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Investment signal

$549,900

212 RIDEAU STREET

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Beds

Baths

3 full + 1 half

Sqft

—

Year

—

Type

Multi-family

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Kingston (East of Sir John A. Blvd). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Welcome to 212 Rideau Street, a fantastic duplex in the heart of downtown Kingston! This versatile property features a spacious 4-bedroom, 1.5-bathroom unit at the front of the home and a separate 1-bedroom, 1-bathroom unit at the back, perfect for investors or those looking to offset their mortgage with rental income. Alternatively, the home could easily function as a single-family residence with an in-law suite or an income-generating apartment. Located just steps from Kingston's vibrant downtown core, this property offers easy access to restaurants, entertainment, and all essential amenities. The home shares a driveway with 210 Rideau. Outdoor enthusiasts will love being next to the K&P Trail, which runs along the scenic Cataraqui River. Don't miss this incredible opportunity to own a prime investment property in a highly desirable location. (id:65958)

Subtype: Multi-family
Structure: Duplex
Community: 22 - East of Sir John A. Blvd
Lot dimensions: 26 x 132 FT
Bedrooms: 4 above grade, 0 below grade
Parking: 0 total
Stories: 2
On market: Mar 26, 2026
Status changed: Apr 24, 2026
Annual tax: $5,167
Zoning: A
Photos: 48
MLS#: X12922354
Area: KINGSTON_(EAST_OF_SIR_JOHN_A._BLVD)

Features and systems

Parking

Detached GarageGarage

Basement

UnfinishedN/A

Appliances

WasherRefrigeratorStoveDryer

Cooling

None

Exterior

Vinyl siding

Foundation

Stone

Lot

Irregular lot sizeCarpet FreeIn-Law Suite

View

View of water

Utilities

SewerElectricityCable

Negative cash flow ~$493/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-5.38%

Cap rate

3.79%

GRM

15.8

Break-even rent

$3,419

Financing

Down payment$109,980

Loan amount$439,920

Mortgage$2,229/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$252

Insurance$80

Maintenance$458

CapEx reserve$229

Vacancy loss$145

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $2,229/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.