31 Montgomery Boulevard, Kingston

Price: $1,099,900

10 bedrooms, 6 bathrooms

2,000 - 2,499 sqft

Property Type: Detached

MLS#: X12720036

Solid 6-unit apartment investment located on prestigious Montgomery Boulevard in Kingston's sought-after Reddendale neighbourhood. This well-positioned multi-residential asset benefits from immediate access to public transit and is just steps to nearby parks, walking trails, and Lake Ontario waterfront. The property currently grosses $107,336.64 annually, with upside to be realized through tenant turnover.The building is efficiently configured, features a durable metal roof, has had recent large capital investment and is electrically heated, helping reduce maintenance and operational complexity. Situated in a stable, low-vacancy neighbourhood with strong rental demand, 31 Montgomery Boulevard represents an excellent opportunity for investors seeking a turn-key income property with future value-add potential in one of Kingston's most desirable residential corridors. Currently professionally managed by Axon Property Management.

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$1,099,900 - 31 Montgomery Boulevard, Kingston

Detached for Sale in Kingston

129 days on market

Neighbourhood: 28 - City SouthWest

10Beds
6Baths
2,000 - 2,499Sq Ft
Detached
Property Details
MLS Number
X12720036
Property Type
Detached
Status
active
Days on Site
129
Bedrooms
10
Bathrooms
6
Square Feet
2,000 - 2,499 sqft
Neighbourhood
Kingston
Listing Brokerage
AXON REAL ESTATE BROKERAGE INC.
Description

Solid 6-unit apartment investment located on prestigious Montgomery Boulevard in Kingston's sought-after Reddendale neighbourhood. This well-positioned multi-residential asset benefits from immediate access to public transit and is just steps to nearby parks, walking trails, and Lake Ontario waterfront. The property currently grosses $107,336.64 annually, with upside to be realized through tenant turnover.The building is efficiently configured, features a durable metal roof, has had recent large capital investment and is electrically heated, helping reduce maintenance and operational complexity. Situated in a stable, low-vacancy neighbourhood with strong rental demand, 31 Montgomery Boulevard represents an excellent opportunity for investors seeking a turn-key income property with future value-add potential in one of Kingston's most desirable residential corridors. Currently professionally managed by Axon Property Management.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$4,865.23/mo

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5-yr fixed avg.

Principal: $879,920Interest: $579,649
Mortgage Amount$879,920
Total Interest$579,649
Est. Property Tax$779/mo
Total Cost$1,459,569

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: 28 - City SouthWest

Discover 28 - City SouthWest

28 - City SouthWest 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 28 - City SouthWest

  • 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

28 - City SouthWest 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

31 Montgomery Boulevard, Kingston

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$5,700/mo
Range: $4,845 - $6,555
Cap Rate (ROI)
5.1%
Good

Monthly Cash Flow Breakdown

Rental Income+$5,700
Maintenance Fees-$0
Property Tax (est.)-$779
Insurance (est.)-$229
Net Cash Flow+$4,692

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 $550/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 129 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.

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.

Excellent Flexibility

With 10 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.

Bathroom Count Matters

With 6 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.

About 28 - City SouthWest

I know 28 - City SouthWest 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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    MLS# X12720036 — 31 Montgomery Boulevard | Battaglia Team