501 Frontenac Street Unit 218, Kingston

Price: $488,800

2 bedrooms, 1 bathrooms

900 sqft

Property Type: Condo

MLS#: X12709800

Experience contemporary urban living in the heart of Kingston. This is an exceptional 2-bedroom, 1-bathroom condo suite in The Frontenac Condos and offers a rare combination of modern design, functionality, and unbeatable location just steps from Queen's University, downtown restaurants, cafes, and Kingston's waterfront.Whether you're looking for a smart investment or a comfortable home, this property checks all the boxes. Inside, You'll find an open concept layout featuring the living and dining area that allows for an abundance of natural light. A kitchen with Stainless Steel appliances and quartz countertops. High 9-foot ceiling a and large windows contribute to an open, airy atmosphere, while the chic functional design provides ample space in both bedrooms. The condo also features a convenient in-suite laundry, ensuring your comfort is never compromised. Residents enjoy premium building amenities including a fitness studio, rooftop terrace with BBQ area, party room, keyless entry, and Owned secure underground parking. Perfect for students, professionals, or investors seeking low-maintenance ownership in one of Kingston's most desirable downtown addresses.

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$488,800 - 501 Frontenac Street Unit 218, Kingston

Condo for Sale in Kingston

129 days on market
2Beds
1Baths
900Sq Ft
Condo
Property Details
MLS Number
X12709800
Property Type
Condo
Status
active
Days on Site
129
Bedrooms
2
Bathrooms
1
Square Feet
900 sqft
Neighbourhood
Kingston
Locker
None
Exposure
North East
Balcony
None
Listing Brokerage
ROYAL LEPAGE SIGNATURE REALTY
Description

Experience contemporary urban living in the heart of Kingston. This is an exceptional 2-bedroom, 1-bathroom condo suite in The Frontenac Condos and offers a rare combination of modern design, functionality, and unbeatable location just steps from Queen's University, downtown restaurants, cafes, and Kingston's waterfront.Whether you're looking for a smart investment or a comfortable home, this property checks all the boxes. Inside, You'll find an open concept layout featuring the living and dining area that allows for an abundance of natural light. A kitchen with Stainless Steel appliances and quartz countertops. High 9-foot ceiling a and large windows contribute to an open, airy atmosphere, while the chic functional design provides ample space in both bedrooms. The condo also features a convenient in-suite laundry, ensuring your comfort is never compromised. Residents enjoy premium building amenities including a fitness studio, rooftop terrace with BBQ area, party room, keyless entry, and Owned secure underground parking. Perfect for students, professionals, or investors seeking low-maintenance ownership in one of Kingston's most desirable downtown addresses.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,507.80/mo

Includes CMHC insurance ($13,638)

$
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5%10%50%

5-yr fixed avg.

Principal: $439,920Interest: $298,782
Mortgage Amount$453,558
Total Interest$298,782
Est. Property Tax$346/mo
Total Cost$752,339

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: Kingston

Discover Kingston

Kingston 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 Kingston

  • 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

Kingston 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

501 Frontenac Street Unit 218, Kingston

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,280/mo
Range: $1,938 - $2,622
Cap Rate (ROI)
3.1%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,280
Maintenance Fees-$585
Property Tax (est.)-$346
Insurance (est.)-$102
Net Cash Flow+$1,247

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 $543/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.

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.

Efficient Living

At 900 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

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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    501 Frontenac Street Unit 218, Kingston | $488,800 | Battaglia Team