$1,200,000 - 686 & 688 Montreal Street, Kingston
Detached for Sale in Kingston
73 days on market- MLS Number
- X13048268
- Property Type
- Detached
- Status
- active
- Days on Site
- 73
- Bedrooms
- 9
- Bathrooms
- 9
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Kingston
- Listing Brokerage
- SUTTON GROUP-MASTERS REALTY INC., BROKERAGE
***686 Montreal St (Main Building)***... Legal 6-unit apartment building (6-plex) Approx: 3,200-4,600 sq ft range (sources vary) 8-10 bedrooms totalFeatures: Separate hydro meters per unit (tenant-paid utilities)Shared laundry (basement). Additional garage/workshop structure on site. From an investor standpoint: This is a classic Kingston cash-flow asset-older stock, separately metered, low operating complexity. **688 Montreal St (Accessory Property)**... Detached 2-bedroom, 1-bath bungalow. Fully rented (at time of last listing). This is effectively: Either a second principal structure on same holding Or a separate parcel being sold together (most likely)Planning / Zoning Insight (Important for Your Project) From your pre-consult file (D00-139-1015) and City feedback: Zoning: MUI - Mixed Use 1 Official Plan: Mixed Use. What that means in practice: Supports: Multi-unit residential. Conversions / intensification Additional dwelling units (subject to site constraints) BUT: You'll run into parking + amenity + access requirements. Likely legal non-conforming elements already exist (very common on Montreal St)"686 MONTREAL ST" : 4 x 1 BEDROOM APARTMENTS and 2 x 2 BEDROOM APARTMENTS. 2 UPDATED BOLIERS. ROOF APPROX 10 YRS OLD. ELECTRICAL UP GRADE 2 YRS AGO."688 MONTREAL ST" 2 BEDROOM SINGLE FAMILY HOME. ROOF APPROX 4 YRS OLD.EACH TENANT PAYS FOR THEIR OWN HOT WATER TANK RENTAL.
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Estimated Payment
$5,308.00/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 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
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.
686 & 688 Montreal Street, Kingston
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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 $400/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 73 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.
Larger Home Realities
At 3,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 9 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 9 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.