229 Park Street, Kingston

$569,900
229 Park Street

$569,900

New
14d
DetachedBungalow

229 Park Street, Kingston

Total Monthly Obligation $3,036

Beds
2
Baths
1
Park
2
Sqft
700-1100
DOM
14d
Score
20
Yield
5.4%
Cash on Cash
-1.9%
Cap Rate
4.2%
5Y IRR
14.1%
10Y IRR
13.4%
Property Type-Detached
MLS® Number-X13884094
Beds-2
Bathrooms-1
Size-700-1100 sqft
Lot Size-40 × 82 ft
Listed on site-Oct 9, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$4,345 (2025)
Parking-2 - None
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Immediate
Neighbourhood-14 - Central City East
Title-Residential Freehold

No agent assigned

So lovely! 229 Park Street is tucked along a quiet stretch between Helen and College streets, close to parks, everyday amenities, Queen's University and downtown. This completely renovated mid-century brick bungalow blends timeless character with bright, modern design. Impeccably updated and carpet-free, it's ready to move in and enjoy! Hardwood flooring runs throughout the main, where large windows flood the open-concept living space. The gorgeous kitchen, centred around an oversized island, is the heart of the home, and 2-bedrooms, a beautifully finished bath and a charming sunroom overlooking the rear yard complete the main level. Downstairs, a finished flex space could serve as a rec room, home office or additional sleeping area. With ample storage and room to consider adding a second full bathroom, this lower level offers plenty of possibilities, including potential for an in-law setup. With its sweet curb appeal, lovely yard and extensive updates, this home is an excellent fit for first-time buyers, professionals or those looking to downsize. It may also appeal to investors seeking a turnkey rental near Queen's University! The improvements include updated electrical and plumbing, windows, insulation, doors, exterior grading, walkways, plus so much more- Come and see this charmer for yourself.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$455,920
Land Transfer Taxes$7,873
Legal Fees (Est.)
$
Total cash required for closing$123,353

Total Monthly Obligation

$3,036/mo
Mortgage $2,299
Monthly Loss $2,431
Principal$605
Interest$1,694
Property Tax$362
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%20
Cash-on-Cash
-7.3%1
5-Year IRR
10.0%35
10-Year IRR
10.6%
Returns Index
18.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$30,600/yr
NOI
$18,695/yr
Net Cash Flow
-$741/mo
Cash Margin
-29.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.689
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo53
Risk Index
26.9/ 100

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

Comparables

Properties near 229 Park Street

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.