39 Lorne Street, Kingston

$525,000
39 Lorne Street

$525,000

New
8d
Detached1 1/2 Storey

39 Lorne Street, Kingston

Total Monthly Obligation $2,742

Beds
3
Baths
2
Park
4
Sqft
700-1100
DOM
8d
Score
23
Yield
5.8%
Cash on Cash
1.0%
Cap Rate
4.8%
5Y IRR
16.4%
10Y IRR
15.3%
Property Type-Detached
MLS® Number-X14080964
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-40 × 100 ft
Listed on site-Oct 15, 2026
Style-1 1/2 Storey
Building Type-Detached
Age-51-99
Taxes-$2,995 (2025)
Parking-4 - None
Basement-Crawl Space
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 HERITAGE GROUP LTD., BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-22 - East of Sir John A. Blvd
Title-Residential Freehold

No agent assigned

Classic character meets thoughtful updates! Set on a quiet street in Kingston's Kingscourt neighbourhood, this three-bedroom, 1.5-bath wartime home offers an inviting blend of original charm and modern comfort. Extensive renovations have been completed over the last 5 years that have significantly boosted the overall appeal and has created a welcoming setting for everyday living and transforming it into a fantastic home to gather with family and friends. The updated kitchen connects naturally with the open-concept layout, while refreshed flooring throughout brings a cohesive feel to the home. Improvements extend beyond the finishes, with structural framework updates overseen by a structural engineer, blown-in insulation, upgraded electrical and plumbing, windows recently replaced and a furnace installed in 2019. Step outside to a generous deck overlooking the private, fenced backyard-an inviting spot for morning coffee, summer dinners, or simply unwinding outdoors. Nearby schools add everyday convenience, while downtown Kingston and Highway 401 are just a short drive away. Within walking distance, enjoy the Memorial Centre farmers' market, dog park, and nearby parks. It's a location that keeps you connected while offering the comfort of an established neighbourhood. Come discover the character, care, and welcoming spaces that makes this Kingscourt gem your next place to settle in.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$420,000
Land Transfer Taxes$6,975
Legal Fees (Est.)
$
Total cash required for closing$113,475

Total Monthly Obligation

$2,742/mo
Mortgage $2,118
Monthly Loss $2,185
Principal$557
Interest$1,560
Property Tax$250
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-4.8%2
5-Year IRR
11.9%49
10-Year IRR
12.1%
Returns Index
25.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$30,600/yr
NOI
$20,045/yr
Net Cash Flow
-$447/mo
Cash Margin
-17.5%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7914
LTV Ratio
80.0%18
Vacancy Buffer
3.5 mo60
Risk Index
30.5/ 100

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

Comparables

Properties near 39 Lorne Street

Time

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