118 Napier St
14 - Central City East, Kingston, K7L 0B5
FOR SALE
$1,298,000
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6 + 2
BEDROOMS4
BATHROOMS1 + 1
KITCHENS11 + 6
ROOMSX12016811
MLSIDContact Us
Property Description
Prime Student Rental Investment steps from Queens University - An exceptional opportunity for investors! This well-maintained, all-brick house is a new construction, purpose-built student rental and perfectly designed for strong, reliable returns. Featuring 8 bedrooms, 4 bathrooms, and two self-contained units, this property offers a separate entrance in-law suite, making it highly versatile. Key Features: Spacious & bright, large windows throughout, gleaming hardwood floors. Dual Setup: 2 kitchens, 2 living rooms, dual laundry, dual meter bases, dual panels, and dual heating sources. Comfortable & quiet. Well-insulated with minimal yard work, situated in a peaceful neighbourhood with great neighbours in a convenient location, 3-minute walk to a bus stop, easy access to Queens University and downtown. Parking: Private driveway fits three cars. The current landlord takes pride in creating a true "home away from home" for students, ensuring tenant satisfaction and strong occupancy rates. With an attractive cap rate, this is a turnkey investment in one of Kingston's most desirable student rental areas.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-02-24 | 2022-04-19 | 54 | $1,150,000 | $1,100,000 | Sold |
Property Features
Hospital, Public Transit, School, School Bus Route
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
1100-1500
Lot Size
48' x 49'
Acreage
.50-1.99
Fronting
West
Taxes
$8,500 (2024)
Basement
Apartment, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Bathroom | Main | 5.31' x 8.76' | 3 Pc Bath |
| Br | Main | 12.47' x 8.50' | |
| Br | Main | 10.76' x 9.97' | |
| Kitchen | Main | 8.99' x 10.04' | |
| Living | Main | 14.67' x 10.01' | |
| Bathroom | 2nd | 8.33' x 4.76' | 4 Pc Bath |
| Bathroom | 2nd | 9.06' x 5.61' | 3 Pc Ensuite |
| Br | 2nd | 8.66' x 10.53' | |
| Br | 2nd | 10.53' x 10.14' | |
| Br | 2nd | 12.60' x 7.87' | |
| Prim Bdrm | 2nd | 12.20' x 10.60' | |
| Bathroom | Bsmt | 6.56' x 9.94' | 3 Pc Bath |
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Kingston Market Statistics
Kingston Price Trend
118 Napier St is a 6-bedroom 4-bathroom home listed for sale at $1,298,000, which is $72,000 (5.9%) higher than the average sold price of $1,226,000 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 6 bedroom home in Kingston increased by $417,000 (51.5%) compared to the previous 30 day period (December 22 - January 20) and up $456,000 (59.2%) from the same time one year ago.Inventory Change
There were 7 6-bedroom homes listed in Kingston over the last 30 days (January 21 - February 19), which is up 133.3% compared with the previous 30 day period (December 22 - January 20) and up 600.0% compared with the same period last year.Sold Price Above/Below Asking ($)
6-bedroom homes in Kingston typically sold $26,000 (2.1%) above asking price over the last 30 days (January 21 - February 19), which represents a $48,660 increase compared to the previous 30 day period (December 22 - January 20) and ($9,000) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 6-bedroom homes in Kingston over the last 30 days (January 21 - February 19) stood at 14.3%, down from 166.7% over the previous 30 days (December 22 - January 20) and down from 100.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 6-bedroom 4-bathroom home in Kingston stood at 47 days when successfully sold over the last 30 days (January 21 - February 19), compared to 59 days before being removed from the market upon being suspended or terminated.Listing contracted with Exp Realty, Brokerage
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