154 Stephen Street, Kingston

$475,000
154 Stephen Street

$475,000

New
25d
Semi-Detached 2-Storey

154 Stephen Street, Kingston

Total Monthly Obligation $2,612

Beds
2
Baths
2
Park
4
Sqft
1500-2000
DOM
25d
Yield
5.5%
Cash on Cash
-1.6%
Cap Rate
4.2%
5Y IRR
14.3%
10Y IRR
13.6%
Property Type-Semi-Detached
MLS® Number-X13835222
Beds-2
Bathrooms-2
Size-1500-2000 sqft
Lot Size-29 × 140 ft
Listed on site-Sep 28, 2026
Style-2-Storey
Building Type-Semi-Detached
Taxes-$3,853.03 (2026)
Parking-6 - Detached
Basement-Unfinished, Full
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 HERITAGE GROUP LTD., BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick
Roof-Metal
Foundation-Stone
Sewer-Sewer
Possession-60 Days
Neighbourhood-22 - East of Sir John A. Blvd
Title-Residential Freehold

No agent assigned

A rare legal up-and-down duplex on Stephen Street, just east of Sir John A. Blvd and close to the Inner Harbour and downtown Kingston. The home currently offers two one-bedroom apartments. The 2nd level could be returned to a two-bedroom layout, giving a buyer flexibility: live in one unit while the other helps cover the mortgage, renovate both and place new tenants, or convert the property back to its original single-family form. Downtown shops, restaurants, and the waterfront are a short walk away. Queen's University, both hospitals, and the rest of the core are an easy drive or transit ride, making this a strong fit for students, hospital staff, young professionals, and anyone who wants to live close to the city. There are great neighbours on either side. Behind the house, an unusually large garage can store vehicles or serve as a workshop-extra space most inner-city duplexes simply don't have-plus parking for three vehicles. Updates include a 2018 furnace and a metal roof. A note on the photos: some were taken before the current main-floor occupancy, and a few main-floor images have been AI-enhanced to show potential. This is an opportunity to get into the rental market, where the owners have taken good care of the property.

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Closing Costs

Mortgage Amount
$380,000
Land Transfer Taxes$5,975
Legal Fees (Est.)
$
Total cash required for closing$102,475

Total Monthly Obligation

$2,612/mo
Mortgage $1,916
Monthly Loss $2,108
Principal$504
Interest$1,412
Property Tax$321
Home Insurance$125
Variable Costs$250

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 154 Stephen Street

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