358 Queen Mary Road 609, Kingston

$319,800
358 Queen Mary Road 609

$319,800

New
24d
Condo ApartmentApartment

358 Queen Mary Road 609, Kingston

Total Monthly Obligation $2,214

Beds
2
Baths
1
Park
1
Sqft
700-799
DOM
24d
Score
20
Yield
6.7%
Cash on Cash
-4.5%
Cap Rate
3.6%
5Y IRR
12.0%
10Y IRR
11.8%
Property Type-Condo Apartment
MLS® Number-X13839252
Beds-2
Bathrooms-1
Size-700-799 sqft
Listed on site-Sep 29, 2026
Style-Apartment
Building Type-Condo Apartment
Age-31-50
Taxes-$2,463.58 (2026)
Maintenance-$518.61/mo
Locker-None
Parking-1 - None
Basement-None
Heating-Baseboard (Electric)
Brokerage-ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
Cooling-Other
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Roof-Tar and Gravel
Possession-Flexible
Neighbourhood-25 - West of Sir John A. Blvd
Title-Residential Condo & Other

No agent assigned

Situated on the top floor with a private balcony overlooking the scenic Rideau Trail and conservation area, this beautifully renovated two-bedroom condominium offers the perfect blend of style, comfort, and tranquility. Thoughtfully updated with designer-inspired finishes worthy of the pages of House & Home Magazine, this turn-key suite is truly move-in ready and waiting for you to call home. The welcoming tiled foyer features a custom quartz-topped bench with built-in storage for outerwear, pantry items, and small appliances (2021) - combining everyday functionality with sophisticated design. The stunning renovated kitchen (2021) showcases crisp white cabinetry, quartz countertops, a contemporary backsplash, & stainless-steel appliances. Both spacious bedrooms maximize closet space with custom sliding doors and built-in shelving (2021), while a generous in-unit storage room adds even more convenience. Additional upgrades include windows and sliding patio door with exterior steel framing (2022), updated bathroom (2021), modern lighting throughout & ceiling fans in both bedrooms (2021), interior doors and hardware (2022), and the hot water tank (2022). This well-maintained building offers excellent amenities including a dedicated parking space, laundry facilities on every floor, fitness room, games room, party/common room, and beautifully landscaped green space complete with a gazebo and BBQ area. Building upgrades in the past five years include: new gazebo, resident BBQ & updates to the gym (2025); brick repointing (2024); painted balcony railing for all units with balconies (2024); new building HVAC system (2022); & a new roof (2022). A rare opportunity to own a quiet, stylishly updated condo surrounded by nature while enjoying a central city location. Conveniently situated on bus routes and just minutes to Queen's University, St. Lawrence College, Kingston Health Sciences Centre, downtown, and everyday amenities. Don't wait - this exceptional home won't last long.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$255,840
Land Transfer Taxes$3,272
Legal Fees (Est.)
$
Total cash required for closing$68,732

Total Monthly Obligation

$2,214/mo
Mortgage $1,290
Monthly Loss $1,874
Principal$339
Interest$951
Property Tax$205
Condo Fees$519
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.6%15
Cash-on-Cash
-10.5%1
5-Year IRR
7.7%22
10-Year IRR
9.1%
Returns Index
12.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$21,504/yr
NOI
$8,267/yr
Net Cash Flow
-$601/mo
Cash Margin
-33.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.535
LTV Ratio
80.0%18
Vacancy Buffer
4.3 mo75
Risk Index
32.7/ 100

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

Comparables

Properties near 358 Queen Mary Road 609

Time

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