223 Princess Street 314, Kingston

$625,000
223 Princess Street 314

$625,000

New
16d
Condo ApartmentApartment

223 Princess Street 314, Kingston

Total Monthly Obligation $3,884

Beds
2
Baths
2
Park
0
Sqft
700-799
DOM
16d
Score
16
Yield
5.3%
Cash on Cash
-8.2%
Cap Rate
2.8%
5Y IRR
9.2%
10Y IRR
9.6%
Property Type-Condo Apartment
MLS® Number-X13872604
Beds-2
Bathrooms-2
Size-700-799 sqft
Listed on site-Oct 7, 2026
Style-Apartment
Building Type-Condo Apartment
Age-0-5
Taxes-$6,468 (2026)
Maintenance-$623.88/mo
Locker-None
Parking-Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX RISE EXECUTIVES, BROKERAGE
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-Immediate
Neighbourhood-22 - East of Sir John A. Blvd
Title-Residential Condo & Other

No agent assigned

Welcome to Crown Condominium. A premium central downtown location in Kingston, Ontario. This lovely 2 bed. 2 bath condo comes complete with in-suite laundry, ensuite master bath and second main bathroom. In addition you will love the walk out terrace from the kitchen and master suite plus additional walk out balcony off the living room. Bright and airy with large windows this open plan suite is ideal for the urban professional seeking modern upscale finishes such as stainless steel appliances, smart home technology (smart door lock, lighting and thermostat)exclusive same floor locker for everyday convenience. Located in one of Kingston's most walkable and convenient locations. This building offers professionally managed concierge service, fully equipped fitness centre, party/meeting rooms, visitor parking, and a wonderful rooftop terrace with BBQ stations and lounge areas for residents and their guests. You also get bicycle storage, repair workstation and all the amenities you could wish for right outside just steps away including Market Square, hospitals, vibrant local cafes and shops.This unit is ideal for professionals, first time buyers, or anyone looking for a sleek, modern lifestyle in the heart of this vibrant community. The second bedroom offers space for an office, guest room, or roommate possibilities. Don't delay! Come and check out this gorgeous unit today. See here for photos of amenities.https://crowncondos.com/pictures/

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$500,000
Land Transfer Taxes$8,975
Legal Fees (Est.)
$
Total cash required for closing$135,475

Total Monthly Obligation

$3,884/mo
Mortgage $2,521
Monthly Loss $3,221
Principal$663
Interest$1,858
Property Tax$539
Condo Fees$624
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.4%0
5-Year IRR
6.1%15
10-Year IRR
7.8%
Returns Index
8.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$33,240/yr
NOI
$13,561/yr
Net Cash Flow
-$1,391/mo
Cash Margin
-50.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.454
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo40
Risk Index
20.7/ 100

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

Comparables

Properties near 223 Princess Street 314

Time

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