24 Kilimanjaro Drive, Loyalist

$674,900
24 Kilimanjaro Drive

$674,900

New
15d
DetachedBungalow

24 Kilimanjaro Drive, Loyalist

Total Monthly Obligation $3,097

Beds
2
Baths
2
Park
2
Sqft
1100-1500
DOM
15d
Score
19
Yield
4.1%
Cash on Cash
-3.9%
Cap Rate
3.7%
5Y IRR
12.5%
10Y IRR
12.2%
Property Type-Detached
MLS® Number-X13877310
Beds-2
Bathrooms-2
Size-1100-1500 sqft
Lot Size-40.03 × 100 ft
Listed on site-Oct 8, 2026
Style-Bungalow
Building Type-Detached
Taxes-$1 (2026)
Parking-4 - Attached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX RISE EXECUTIVES, BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick, Stone
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Mid 2027
Neighbourhood-54 - Amherstview
Title-Residential Freehold

No agent assigned

Discover The Elm, a thoughtfully designed 1,300 sq. ft. detached bungalow by ATEL Group, coming to Lot #14 at 24 Kilimanjaro Drive in Amherstview's growing Loyalist Shores community. Situated on a premium 40' 100' walkout lot with no direct rear neighbours, this pre-construction home offers privacy, modern design, and convenient single-level living.The Elm features 2 bedrooms, 2 full bathrooms, and a double-car garage. The welcoming covered front porch leads into a spacious foyer and an open-concept living area with 9' ceilings, hardwood flooring, smooth ceilings, and elegant 8' interior doors. The modern kitchen offers quartz countertops, a generous island with seating, and contemporary cabinetry, overlooking the dining area and great room-ideal for entertaining or everyday living.The primary bedroom includes two closets and a private ensuite with a walk-in shower, while the second bedroom is conveniently located near the additional full bathroom. Quality finishes include quartz bathroom countertops, ceramic tile, and carefully selected interior details. The walkout basement offers excellent potential for additional living space, with the option to explore a legal secondary suite.Conveniently located near Amherstview's main commercial area, the community offers easy access to shopping, recreational facilities, and Kingston Transit, with a new school development directly across from the community and a new daycare just down the road. Lake Ontario waterfront parks and walking trails are nearby, while downtown Kingston is a short drive away.Priced at $674,900, this is an opportunity to secure a brand-new bungalow on a desirable walkout lot with no direct rear neighbours. Anticipated occupancy is mid-2027, allowing buyers to explore available selections and personalize their future home before construction is complete. Listing price reflects the full HST rebate pursuant to new Ontario legislation for qualifying purchases completed prior to March 31, 2027.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$539,920
Land Transfer Taxes$9,973
Legal Fees (Est.)
$
Total cash required for closing$146,453

Total Monthly Obligation

$3,097/mo
Mortgage $2,722
Monthly Loss $2,381
Principal$716
Interest$2,006
Property Tax$0
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.5%1
5-Year IRR
8.8%28
10-Year IRR
9.6%
Returns Index
15.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$27,600/yr
NOI
$20,339/yr
Net Cash Flow
-$1,027/mo
Cash Margin
-44.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.628
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo52
Risk Index
26.0/ 100

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

Comparables

Properties near 24 Kilimanjaro Drive

Time

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