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258 Kingscourt Avenue, Kingston

This fully renovated detached home in the heart of Kingston’s north end is a quality property backing onto Max Jackson Memorial Park and just steps away from Kingston Secondary School. This location provides easy access to public transit and just a short drive away from HWY 401 as well as a great location for students and staff at Queen’s University. A large 3 bedroom unit on the upper level and fully legal basement apartment with 2 bedrooms, big windows, and a completely separate entrance projects strong cash flows and a great turn-key investment opportunity with no work required.

2 Legal Units

Renovation completed with full Architectural drawings and approvals from city.

Maximize your Returns

Designed and renovated to maximize rents.

Upper - 3 Bedrooms 1 Bathroom

Lower - 2 Bedrooms 1 Bathroom

Listed at $649,000

Projected Cap Rate* 4.5%

Key Features

  • Completely renovated

  • On premise laundry

  • ALL new appliances in both units

  • New kitchen cabinets and fixtures in both units

  • Leasing options available. Speak to sales agent

  • High end finishes throughout

  • New Quartz countertops

  • New vanities and fixtures in bathrooms

  • 3pc washrooms with tub

  • New flooring

  • Air conditioning

  • 200 Amp electrical

  • 3 legal parking spaces

  • New light fixtures throughout

  • Freshly painted

  • 8' basement ceilings

  • Large bedrooms and closets

  • Fully fenced yard

Projected Financials

List Price
Projected Income
Upper Unit
Lower Unit
Total
Vacancy Rate (2%)
Projected Expenses
Insurance
Utilities
Repairs & Maintenance
Property Management**
Property Taxes
Total
Net Operating Income
Projected Cap Rate*
$649,000
Monthly
$1,900
$1,550
$3,450
$69
$92
$275
$83
$237
$262
$950
$2,500
Yearly
$22,800
$18,600
$41,400
$828
$1,100
$3,300
$1,000
$2,840
$3,164
$11,404
$29,168
4.5%
Down Payment
Amortzation
Down Payment
Mortgage Amount
Monthly Mortgage Payment

***

Projected Monthly Cashflow

****

20%
30 Years
$129,800
$519,200
$2,006
$494
25%
30 years
$162,250
$486,750
$1,880
$620

Projected  Cashflow

*** Monthly mortgage payments based on a 5 year insured rate of 2.34% or uninsured rate of 2.34% as of 08/26/2020.  Rate subject to change.

Gallery

Location

CONTACT US TO LEARN MORE

PHONE: 416-200-0954

EMAIL: hello@konfidis.com

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258 Kingscourt

Disclaimers

Information, tools, and other materials (collectively, the “Materials”) presented is only intended to provide you with general information and is neither an offer to sell nor a solicitation of an offer to purchase any security and may not be relied upon for investment purposes and should not be relied upon as professional advice or guarantee or warranty in respect of a real estate transaction or investment advice. The Materials are made available solely for the purposes of information gathering and are in no way intended to act as a replacement for professional legal, accounting, financial or tax advice. Please consult with your legal, tax and/or financial advisors with respect to your particular circumstances. Any use of, or reliance on, the Materials is at your sole risk. Information presented in the Materials, may or may not be current or historically factual. Information may constitute forward-looking assumptions concerning the property, investment opportunity and financial performance of the investment (collectively, the "Assumptions"). Many of these Assumptions are based on factors and events that are not within the control of Konfidis Realty Inc and Konfidis Inc. ("Konfidis" and "Konfidis, Brokerage"). Forward-looking information is subject to a number of risks, uncertainties and other factors that could cause actual results to differ materially from expectations. These risks, uncertainties and other factors include, but are not limited to: the general changes to the real estate market, timing, competition from other investors, the reliance on third party information, tenant behaviour, vacancy rates, lease rates, ability to successfully lease property, financing rates, fluctuations in currency rates, exchange rates, commodity prices or interest rates, and changes in the law, by-laws or regulations regarding the environment or other environmental liabilities. While Konfidis, Brokerage considers these Assumptions to be reasonable based on information currently available, they may prove to be incorrect. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Unless otherwise required by applicable laws, Konfidis, Brokerage does not intend, nor does it undertake any obligation, to update or revise any forward-looking information to reflect subsequent information, events, results, circumstances or otherwise. Accordingly, the reader is cautioned not to place undue reliance on forward-looking information. Not intended to solicit clients already under contract.

* Projected Cap Rate is the percentage return calculated by dividing net operating income by list price.

** Property Management expenses subject to final arrangements.

*** Monthly mortgage payments based on a 5 year insured rate of 2.34% or uninsured rate of 2.34% as of 08/26/2020.  Rate subject to change.

**** Projected monthly cash flow is the sum of net operating income less monthly mortgage payments

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