2 Mowat Avenue 806, Kingston

$425,000
2 Mowat Avenue 806

$425,000

New
15d
Condo ApartmentApartment

2 Mowat Avenue 806, Kingston

Total Monthly Obligation $3,597

Beds
3
Baths
2
Park
1
Sqft
1000-1199
DOM
15d
Score
80
Yield
19.8%
Cash on Cash
45.1%
Cap Rate
14.3%
5Y IRR
53.9%
10Y IRR
49.9%
Property Type-Condo Apartment
MLS® Number-X13878214
Beds-3
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 8, 2026
Style-Apartment
Building Type-Condo Apartment
Age-51-99
Taxes-$4,418.55 (2026)
Maintenance-$1,314.53/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Baseboard (Electric)
Brokerage-ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-18 - Central City West
Title-Residential Condo & Other

No agent assigned

Welcome to the highly sought-after "Frontenac Condominium", located in historic Portsmouth Village on the shores of Lake Ontario. Offering exceptional recreational amenities and a vibrant community atmosphere, this bright, well-maintained, and lovingly cared-for 3-bedroom, 1.5-bath corner suite is the perfect place to enjoy carefree condominium living. The functional galley-style kitchen features warm wood cabinetry, a convenient pantry, appliances and easy access to the adjoining dining and living areas. Relax and unwind in the inviting solarium, where breathtaking panoramic views provide the perfect backdrop for your morning coffee or afternoon tea. The spacious bedrooms offer wood floors, large windows and generous closet space. The oversized primary bedroom comfortably accommodates a King-sized bed and features a walk-in closet and private two-piece ensuite. Additional conveniences include an in-unit storage room, a separate storage locker and an indoor parking space. Residents enjoy an impressive selection of amenities, including an outdoor saltwater pool, sauna, fitness room, party room and two guest suites. Condo fees include heat, hydro, water and sewer, exterior maintenance, parking, and snow removal, providing exceptional value and peace of mind. Ideally situated on public transit routes and just minutes from parks, waterfront trails, shopping, and everyday amenities, this is an outstanding opportunity for those seeking comfort, convenience, and an active lifestyle in one of Kingston's most desirable waterfront communities.

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

Closing Costs

Mortgage Amount
$340,000
Land Transfer Taxes$4,975
Legal Fees (Est.)
$
Total cash required for closing$91,475

Total Monthly Obligation

$3,597/mo
Mortgage $1,714
Monthly Loss $3,146
Principal$451
Interest$1,263
Property Tax$368
Condo Fees$1,315
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
12.5%96
Cash-on-Cash
35.5%100
5-Year IRR
46.2%100
10-Year IRR
43.1%
Returns Index
99.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeA
80/ 100
Good•Buy

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$84,000/yr
NOI
$53,007/yr
Net Cash Flow
$2,703/mo
Cash Margin
38.6%99
Cash Flow Index
99.1/ 100
Risk Profile
Weight: 20%
DSCR
2.58100
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo41
Risk Index
52.8/ 100

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

Comparables

Properties near 2 Mowat Avenue 806

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.

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Data last updated within the past 24 hours.