1 Mowat Avenue 403, Kingston

$399,900
1 Mowat Avenue 403

$399,900

New
9d
Condo ApartmentApartment

1 Mowat Avenue 403, Kingston

Total Monthly Obligation $3,216

Beds
2
Baths
1
Park
1
Sqft
800-899
DOM
9d
Score
56
Yield
13.1%
Cash on Cash
17.3%
Cap Rate
8.3%
5Y IRR
29.7%
10Y IRR
26.7%
Property Type-Condo Apartment
MLS® Number-X14083634
Beds-2
Bathrooms-1
Size-800-899 sqft
Listed on site-Oct 14, 2026
Style-Apartment
Building Type-Condo Apartment
Age-51-99
Taxes-$3,337.7 (2026)
Maintenance-$1,125.19/mo
Locker-Ensuite+Owned
Parking-1 - None
Basement-None
Heating-Baseboard (Electric)
Brokerage-ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Roof-Flat
Foundation-Concrete
Possession-Flex
Neighbourhood-18 - Central City West
Title-Residential Condo & Other

No agent assigned

Discover the charm of Portsmouth Village in this bright and inviting 2-bedroom condo, perfectly positioned near Queen's University, St. Lawrence College, KGH, and the new Providence Care Hospital. Inside, a formally updated kitchen brings a modern feel to the spacious layout, with large glass doors leading to a private balcony overlooking the quiet parking area - ideal for those who prefer an open, unobstructed view without foot traffic. This well-kept building offers standout amenities, including a lakeside pool, a relaxing patio, and direct access to miles of scenic waterfront walking trails along Lake Ontario. Enjoy a comfortable, convenient lifestyle in one of Kingston's most sought-after neighbourhoods.

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

Closing Costs

Mortgage Amount
$319,920
Land Transfer Taxes$4,474
Legal Fees (Est.)
$
Total cash required for closing$85,954

Total Monthly Obligation

$3,216/mo
Mortgage $1,613
Monthly Loss $2,792
Principal$424
Interest$1,189
Property Tax$278
Condo Fees$1,125
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
6.9%61
Cash-on-Cash
9.7%48
5-Year IRR
24.2%97
10-Year IRR
22.6%
Returns Index
70.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeB
56/ 100
Fair•Hold / Negotiate

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

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$52,188/yr
NOI
$27,729/yr
Net Cash Flow
$698/mo
Cash Margin
16.0%55
Cash Flow Index
55.2/ 100
Risk Profile
Weight: 20%
DSCR
1.4367
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
44.7/ 100

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

Comparables

Properties near 1 Mowat Avenue 403

Time

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Data last updated within the past 24 hours.