581 Division Street, Kingston

$479,900
581 Division Street

$479,900

New
8d
DetachedBungalow

581 Division Street, Kingston

Total Monthly Obligation $2,540

Beds
2
Baths
1
Park
2
Sqft
700-1100
DOM
8d
Score
25
Yield
6.4%
Cash on Cash
3.3%
Cap Rate
5.3%
5Y IRR
18.2%
10Y IRR
16.8%
Property Type-Detached
MLS® Number-X14080338
Beds-2
Bathrooms-1
Size-700-1100 sqft
Lot Size-40 × 100 ft
Listed on site-Oct 15, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$2,746.62 (2026)
Parking-2 - None
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX FINEST REALTY INC., BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-tbd
Neighbourhood-22 - East of Sir John A. Blvd
Title-Residential Freehold

No agent assigned

Pride of ownership is evident throughout this beautifully maintained all-brick bungalow offering approximately 1475 sqft. of living space in the heart of Kingston. Situated in a convenient central location, you'll enjoy easy access to schools, parks, shopping, restaurants, and downtown. Designed for both everyday living and entertaining, the main floor features a bright, open layout with hardwood and ceramic flooring, updated windows, and a stylishly renovated kitchen that overlooks the spacious living area. The welcoming design creates a warm and functional space for family and friends to gather. The finished lower level expands the home's living space with a generous recreation room and a separate multi-purpose area that was previously operated as a home salon. Whether you're looking for a home business space, office, fitness room, guest accommodations, or the potential for an in-law suite, this level offers endless possibilities. Step outside and discover a private backyard designed for relaxation. The fully fenced yard is beautifully landscaped and includes a large deck, a steel gazebo for shaded outdoor enjoyment, a separate covered BBQ area, and a storage shed for all your outdoor essentials. A covered front porch adds welcoming curb appeal, while the paved driveway provides ample parking. Offering exceptional care, flexible living spaces, and an unbeatable central location, this move-in-ready home is an outstanding opportunity for families, retirees, or anyone seeking a property that is as practical as it is inviting.

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

Closing Costs

Mortgage Amount
$383,920
Land Transfer Taxes$6,073
Legal Fees (Est.)
$
Total cash required for closing$103,553

Total Monthly Obligation

$2,540/mo
Mortgage $1,936
Monthly Loss $2,030
Principal$509
Interest$1,426
Property Tax$229
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.2%29
Cash-on-Cash
-2.8%4
5-Year IRR
13.4%61
10-Year IRR
13.3%
Returns Index
31.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
25/ 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
$20,293/yr
Net Cash Flow
-$245/mo
Cash Margin
-9.6%1
Cash Flow Index
0.7/ 100
Risk Profile
Weight: 20%
DSCR
0.8718
LTV Ratio
80.0%18
Vacancy Buffer
3.7 mo65
Risk Index
33.7/ 100

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

Comparables

Properties near 581 Division Street

Time

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