QUEEN'S INVESTORS & BUYERS- Rare location. Rare lot. Rare investment opportunity. Ideally located steps from Queen's University & KGH, this exceptional 1890 limestone home combines timeless character with modern functionality. Offering 4 spacious bedrooms plus 2 additional oversized rooms, 3 bathrooms, 5 parking spaces, a detached garage, dedicated workspace, and a rare 76' x 120' lot. Turnkey and thoughtfully upgraded, all major systems have been updated, including extensive built-in cabinetry, HVAC with generator backup, central & split AC, updated electrical and plumbing, a Level 2 EV charger, and heated basement floors. Enjoy generous living and common areas, a spacious kitchen and a beautiful screened-in gazebo-perfect for relaxing or entertaining. For investors, the prime Queen's location and natural layout offer strong student rental potential. At a market rent of $1,350/month per occupant, 6 occupants represent $97,200 in potential gross annual rent. Income-producing today with four students currently in place and six-student occupancy planned for May 2027. This creates a compelling opportunity for a new owner to step into an established rent and benefit from increased income potential at the next lease cycle. A rare opportunity to own a premium, low-maintenance investment in one of Canada's most resilient student housing markets, while retaining the appeal of a distinctive downtown home. Note: This home is being rented to students for the first time. As such, it is pristine. This home has been staged using Artificial Intelligence. (id:28469)
Facts & features
Property
MLS® Number
X13847760
Property Type
Single Family
Community Name
14 - Central City East
Ownership
Freehold
Equipment Type
Water Heater
Features
Irregular Lot Size
Parking Space Total
7
Rental Equipment Type
Water Heater
Structure
Deck
Building
Bathroom Total
3
Bedrooms Above Ground
6
Bedrooms Total
6
Amenities
Fireplace(s)
Appliances
Dishwasher, Dryer, Stove, Washer, Refrigerator
Basement Development
Partially Finished
Basement Type
N/a (partially Finished)
Construction Style Attachment
Detached
Cooling Type
Central Air Conditioning
Exterior Finish
Stone
Fireplace Present
Yes
Fireplace Total
2
Fireplace Type
Insert
Foundation Type
Stone
Half Bath Total
1
Heating Fuel
Natural Gas, Wood
Heating Type
Forced Air, Heat Pump
Stories Total
2
Size Interior
2,000 - 2,500 Sqft
Type
House
Utility Water
Municipal Water
Parking
Detached Garage
—
Garage
—
Land
Acreage
No
Sewer
Sanitary Sewer
Size Depth
120 Ft
Size Frontage
76 Ft
Size Irregular
76 X 120 Ft
Size Total Text
76 X 120 Ft
Zoning Description
A
Monthly payment estimate
$
Estimated payment—per month
Mortgage amount
—
Total interest
—
Down payments under 20% typically require mortgage default insurance (CMHC), which is not included in this estimate.
Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.
Cost of ownership
Est. monthly payment
$6,062/mo
Ontario land transfer tax
$23,855 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.