21 Cherry Street, Kingston, ON
Property no longer active
This property was sold on October 29, 2024. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2-Storey triplex located in the coveted neighborhood of 22 - East of Sir John A. Blvd. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $764,900 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 3 Bathrooms with 3 functional kitchens
- Premium 45.28 x 85 ft lot size
- Features a finished, walk-up basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available
- Notable attributes: Separate Hydro Meter
- Efficient baseboard heating via electric
Description
Great investment opportunity with this well maintained & purpose-built Downtown Kingston triplex located just a short distance from The Hub, Queens University & KGH. The first unit (basement) is comprised of 1 bedroom, 1 full 4pc bath, & is currently rented for $1,435/month + electricity & heat (landlord pays the water). The second unit (main floor) consists of 2 bedrooms, 1 full 4pc bath, & is currently rented for$1,825/month + electricity & heat (landlord pays the water). The third & final unit (second floor) features 2 bedrooms, 1 full 4pc bath, is currently rented for $1,169.50/month + electricity & heat (landlord pays the water). This fruitful property offers on-site laundry, parking, & is sure to garner the interest of potential future tenants for years to come. Don't miss the chance to add this wonderful piece of Kingston real estate to your growing investment portfolio.
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Property Summary
This triplex located at 21 Cherry Street, Kingston is currently for sale and has been available on SousaSells for 645 days. This property is listed at $764,900 with an estimated mortgage of $2,546* per month. It has 5 beds, 3 bathrooms, and is unknown square feet. 21 Cherry Street, Kingston is in the 22 - East of Sir John A. Blvd neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 21 Cherry Street, Kingston, ON K7K 3W2
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 $764,900 in Kingston, the legal minimum down payment is $51,490 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 $11,773 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 $11,773.
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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.