334 Queen Mary Road 215, Kingston

$299,900
334 Queen Mary Road 215

$299,900

New
22d
Condo ApartmentApartment

334 Queen Mary Road 215, Kingston

Total Monthly Obligation $2,082

Beds
2
Baths
1
Park
1
Sqft
800-899
DOM
22d
Score
21
Yield
7.3%
Cash on Cash
-1.7%
Cap Rate
4.2%
5Y IRR
14.2%
10Y IRR
13.6%
Property Type-Condo Apartment
MLS® Number-X13847362
Beds-2
Bathrooms-1
Size-800-899 sqft
Listed on site-Oct 1, 2026
Style-Apartment
Building Type-Condo Apartment
Age-31-50
Taxes-$2,227.38 (2025)
Maintenance-$486.25/mo
Locker-None
Parking-1 - None
Basement-None
Heating-Baseboard (Electric)
Brokerage-ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
Cooling-Window Unit(s)
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Roof-Flat, Tar and Gravel
Foundation-Concrete
Possession-Flexible
Neighbourhood-25 - West of Sir John A. Blvd
Title-Residential Condo & Other

No agent assigned

Welcome to Admiral's Walk on the Park! This beautifully updated 2-bedroom condo offers comfortable, turnkey living in a well-maintained and secure building. Freshly painted and completely carpet-free, the unit features a bright, updated kitchen with new countertops, tile backsplash, and white cabinetry and leads to the open-concept dining and living room with access to your private balcony. Both bedrooms are generously sized, while the refreshed bathroom features a new contemporary vanity. Recent building improvements include an updated lobby, elevator, and exercise room, adding to the appeal and convenience of this well-managed property. Residents have their own designated parking space, as well as access to a library, common room, guest suite, and laundry facilities are conveniently located on every floor. This no-smoking, no-pet building provides a peaceful and comfortable living environment. Ideally situated close to shopping, restaurants, public transit, the Rideau Trail, and St. Lawrence College, this centrally located property has a lot to offer.

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

Closing Costs

Mortgage Amount
$239,920
Land Transfer Taxes$2,974
Legal Fees (Est.)
$
Total cash required for closing$64,454

Total Monthly Obligation

$2,082/mo
Mortgage $1,210
Monthly Loss $1,763
Principal$318
Interest$891
Property Tax$186
Condo Fees$486
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.0%1
5-Year IRR
9.7%33
10-Year IRR
10.6%
Returns Index
17.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$21,996/yr
NOI
$9,334/yr
Net Cash Flow
-$432/mo
Cash Margin
-23.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
4.6 mo78
Risk Index
34.9/ 100

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

Comparables

Properties near 334 Queen Mary Road 215

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.