2 Bay Street 302, Kingston

$569,900
2 Bay Street 302

$569,900

New
9d
Condo Apartment1 Storey/Apt

2 Bay Street 302, Kingston

Total Monthly Obligation $3,804

Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
9d
Score
17
Yield
6.1%
Cash on Cash
-7.3%
Cap Rate
3.0%
5Y IRR
9.8%
10Y IRR
10.1%
Property Type-Condo Apartment
MLS® Number-X14030618
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 14, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-31-50
Taxes-$4,641.07 (2026)
Maintenance-$918.58/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Baseboard (Electric)
Brokerage-RE/MAX FINEST REALTY INC., BROKERAGE
Cooling-Other
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Roof-Metal
Possession-Immediate
Neighbourhood-22 - East of Sir John A. Blvd
Title-Residential Condo & Other

No agent assigned

A rare acquisition opportunity in one of Kingston's heritage buildings, the Bajus Condominiums places investors steps from Queen's University and the downtown core, two of the city's most reliable tenant demand anchors. This bright, well-maintained 2-bedroom, 2 full bathroom suite offers a practical layout with broad appeal across professional, graduate student, anddownsizer tenant segments. Key value drivers include one garage parking space, a newly installed heat pump supporting energy efficiency and tenant comfort, and a comprehensive amenity package: rooftop patio, fitness room, sauna, lounge, and games room - all features that strengthen retention and support premium rental positioning. The building's prime location delivers immediate walkability to Kingston's top dining, retail, and waterfront trails, reducing vacancy risk and sustaining demand across market cycles. A well-maintained suite in anamenity-rich building at this address represents a long-term hold in a high-demand urban corridor.

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(utilities, internet...)
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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

$3,804/mo
Mortgage $2,299
Monthly Loss $3,199
Principal$605
Interest$1,694
Property Tax$387
Condo Fees$919
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.3%13
Cash-on-Cash
-11.9%0
5-Year IRR
6.6%16
10-Year IRR
8.2%
Returns Index
9.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$34,476/yr
NOI
$12,964/yr
Net Cash Flow
-$1,218/mo
Cash Margin
-42.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.474
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo41
Risk Index
21.1/ 100

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

Comparables

Properties near 2 Bay Street 302

Time

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