385 Melanie Avenue, Kingston

$499,000
385 Melanie Avenue

$499,000

New
29d
Semi-Detached Bungalow-Raised

385 Melanie Avenue, Kingston

Total Monthly Obligation $2,651

HausQ Valuation Report
Beds
4
Baths
2
Park
2
Sqft
700-1100
DOM
29d
Score
25
Yield
6.4%
Cash on Cash
3.1%
Cap Rate
5.2%
5Y IRR
18.0%
10Y IRR
16.6%
Property Type-Semi-Detached
MLS® Number-X13825414
Beds-4
Bathrooms-2
Size-700-1100 sqft
Lot Size-32.05 × 131.37 ft
Listed on site-Sep 24, 2026
Style-Bungalow-Raised
Building Type-Semi-Detached
Taxes-$3,158.51 (2026)
Parking-2 - None
Basement-Finished, Walk-Up
Heating-Forced Air (Gas)
Brokerage-RE/MAX RISE EXECUTIVES, BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-35 - East Gardiners Rd
Title-Residential Freehold

No agent assigned

Completely renovated from top to bottom, this stunning turnkey bungalow is ready for its next owner. Over the past few months, nearly every aspect of 385 Melanie has been updated, including a brand-new kitchen, beautifully renovated bathrooms, fresh paint throughout, new flooring in key areas, new furnace, central air conditioning, and all new PEX plumbing with the original Poly-B plumbing completely removed. Bright, modern finishes create a clean, move-in-ready feel from the moment you step inside. The basement has roughed in plumbing so a kitchen could be easily added in the future. Outside, enjoy a fully fenced backyard with a spacious deck, mature trees, and plenty of room to entertain or relax. Conveniently located close to schools, parks, shopping, and amenities, this is an exceptional opportunity for buyers looking for a home where all the major updates have already been completed. This home fits first time buyers and investors alike with the walk up basement to the backyard.

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

Closing Costs

Mortgage Amount
$399,200
Land Transfer Taxes$6,455
Legal Fees (Est.)
$
Total cash required for closing$107,755

Total Monthly Obligation

$2,651/mo
Mortgage $2,013
Monthly Loss $2,121
Principal$530
Interest$1,483
Property Tax$263
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.2%29
Cash-on-Cash
-3.0%4
5-Year IRR
13.3%60
10-Year IRR
13.3%
Returns Index
31.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
25/ 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
$31,800/yr
NOI
$20,961/yr
Net Cash Flow
-$266/mo
Cash Margin
-10.0%1
Cash Flow Index
0.7/ 100
Risk Profile
Weight: 20%
DSCR
0.8718
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo62
Risk Index
32.6/ 100

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

Comparables

Properties near 385 Melanie Avenue

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.