387 Nelson Street, Kingston

$389,900
387 Nelson Street

$389,900

Price Change
28d
Detached2-Storey

387 Nelson Street, Kingston

Total Monthly Obligation $2,185

Beds
3
Baths
1
Park
2
Sqft
700-1100
DOM
28d
Score
33
Yield
7.8%
Cash on Cash
8.9%
Cap Rate
6.5%
5Y IRR
22.8%
10Y IRR
20.6%
Property Type-Detached
MLS® Number-X13828914
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-33 × 120.5 ft
Listed on site-Sep 25, 2026
Style-2-Storey
Building Type-Detached
Age-51-99
Taxes-$2,841.62 (2026)
Parking-2 - None
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX FINEST REALTY INC., BROKERAGE
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Aluminum Siding
Roof-Asphalt Shingle
Foundation-Stone
Sewer-Sewer
Possession-Ask Agent
Neighbourhood-22 - East of Sir John A. Blvd
Title-Residential Freehold

No agent assigned

A little character, a lot of personality, and a place to call your own! Welcome to 387 Nelson Street, a charming three-bedroom, one-bathroom home that proves good things really do come in small packages. From its eye-catching blue exterior and cheerful yellow front door to its colourful, personality-filled interior, this is a home that refuses to blend into the background! Step inside to discover an inviting main floor featuring an open-concept kitchen and living area, creating a comfortable space for everyday living and entertaining. The kitchen offers plenty of character, while the adjoining living room provides a cozy place to unwind. A dedicated mudroom and laundry area at the rear of the home adds everyday convenience without taking away from the main living space. Upstairs, you'll find two bedrooms, a four-piece bathroom, and a third bedroom currently configured as a walk-in closet. Whether you choose to enjoy the additional wardrobe space or convert it back into a bedroom, home office, or creative space, the flexible layout allows you to make the home your own. Outside, the backyard offers space to relax, entertain, garden, or simply enjoy a little fresh air. With a private driveway and a convenient location close to downtown Kingston, local shops, restaurants, parks, and everyday amenities, this home offers an appealing combination of character and practicality. Whether you're looking to enter the housing market, simplify your lifestyle, or find a home with a little more personality than the ordinary, 387 Nelson Street offers an opportunity to make your next move. At $399,000, this might just be the find you've been looking for!

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

Closing Costs

Mortgage Amount
$311,920
Land Transfer Taxes$4,324
Legal Fees (Est.)
$
Total cash required for closing$83,804

Total Monthly Obligation

$2,185/mo
Mortgage $1,573
Monthly Loss $1,771
Principal$414
Interest$1,159
Property Tax$237
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
5.2%40
Cash-on-Cash
1.6%11
5-Year IRR
17.0%82
10-Year IRR
16.3%
Returns Index
45.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
33/ 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
$20,198/yr
Net Cash Flow
$110/mo
Cash Margin
4.3%11
Cash Flow Index
10.6/ 100
Risk Profile
Weight: 20%
DSCR
1.0733
LTV Ratio
80.0%18
Vacancy Buffer
4.3 mo74
Risk Index
41.8/ 100

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

Comparables

Properties near 387 Nelson Street

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.

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Data last updated within the past 24 hours.