652 Princess Street Unit 902, Kingston

Price: $239,900

0 bedrooms, 1 bathrooms

Property Type: Condo

MLS#: X12570698

Located in the prime downtown Kingston area on Princess Street, this fully furnished studio unit is an exceptional investment opportunity. With a convenient walking distance to Queens University, grocery stores, restaurants, and shops, its a highly sought-after location for student tenants. The building offers excellent amenities, including a study room, a full gym, and a rooftop terrace. Currently leased until 2028, this unit guarantees steady rental income for years to come. With its central location and reliable rental demand, this studio is a fantastic addition to any investment portfolio.

652 Princess Street Unit 902 - Condo photo 1 of 9 in Kingston, Ontario
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$239,900 - 652 Princess Street Unit 902, Kingston

Condo for Sale in Kingston

129 days on market
0Beds
1Baths
N/ASq Ft
Condo
Property Details
MLS Number
X12570698
Property Type
Condo
Status
active
Days on Site
129
Bedrooms
0
Bathrooms
1
Square Feet
N/A sqft
Neighbourhood
Kingston
Locker
Owned
Exposure
South
Balcony
Terrace
Listing Brokerage
RE/MAX ADVANCE REALTY
Description

Located in the prime downtown Kingston area on Princess Street, this fully furnished studio unit is an exceptional investment opportunity. With a convenient walking distance to Queens University, grocery stores, restaurants, and shops, its a highly sought-after location for student tenants. The building offers excellent amenities, including a study room, a full gym, and a rooftop terrace. Currently leased until 2028, this unit guarantees steady rental income for years to come. With its central location and reliable rental demand, this studio is a fantastic addition to any investment portfolio.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,230.81/mo

Includes CMHC insurance ($6,693)

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5-yr fixed avg.

Principal: $215,910Interest: $146,640
Mortgage Amount$222,603
Total Interest$146,640
Est. Property Tax$170/mo
Total Cost$369,243

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

652 Princess Street Unit 902, Kingston

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,760/mo
Range: $2,346 - $3,174
Cap Rate (ROI)
7.8%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$2,760
Maintenance Fees-$975
Property Tax (est.)-$170
Insurance (est.)-$50
Net Cash Flow+$1,565

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

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 0 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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    652 Princess Street Unit 902, Kingston | $239,900 | Battaglia Team