beautifully maintained suite in the historic Bajus Condominiums, ideally located steps from Kingston's vibrant downtown core and Queen's University. This bright and spacious 2 bedroom, 2 bathroom condo offers exceptional convenience, character, and long term stability with a secure tenancy in place until September 30, 2026, at $2,675/month inclusive. The unit features a well designed layout with generous living spaces, a functional kitchen, and two full bathrooms-ideal for professionals, downsizers, or investors seeking a turnkey asset. Included with the suite are one parking space and a dedicated storage locker, providing valuable added convenience. Residents of Bajus enjoy an impressive selection of amenities, including a rooftop patio, fitness room, sauna, lounge, hobby room, and more. The building's prime location offers easy access to downtown shops, restaurants, waterfront trails, hospitals, and campus, making it one of Kingston's most desirable condo addresses. An ideal blend of heritage charm and modern amenities, all within steps of Kingston's best dining, shopping, and waterfront trails.

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$574,500 - 2 Bay Street Unit 202, Kingston

Condo for Sale in Kingston

58 days on market

Neighbourhood: 22 - East of Sir John A. Blvd

2Beds
2Baths
1,000Sq Ft
Condo
Property Details
MLS Number
X13122162
Property Type
Condo
Status
active
Days on Site
58
Bedrooms
2
Bathrooms
2
Square Feet
1,000 sqft
Neighbourhood
Kingston
Locker
Exclusive
Exposure
South
Balcony
Open
Listing Brokerage
ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
Description

A rare opportunity to own a beautifully maintained suite in the historic Bajus Condominiums, ideally located steps from Kingston's vibrant downtown core and Queen's University. This bright and spacious 2 bedroom, 2 bathroom condo offers exceptional convenience, character, and long term stability with a secure tenancy in place until September 30, 2026, at $2,675/month inclusive. The unit features a well designed layout with generous living spaces, a functional kitchen, and two full bathrooms-ideal for professionals, downsizers, or investors seeking a turnkey asset. Included with the suite are one parking space and a dedicated storage locker, providing valuable added convenience. Residents of Bajus enjoy an impressive selection of amenities, including a rooftop patio, fitness room, sauna, lounge, hobby room, and more. The building's prime location offers easy access to downtown shops, restaurants, waterfront trails, hospitals, and campus, making it one of Kingston's most desirable condo addresses. An ideal blend of heritage charm and modern amenities, all within steps of Kingston's best dining, shopping, and waterfront trails.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,947.48/mo

Includes CMHC insurance ($16,029)

$
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5%10%50%

5-yr fixed avg.

Principal: $517,050Interest: $351,166
Mortgage Amount$533,079
Total Interest$351,166
Est. Property Tax$407/mo
Total Cost$884,245

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.

Ready to get pre-approved?

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Neighbourhood Guide: 22 - East of Sir John A. Blvd

Discover 22 - East of Sir John A. Blvd

22 - East of Sir John A. Blvd 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 22 - East of Sir John A. Blvd

  • 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

22 - East of Sir John A. Blvd 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

2 Bay Street Unit 202, Kingston

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,360/mo
Range: $2,006 - $2,714
Cap Rate (ROI)
2.5%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,360
Maintenance Fees-$650
Property Tax (est.)-$407
Insurance (est.)-$120
Net Cash Flow+$1,183

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 $575/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.

Negotiation Opportunity

At 58 days on site, this property has exceeded the typical selling timeline for Kingston. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.

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 22 - East of Sir John A. Blvd

I know 22 - East of Sir John A. Blvd 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 $2,394 (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.

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    2 Bay Street Unit 202, Kingston | $574,500 | Battaglia Team