121 Queen Street A2, Kingston

$399,900
121 Queen Street A2

$399,900

New
18d
Condo Apartment1 Storey/Apt

121 Queen Street A2, Kingston

Total Monthly Obligation $2,610

Beds
1
Baths
1
Park
0
Sqft
500-599
DOM
18d
Score
20
Yield
6.8%
Cash on Cash
-2.7%
Cap Rate
4.0%
5Y IRR
13.4%
10Y IRR
12.9%
Property Type-Condo Apartment
MLS® Number-X13861822
Beds-1
Bathrooms-1
Size-500-599 sqft
Listed on site-Oct 5, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-11-15
Taxes-$3,290.06 (2026)
Maintenance-$522.48/mo
Locker-None
Parking-Underground
Basement-Apartment
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete Block
Foundation-Poured Concrete
Possession-Flexible
Neighbourhood-22 - East of Sir John A. Blvd
Title-Residential Condo & Other

No agent assigned

A rare ground level opportunity in the heart of downtown Kingston, this stylish 1 bedroom condo offers its own private street level entrance and a patio, creating a true urban townhouse feel. Inside, the open concept layout is finished with engineered hardwood and tile flooring, and anchored by a spacious kitchen featuring granite countertops, a large island, and stainless-steel appliances. In suite laundry adds everyday convenience. The building provides an impressive list of amenities, including a party room with kitchenette, lounge area, outdoor patios with BBQs, guest suite, and an onsite superintendent. Perfectly positioned just steps from Kingston's vibrant downtown core, this unit suits a wide range of lifestyles-young professionals, couples, mature students, retirees, or anyone seeking low maintenance living with unbeatable walkability. Unit A2 blends comfort, convenience, and location in one smart package.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$319,920
Land Transfer Taxes$4,474
Legal Fees (Est.)
$
Total cash required for closing$85,954

Total Monthly Obligation

$2,610/mo
Mortgage $1,613
Monthly Loss $2,185
Principal$424
Interest$1,189
Property Tax$274
Condo Fees$522
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.2%1
5-Year IRR
9.5%32
10-Year IRR
10.4%
Returns Index
17.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$27,000/yr
NOI
$12,340/yr
Net Cash Flow
-$585/mo
Cash Margin
-26.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
3.7 mo63
Risk Index
29.8/ 100

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

Comparables

Properties near 121 Queen Street A2

Time

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