244 King Street E 2, Kingston

$596,000
244 King Street E 2

$596,000

New
22d
Condo Apartment2-Storey

244 King Street E 2, Kingston

Total Monthly Obligation $4,414

HausQ Valuation Report
Beds
2
Baths
1
Park
1
Sqft
1200-1399
DOM
22d
Score
16
Yield
6.8%
Cash on Cash
-8.0%
Cap Rate
2.9%
5Y IRR
9.3%
10Y IRR
9.7%
Property Type-Condo Apartment
MLS® Number-X13846924
Beds-2
Bathrooms-1
Size-1200-1399 sqft
Listed on site-Oct 1, 2026
Style-2-Storey
Building Type-Condo Apartment
Taxes-$5,197.36 (2026)
Maintenance-$1,376.81/mo
Locker-None
Parking-1 - None
Basement-None
Heating-Baseboard (Electric)
Brokerage-ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
Cooling-None
Laundry-Yes
Fireplace-Natural Gas
Pool-None
Exterior-Brick
Roof-Unknown
Foundation-Unknown
Possession-90+ days
Neighbourhood-14 - Central City East
Title-Residential Condo & Other

No agent assigned

Bringing you Home to this two-storey condo in the Kilborn offering a well-located option in downtown Kingston within walking distance of shops, restaurants, and the waterfront. The layout spans two levels, providing separation between living and sleeping spaces. The main level features a living room with a gas fireplace, eating area, laundry closet and functional kitchen. Exposed brick walls add texture and character to the space. Natural light comes in from the south facing balcony and large windows. Upstairs are two bedrooms and a full bathroom, with practical proportions suitable for a range of uses, including a home office or guest room. This condo includes one assigned exterior parking space. A beautiful property in a central location, with distinct architectural details and convenient access to downtown amenities. This home is now ready for new owners and new memories!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$476,800
Land Transfer Taxes$8,395
Legal Fees (Est.)
$
Total cash required for closing$129,095

Total Monthly Obligation

$4,414/mo
Mortgage $2,404
Monthly Loss $3,781
Principal$633
Interest$1,771
Property Tax$433
Condo Fees$1,377
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.1%12
Cash-on-Cash
-12.8%0
5-Year IRR
6.0%14
10-Year IRR
7.9%
Returns Index
8.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$40,572/yr
NOI
$12,396/yr
Net Cash Flow
-$1,371/mo
Cash Margin
-40.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.434
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo34
Risk Index
18.7/ 100

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

Comparables

Properties near 244 King Street E 2

Time

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Data last updated within the past 24 hours.