631 Victoria Street, Kingston

Price: $424,900

4 bedrooms, 2 bathrooms

1,500 - 1,999 sqft

Property Type: Multi-Family

MLS#: X12793926

Great investment opportunity located just a short distance from Kingston's downtown core, Queen's University & KGH. The new owner can explore the possibility for redevelopment subject to planning approval, offering many options to endeavor. Don't miss the chance to add this wonderful piece of Kingston real estate to your growing investment portfolio.

631 Victoria Street - Multi-Family photo 1 of 4 in Kingston, Ontario
631 Victoria Street - Multi-Family photo 2 of 4 in Kingston, Ontario
631 Victoria Street - Multi-Family photo 3 of 4 in Kingston, Ontario
631 Victoria Street - Multi-Family photo 4 of 4 in Kingston, Ontario
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$424,900 - 631 Victoria Street, Kingston

Multi-Family for Sale in Kingston

127 days on market
4Beds
2Baths
1,500 - 1,999Sq Ft
Multi-Family
Property Details
MLS Number
X12793926
Property Type
Multi-Family
Status
active
Days on Site
127
Bedrooms
4
Bathrooms
2
Square Feet
1,500 - 1,999 sqft
Neighbourhood
Kingston
Listing Brokerage
ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
Description

Great investment opportunity located just a short distance from Kingston's downtown core, Queen's University & KGH. The new owner can explore the possibility for redevelopment subject to planning approval, offering many options to endeavor. Don't miss the chance to add this wonderful piece of Kingston real estate to your growing investment portfolio.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,179.96/mo

Includes CMHC insurance ($11,855)

$
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5%10%50%

5-yr fixed avg.

Principal: $382,410Interest: $259,722
Mortgage Amount$394,265
Total Interest$259,722
Est. Property Tax$301/mo
Total Cost$653,987

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

631 Victoria Street, Kingston

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,200/mo
Range: $2,720 - $3,680
Cap Rate (ROI)
7.9%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$3,200
Maintenance Fees-$0
Property Tax (est.)-$301
Insurance (est.)-$89
Net Cash Flow+$2,810

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 $283/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 127 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.

Family-Friendly Layout

4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Kingston. Good resale value as demand remains consistent.

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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    631 Victoria Street, Kingston | $424,900 | Battaglia Team