244 King Street Unit 2, Kingston

Price: $605,000

2 bedrooms, 1 bathrooms

1,200 sqft

Property Type: Condo

MLS#: X13002882

This two-storey condo in the Kilborn offers a well-located option in downtown Kingston within walking distance of shops, restaurants, and the waterfront. The layout spans two levels, providing separation between living and sleeping spaces. The main level features a living room with a gas fireplace, eating area, laundry closet and functional kitchen. Exposed brick walls add texture and character to the space. Natural light comes in from the south facing balcony and large windows. Upstairs are two bedrooms and a full bathroom, with practical proportions suitable for a range of uses, including a home office or guest room. This condo includes one assigned exterior parking space. A beautiful property in a central location, with distinct architectural details and convenient access to downtown amenities. This home is now ready for new owners and new memories!

244 King Street Unit 2 - Condo photo 1 of 17 in Kingston, Ontario
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$605,000 - 244 King Street Unit 2, Kingston

Condo for Sale in Kingston

86 days on market

Neighbourhood: 14 - Central City East

2Beds
1Baths
1,200Sq Ft
Condo
Property Details
MLS Number
X13002882
Property Type
Condo
Status
active
Days on Site
86
Bedrooms
2
Bathrooms
1
Square Feet
1,200 sqft
Neighbourhood
Kingston
Locker
None
Exposure
North
Balcony
Open
Listing Brokerage
ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
Description

This two-storey condo in the Kilborn offers a well-located option in downtown Kingston within walking distance of shops, restaurants, and the waterfront. The layout spans two levels, providing separation between living and sleeping spaces. The main level features a living room with a gas fireplace, eating area, laundry closet and functional kitchen. Exposed brick walls add texture and character to the space. Natural light comes in from the south facing balcony and large windows. Upstairs are two bedrooms and a full bathroom, with practical proportions suitable for a range of uses, including a home office or guest room. This condo includes one assigned exterior parking space. A beautiful property in a central location, with distinct architectural details and convenient access to downtown amenities. This home is now ready for new owners and new memories!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$3,103.96/mo

Includes CMHC insurance ($16,880)

$
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5-yr fixed avg.

Principal: $544,500Interest: $369,810
Mortgage Amount$561,380
Total Interest$369,810
Est. Property Tax$429/mo
Total Cost$931,189

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: 14 - Central City East

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

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

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.

70
Walk Score
Varies
Price Range

244 King Street Unit 2, Kingston

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,520/mo
Range: $2,142 - $2,898
Cap Rate (ROI)
2.4%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,520
Maintenance Fees-$780
Property Tax (est.)-$429
Insurance (est.)-$126
Net Cash Flow+$1,185

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 $504/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 86 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 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 $2,521 (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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    244 King Street Unit 2, Kingston | $605,000 | Battaglia Team