501 - 652 PRINCESS STREET, Kingston (Central City East)

$299,999

For sale: Apartment

Apartment at 501 - 652 PRINCESS STREET, Kingston (Central City East)
Property type
Condo Apartment
Bedrooms / bathrooms
1 bedroom, 1 bathroom
Living area
499 sqft
MLS®
MLS® X13570422
Neighbourhood
14 - Central City East

Welcome to Sage Kingston, a contemporary condominium ideally situated in the heart of Kingston. This well-appointed south-facing 1-bedroom, 1-bathroom suite offers an efficient open-concept layout designed to maximize natural light and functionality. The modern kitchen features quality cabinetry, granite counters and stainless steel appliances, while the bright living area offers ample workspace and opens to a private balcony. Suite 501 is being sold fully furnished and includes a storage locker, making it an ideal turnkey investment or future residence. Currently rented on a month-to-month basis for $1,947 per month to an excellent tenant who is happy to remain and also willing to go, this property offers immediate rental income with exceptional flexibility for investors. Based on the current income and operating expenses, the property generates positive cash flow. Professional property management isavailable through either Sage Property Management or Heron Management, the current management company utilized by the seller, providing a convenient, low-maintenance ownership experience. Residents enjoy premium building amenities including a fully equipped fitness centre, rooftop terrace and garden, party/meeting room, secure entry, bike storage, and on-site management. Conveniently located within walking distance of Queen's University, Kingston General Hospital, downtown Kingston, public transit, shopping, restaurants, and everyday amenities, Sage Kingston continues to be one of the city's most sought-after locations for students and professionals alike. This is an outstanding opportunity to acquire a fully furnished, immediate-income-producing condo in a professionally managed building with strong long-term rental appeal.

Sold data

Homes in Central City East — recent sold market

Homes in Central City East took a median of 33 days to sell over the last 90 days, with the quickest quarter selling within 11 days and the slowest quarter taking more than 60, across 42 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 48 days.

The median sale price was $697,450.

Homes sold for about 4.2% below asking on average, so there was room to negotiate.

About 12% of sales closed above the list price.

Around 21% of sellers reduced their price before finding a buyer.

Median days to sell
33
Median sale price
$697,450
Sale-to-list ratio
95.8%
Sold above asking
12%

Based on 42 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Kingston (Central City East)

Kingston (Central City East) has 38 Fraser Institute–rated schools (29 elementary and 9 secondary), averaging 5.8/10.

Rated schools
38
Elementary
29
Secondary
9
Average rating
5.8 / 10

Top-rated schools in Kingston (Central City East)

  • R Gordon Sinclair — elementary, KingstonFraser rating 8.2/10
  • Monseigneur Rémi-Gaulin — elementary, KingstonFraser rating 7.8/10
  • Rideau — elementary, KingstonFraser rating 7.8/10
  • Archbishop O'Sullivan — elementary, KingstonFraser rating 7.7/10
  • Madeleine-de-Roybon — elementary, KingstonFraser rating 7.7/10
  • Winston Churchill — elementary, KingstonFraser rating 7.7/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 501 - 652 PRINCESS STREET