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Investment signal

$1,150,000

255-257 EARL STREET

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Beds

Baths

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 (Central City East). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Positioned directly across from the Queen's ARC and steps to campus, this corner propertydelivers an exceptional student rental location with consistently high demand year after year. Comprised of two semi-detached units under one ownership, the property is currently configured as a three-bedroom and a four-bedroom, maximizing rental income and tenant appeal. The layout is ideally suited for student housing, with strong leasing history and full occupancy in place. Set on a compact, low-maintenance lot, this is an efficient, easy-to-manage asset designed forsteady cash flow. The proximity to campus, athletic facilities, and everyday amenities ensures ongoing demand and minimal vacancy risk.A rare opportunity to secure a high-performing student rental in one of Kingston's mostsought-after locations for Queen's students. (id:65958)

Subtype: Multi-family
Structure: Duplex
Community: 14 - Central City East
Lot dimensions: 48.6 x 32.9 FT
Bedrooms: 7 above grade
Parking: 0 total
Stories: 2
On market: Mar 24, 2026
Status changed: Apr 24, 2026
Annual tax: $8,941 (2025)
Photos: 36
MLS#: X12915998
Area: KINGSTON_(CENTRAL_CITY_EAST)

Features and systems

Parking

No Garage

Basement

Crawl space

Appliances

WasherRefrigeratorStoveRangeDryerMicrowave

Heating

Baseboard heatersElectric

Cooling

None

Exterior

Vinyl siding

Foundation

Unknown

Utilities

SewerElectricity

Negative cash flow ~$1,244/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

-6.49%

Cap rate

3.57%

GRM

16.7

Break-even rent

$7,059

Financing

Down payment$230,000

Loan amount$920,000

Mortgage$4,662/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$527

Insurance$80

Maintenance$958

CapEx reserve$479

Vacancy loss$288

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 $4,662/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.