248 Collingwood St
Central City East, Kingston, K7L 3X8
FOR SALE
$1,499,000
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5 + 3
BEDROOMS2
BATHROOMS1
KITCHENS8
ROOMSX10406469
MLSIDContact Us
Property Description
PRIME Location, Premium Investment Property! This solid all brick 2 storey + with generously sized paved driveway, detached garage on low maintenace lot, Featuring spacious common areas, modern finishes, and ample natural light, this property offers both comfort and functionality. The eight generously sized bedrooms provide versatility for a variety of living arrangements, ensuring strong rental appeal. ONLY 3-5 min walk to Queens University, Gord Downie Pier and 10 min walk to KGH this property is always fully occupied with a waiting list due to its excellent locations which carries great value being worry free, knowing you have a line up of tenants.One of the standout features of this investment is the solar income generated from the installed solar panels. Enjoy the additional benefit of selling excess energy back to the grid and make an additional $500 a month aprox, creating a sustainable income stream that enhances your return on investment. (Solar contract until 2032 at .80 cents per KW) (2025-2026 lease Income total $105,000.00 -Tenants pays all utilities )The location is unbeatable within walking distance of local amenities, parks, and public transportation, making it a dream for tenants and labeled a "bikers paradise". Nearby parks include Victoria Park, Churchill Park, Oakridge Park and Tindall Field. Property is fully rented - Turn Key Income available upon request. (All appliances included)
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2019-07-18 | 2019-07-21 | 38 | $970,000 | $945,000 | Sold |
Extras
Mandatory Schedule B to be included in all Offers - in Document section. Deposit information in Document section.
Property Features
Beach, Golf, Hospital, Park, Public Transit, School
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
53' x 95'
Acreage
< .50
Fronting
West
Taxes
$8,870 (2024)
Basement
Finished, Full
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Available
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Br | Bsmt | 9.09' x 13.29' | |
| Br | Bsmt | 12.34' x 20.57' | |
| Br | Bsmt | 12.01' x 15.29' | |
| Br | Main | 10.66' x 13.06' | |
| Br | Main | 14.11' x 13.02' | |
| Dining | Main | 11.65' x 11.78' | |
| Kitchen | Main | 14.04' x 10.01' | |
| Living | Main | 11.65' x 12.14' | |
| Br | 2nd | 10.73' x 10.20' | |
| Br | 2nd | 10.66' x 10.73' | |
| Br | 2nd | 10.73' x 11.68' |
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Kingston Market Statistics
Kingston Price Trend
248 Collingwood St is a 5-bedroom 2-bathroom home listed for sale at $1,499,000, which is $709,088 (89.8%) 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 Finest Realty Inc., Brokerage
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