3199 Princess Street, Kingston

$669,900
3199 Princess Street

$669,900

New
10d
DetachedBungalow

3199 Princess Street, Kingston

Total Monthly Obligation $3,687

Beds
5
Baths
3
Park
5
Sqft
1500-2000
DOM
10d
Score
19
Yield
5.4%
Cash on Cash
-3.2%
Cap Rate
3.9%
5Y IRR
13.0%
10Y IRR
12.6%
Property Type-Detached
MLS® Number-X14033194
Beds-5
Bathrooms-3
Size-1500-2000 sqft
Lot Size-105.76 × 138.64 ft
Listed on site-Oct 13, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$7,317.72 (2026)
Parking-6 - Attached
Basement-Full, Development Potential, Finished, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-Living Room
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-39 - North of Taylor-Kidd Blvd
Title-Residential Freehold

No agent assigned

Welcome to 3199 Princess Street, a spacious bungalow offering over 3,000 sq ft of finished living space on an excellent quarter acre lot backing onto open parkland and soccer fields. This home has been extensively upgraded and thoughtfully designed for families, investors, or multi generational families alike. The main floor features 3 bedrooms, including a primary suite with a 2-piece ensuite. A true chef's kitchen anchors the main floor, complete with a gas range, two built in ovens, a large dual door stainless steel refrigerator, a farmhouse style sink, and gorgeous caramel cabinetry throughout. The kitchen flows into a bright dining area and living room with cozy gas fireplace. The main floor bathroom features his and her sinks, and main floor laundry adds everyday convenience. SLIDING PATIO DOORS out to the Covered wooden deck. The fully finished lower level offers incredible flexibility, complete with its own separate entrance, a second kitchen, 2 additional bedrooms, a 3 piece bathroom, and its own washer and dryer, making it ideal for an in-law suite, income potential, or a legal secondary suite for the right investor. Step outside to a massive, fully fenced backyard backing directly onto parkland, a rare find offering privacy, space for kids and pets to play, and unobstructed green views with no rear neighbours. For added convenience, the property features an attached single car garage with breezeway and a wide driveway, providing ample parking for family and guests. Major mechanical and structural upgrades provide peace of mind, including a new furnace(2023), commercial capacity hot water tank (2022), full foundation waterproofing with new sump pumps (2022), updated electrical panel, newer windows, and fresh insulation throughout the home and garage. Ideally located close to schools, parks, and amenities, this move-in-ready home offers space, flexibility, and long-term value in one of Kingston's family-friendly neighbourhoods.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$535,920
Land Transfer Taxes$9,873
Legal Fees (Est.)
$
Total cash required for closing$145,353

Total Monthly Obligation

$3,687/mo
Mortgage $2,702
Monthly Loss $2,976
Principal$711
Interest$1,991
Property Tax$610
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.2%1
5-Year IRR
9.2%30
10-Year IRR
10.1%
Returns Index
16.3/ 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
$36,000/yr
NOI
$20,582/yr
Net Cash Flow
-$987/mo
Cash Margin
-32.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.638
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo42
Risk Index
22.8/ 100

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

Comparables

Properties near 3199 Princess Street

Time

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