247 Queen St
East of Sir John A. Blvd, Kingston, K7K 1B5
FOR SALE
$869,900
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5
BEDROOMS2
BATHROOMS2
KITCHENS5
ROOMSX10406012
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Property Description
Welcome to 247 Queen St, Kingston! This well-located legal duplex offers an ideal setup for a student rental or a fantastic addition to any investment portfolio. The property features two units, each with excellent rental income and strong appeal to the student market. Unit 1 is a cozy 1-bedroom, 1-bathroom apartment, currently rented at $1,775 per month. Unit 2offers spacious accommodations with 4 bedrooms and 1 bathroom, generating $3,700 monthly. Both units are designed to maximize comfort and convenience for tenants. Situated within walking distance to Queen's University, a gym, grocery stores, restaurants, and all the vibrant amenities of downtown Kingston, this property offers an unbeatable location for students and renters alike. Don't miss this rare opportunity to own a prime investment property with strong rental returns in the heart of Kingston!
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Property Features
Fenced Yard, Hospital, Public Transit, School Bus Route
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Property Details
Street
Community
City
Property Type
Duplex, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
33' x 94'
Acreage
< .50
Fronting
North
Taxes
$4,391 (2024)
Basement
None
Exterior
Stucco/Plaster
Heat Type
Forced Air
Heat Source
Electric
Air Conditioning
None
Water
Municipal
Parking Spaces
2
Driveway
Available
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Dining | Main | 9.25' x 9.68' | |
| Kitchen | Main | 8.40' x 9.65' | |
| Kitchen | Main | 9.74' x 8.10' | |
| Living | Main | 8.40' x 9.65' | |
| Living | Main | 7.51' x 9.68' | |
| Br | Main | 18.44' x 8.92' | |
| Bathroom | Main | 6.66' x 4.86' | 3 Pc Ensuite |
| 2nd Br | 2nd | 11.06' x 8.76' | |
| 3rd Br | 2nd | 10.10' x 13.55' | |
| 4th Br | 2nd | 13.39' x 9.78' | |
| 5th Br | 2nd | 14.34' x 10.33' | |
| Bathroom | 2nd | 7.15' x 9.45' | 4 Pc Bath |
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Kingston Market Statistics
Kingston Price Trend
247 Queen St is a 5-bedroom 2-bathroom home listed for sale at $869,900, which is $79,988 (10.1%) higher than the average sold price of $789,912 in the last 30 days (October 22 - November 20). During the last 30 days the average sold price for a 5 bedroom home in Kingston increased by $72,412 (10.1%) compared to the previous 30 day period (September 22 - October 21) and up $24,912 (3.3%) from the same time one year ago.Inventory Change
There were 11 5-bedroom homes listed in Kingston over the last 30 days (October 22 - November 20), which is down 8.3% compared with the previous 30 day period (September 22 - October 21) and up 1,000.0% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Kingston typically sold ($11,872) (1.5%) below asking price over the last 30 days (October 22 - November 20), which represents a $5,578 increase compared to the previous 30 day period (September 22 - October 21) and ($34,000) 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 5-bedroom homes in Kingston over the last 30 days (October 22 - November 20) stood at 936.4%, up from 16.7% over the previous 30 days (September 22 - October 21) and up from 100.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 2-bathroom home in Kingston stood at 18 days when successfully sold over the last 30 days (October 22 - November 20), compared to 71 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Rise Executives, Brokerage
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