55 Folger Street, Kingston

$475,000
55 Folger Street

$475,000

New
22d
DetachedSidesplit

55 Folger Street, Kingston

Total Monthly Obligation $2,572

Beds
3
Baths
2
Park
4
Sqft
700-1100
DOM
22d
Score
32
Yield
7.6%
Cash on Cash
8.1%
Cap Rate
6.3%
5Y IRR
22.1%
10Y IRR
20.0%
Property Type-Detached
MLS® Number-X13848178
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-50.69 × 130 ft
Listed on site-Oct 1, 2026
Style-Sidesplit
Building Type-Detached
Age-31-50
Taxes-$3,371.42 (2026)
Parking-4 - None
Basement-Partial Basement, Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE PROALLIANCE REALTY, 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-23 - Rideau
Title-Residential Freehold

No agent assigned

Fabulous family home ideally located within walking distance to schools, parks and everyday conveniences! Modern, updated and move-in ready, this 3-bedroom, 2-bathroom home is an excellent opportunity for first-time buyers, working professionals or those looking to downsize to a turn-key lifestyle. Beautiful hardwood floors flow through the living room, kitchen and dining area, creating a bright and airy feel throughout the open-concept main level. The kitchen features crisp white cabinetry, ample counter and cupboard space, a door leading to the deck and backyard, and comes fully equipped with appliances. Upstairs, you'll find three spacious bedrooms, all with wood flooring, a convenient linen closet and an updated 4-piece bathroom. The lower level has a large recreation room with vinyl plank flooring and oversized above-grade windows- an inviting space to gather, play or enjoy movie nights together. The 4-piece bathroom offers enhanced daily convenience. The utility room provides laundry facilities, a workbench and additional storage. Numerous updates provide peace of mind, including fresh paint throughout (2026), roof shingles (2022), high-efficiency gas furnace (2021), central air (2021), owned Rinnai tankless water heater (2021),fully fenced backyard (2020), poured concrete pad and shed (2020), gas BBQ line (2020), and windows (2016,approx.). The generous driveway offers plenty of parking, accommodating a trailer and up to five vehicles. Conveniently located close to two elementary schools (French and English), the Waaban Crossing to the eastside, and downtown. A wonderful combination of comfort, updates, location and value-don't wait to make this one yours!

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

Closing Costs

Mortgage Amount
$380,000
Land Transfer Taxes$5,975
Legal Fees (Est.)
$
Total cash required for closing$102,475

Total Monthly Obligation

$2,572/mo
Mortgage $1,916
Monthly Loss $2,068
Principal$504
Interest$1,412
Property Tax$281
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
5.2%40
Cash-on-Cash
1.5%11
5-Year IRR
16.9%82
10-Year IRR
16.2%
Returns Index
44.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
32/ 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
$36,000/yr
NOI
$24,529/yr
Net Cash Flow
$128/mo
Cash Margin
4.3%10
Cash Flow Index
10.5/ 100
Risk Profile
Weight: 20%
DSCR
1.0732
LTV Ratio
80.0%18
Vacancy Buffer
3.7 mo63
Risk Index
38.0/ 100

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

Comparables

Properties near 55 Folger Street

Time

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