135 Nelson Street, Kingston, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of 14 - Central City East. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $749,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 5 Bedrooms and 2 Bathrooms
- Generous living space spanning 1500-2000 sqft on a premium 33 x 132 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available
- Notable attributes: Primary Bedroom - Main Floor
- Efficient forced air heating via gas
Description
Located just a short walk from Queens University downtown Kingston, 135 Nelson Street presents a prime opportunity to own a fully leased, turnkey student rental in one of Kingston's most sought-after investment areas. This five-bedroom, one-and-a-half-bath home is currently rented at $850 per room, with all tenants in place until April 2026. A new owner will have the opportunity to rent at a higher rate. The property has been a consistently strong-performing investment and has undergone a full facelift since purchase, including a rebuilt back deck, new front wooden steps, a fresh cement walkway, and an attic insulation top-up for improved efficiency. The home feels bright and airy, and has been a pleasure to lease out. The natural gas furnace was serviced last fall, and the roof was replaced in 2019. Another standout feature is the huge backyard - rare for the area - offering extra space for outdoor enjoyment or potential future use. The home also includes three parking spots, on-site laundry in the basement, and comes fully furnished, including a recently updated fridge and stove. With reliable second-year student tenants, strong rental income, and minimal upkeep required, this is a truly hands-off investment in the heart of Kingston's university district.
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Property Summary
This detached home located at 135 Nelson Street, Kingston is currently for sale and has been available on SousaSells for 188 days. This property is listed at $749,000 with an estimated mortgage of $2,493* per month. It has 5 beds, 2 bathrooms, and is 1500-2000 square feet. 135 Nelson Street, Kingston is in the 14 - Central City East neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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Property Details
Parking & Garage
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Interior Features
Primary Bedroom - Main Floor
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Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 135 Nelson Street, Kingston, ON K7L 3W9
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Kingston, ON
For a property listed at $749,000 in Kingston, the legal minimum down payment is $49,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $11,455 for this transaction. As this listing is in Kingston (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $11,455.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.