2 MOWAT Avenue 202, Kingston

$424,900
2 MOWAT Avenue 202

$424,900

New
3d
Condo ApartmentApartment

2 MOWAT Avenue 202, Kingston

Total Monthly Obligation $3,209

Beds
2
Baths
2
Park
1
Sqft
800-899
DOM
3d
Score
56
Yield
12.3%
Cash on Cash
16.4%
Cap Rate
8.1%
5Y IRR
29.0%
10Y IRR
26.0%
Property Type-Condo Apartment
MLS® Number-X14096482
Beds-2
Bathrooms-2
Size-800-899 sqft
Listed on site-Oct 20, 2026
Style-Apartment
Building Type-Condo Apartment
Age-51-99
Taxes-$3,464.91 (2026)
Maintenance-$1,006.48/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Baseboard (Electric)
Brokerage-EXP REALTY, BROKERAGE
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Roof-Unknown
Foundation-Unknown
Possession-TBD
Neighbourhood-18 - Central City West
Title-Residential Condo & Other

No agent assigned

Welcome to Unit 202 at 2 Mowat Avenue, a beautifully refreshed 2-bedroom, 2-bathroom condo in Kingston's sought-after Portsmouth Harbour area. What sets this unit apart is its unique open concept kitchen and living room layout, creating an inviting space with an easy flow for everyday living and entertaining. Just off the living room, the bright 3-season sunroom offers a comfortable sitting area and a peaceful place to enjoy your morning coffee or unwind. The primary bedroom features a walk-in closet and beautiful ensuite, while the second bedroom and full bathroom offer flexibility for guests, a home office, a roommate, or additional living space. Enjoy the convenience of building amenities including a pool, gym, sauna, and party room. The location is equally impressive, with Lake Ontario and the Kingston waterfront lifestyle right outside your door. Portsmouth Olympic Harbour offers peaceful waterfront walking paths, with routes extending toward Lake Ontario Park. Students and young professionals will appreciate being within walking distance of St. Lawrence College and Queen's University, while downtown Kingston and Kingston General Hospital are also close by. Whether you are a first-time buyer, young couple, student, or downsizer, Unit 202 offers an appealing combination of comfort, convenience, and lifestyle in one of Kingston's desirable waterfront areas. This is an opportunity to enjoy modern condo living while staying close to the heart of the city.

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

Closing Costs

Mortgage Amount
$339,920
Land Transfer Taxes$4,973
Legal Fees (Est.)
$
Total cash required for closing$91,453

Total Monthly Obligation

$3,209/mo
Mortgage $1,714
Monthly Loss $2,758
Principal$451
Interest$1,263
Property Tax$289
Condo Fees$1,006
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
6.8%60
Cash-on-Cash
9.3%45
5-Year IRR
23.7%97
10-Year IRR
22.1%
Returns Index
69.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeB
56/ 100
Fair•Hold / Negotiate

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

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$52,188/yr
NOI
$29,027/yr
Net Cash Flow
$705/mo
Cash Margin
16.2%56
Cash Flow Index
56.0/ 100
Risk Profile
Weight: 20%
DSCR
1.4166
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
44.1/ 100

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

Comparables

Properties near 2 MOWAT Avenue 202

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.