358 Queen Mary Road 509, Kingston

$270,000
358 Queen Mary Road 509

$270,000

New
22d
Condo ApartmentApartment

358 Queen Mary Road 509, Kingston

Total Monthly Obligation $2,010

Beds
2
Baths
1
Park
1
Sqft
700-799
DOM
22d
Score
21
Yield
8.0%
Cash on Cash
-1.3%
Cap Rate
4.3%
5Y IRR
14.5%
10Y IRR
13.8%
Property Type-Condo Apartment
MLS® Number-X13850892
Beds-2
Bathrooms-1
Size-700-799 sqft
Listed on site-Oct 1, 2026
Style-Apartment
Building Type-Condo Apartment
Age-51-99
Taxes-$2,431.8 (2026)
Maintenance-$518.61/mo
Locker-None
Parking-1 - None
Basement-None
Heating-Baseboard (Electric)
Brokerage-Royal Lepage Proalliance Realty
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-Immediate
Neighbourhood-25 - West of Sir John A. Blvd
Title-Residential Condo & Other

No agent assigned

Welcome to Unit 509 at 358 Queen Mary Road, where affordability, convenience, and comfort come together in one of Kingston's most desirable central locations. Offering just shy of 750 sq ft of well-designed living space, this bright 2-bedroom condo with a 4-piece bathroom presents an excellent opportunity for first-time buyers, downsizers, students, or investors. The spacious living room opens onto a lovely private balcony overlooking peaceful green space. Its orientation means you can enjoy the view without being exposed to the hot westerly afternoon sun, creating a comfortable and relaxing outdoor space. The building is clean, secure, and well maintained, with laundry conveniently located just a few doors down the hall on the same floor. Residents also enjoy access to an exercise room, games room, bike storage, visitor parking, and a beautifully maintained common room. Located just off Bath Road, you'll enjoy quick access to shopping, restaurants, parks, public transit, St. Lawrence College, Queen's University, Kingston Health Sciences Centre, and downtown Kingston-making this an ideal location for professionals, students, retirees, and commuters alike. health circumstances necessitate a quick closing and are open to offers. If you've been searching for an affordable Kingston condo with a great location, peaceful green-space views, and plenty of potential, Unit 509 at 358 Queen Mary Road is an opportunity worth seeing.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$216,000
Land Transfer Taxes$2,525
Legal Fees (Est.)
$
Total cash required for closing$58,025

Total Monthly Obligation

$2,010/mo
Mortgage $1,089
Monthly Loss $1,724
Principal$287
Interest$803
Property Tax$203
Condo Fees$519
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.2%1
5-Year IRR
9.6%33
10-Year IRR
10.6%
Returns Index
17.3/ 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
$21,504/yr
NOI
$8,298/yr
Net Cash Flow
-$398/mo
Cash Margin
-22.2%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.638
LTV Ratio
80.0%18
Vacancy Buffer
4.8 mo80
Risk Index
35.5/ 100

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

Comparables

Properties near 358 Queen Mary Road 509

Time

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