$495,500 - 87 Chatham Street, Kingston
Semi-Detached for Sale in Kingston
44 days on market- MLS Number
- X13150172
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 44
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Kingston
- Lot Size
- 1,903 sqft
- Listing Brokerage
- HomeLife Power Realty Inc
Exceptional investment opportunity in the heart of downtown Kingston - a spacious 5-bedroom, 2-bathroom semi-detached freehold steps from Princess Street in one of Ontario's tightest rental markets.The main level offers an eat-in kitchen with dining area, living room, 1 bedroom and a 3PC bath. The second level adds three more bedrooms and a second 3-piece bathroom. The lower features a fully finished bedroom, and laundry facilities. Five bedrooms, two full baths, two kitchens, and room for everyone across 1,253 SF, above grade on a fully serviced 1,903 SF lot.Capital improvements during ownerhsip include high-efficiency gas furnace, spray foam insulation throughout, updated kitchens, weeping tile and drainage system, and finished basement area. Chatham Street intersects directly with Princess Street, placing this address within walking distance of Queen's University, Kingston General Hospital, Kingston Health Sciences Centre, Hotel Dieu Hospital, the Memorial Centre, and the full Princess Street commercial corridor - groceries, transit, restaurants, and daily amenities all within reach on foot. A 5-bedroom property at this address draws from multiple tenant pools - students, healthcare workers, and downtown professionals - ensuring demand well beyond the academic calendar. Kingston has maintained one of the lowest rental vacancy rates in Ontario for consecutive years, and properties within this immediate catchment reflect that consistently.
Estimate your monthly payments for this property
Estimated Payment
$2,542.17/mo
Includes CMHC insurance ($13,824)
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.
87 Chatham 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 $450/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 44 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 5 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.
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.