$1,100,000 - 476 Victoria Street, Kingston
Detached for Sale in Kingston
Neighbourhood: 14 - Central City East
- MLS Number
- X13452884
- Property Type
- Detached
- Status
- active
- Days on Site
- 23
- Bedrooms
- 6
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Kingston
- Listing Brokerage
- RE/MAX FINEST REALTY INC., BROKERAGE
Rare opportunity to own a leased 6-bedroom, 4-bathroom investment property in the heart of Kingston's sought-after Queen's University district. Offering over 2,200 square feet above grade, this red brick century home stands apart from the typical student rental with generous bedrooms, multiple common living spaces, and enough bathrooms to create a comfortable living experience. Character features include original hardwood floors, rich wood trim, exposed brick accents, high ceilings, and large windows. The main floor offers a spacious living room, separate dining room, large kitchen, mudroom, powder room, and a sizeable bedroom. The second floor features two large bedrooms, an oversized primary bedroom, and a full family-sized bathroom rarely found in student housing. The third floor provides two additional bedrooms and another bathroom, offering separation and privacy. What truly sets this property apart is that accommodating six tenants doesn't feel like a sacrifice. The bedrooms comfortably fit beds, desks, and additional furniture, while the common areas provide room to study, relax, and socialize without feeling crowded. Combined with four bathrooms, the layout creates a living environment tenants genuinely enjoy, helping support strong demand. Outside, the property offers a detached garage, private driveway parking, covered front porch, and rear deck. Located within walking distance of Queen's University, Kingston General Hospital, downtown restaurants and shops, transit routes, parks, and waterfront amenities, the location attracts student renters. Currently leased until April 30, 2027 and generating $6,432 per month plus utilities, this turn-key investment provides immediate income and stable cash flow in one of Kingston's proven rental markets. An exceptional opportunity for investors, Queen's alumni, or parents seeking a property that combines strong returns, enduring character, and a comfortable student living experience.
Estimate your monthly payments for this property
Estimated Payment
$4,865.67/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.
476 Victoria Street, Kingston
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Rental income estimator & ROI calculator
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
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.
Market Position
At 23 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.
Excellent Flexibility
With 6 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 4 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 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.