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Investment signal

$584,900

2706 HIGHWAY 38

Save this home

Beds

5

Baths

4 full + 1 half

Sqft

Year

Type

Single Family

Suite

Suite potential

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Frontenac (Frontenac South). 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 2706 Highway 38 in Elginburg, just north of Kingston, Ontario! This tastefully upgraded property offers flexibility, income potential, and turnkey peace of mind. Featuring two completely self contained units, each with separate hydro meters, making it ideal for multi-generational living, owner occupied rental, or investment. The main Unit offers 3 Bedrooms and 2 Bathrooms, and has been thoughtfully renovated from top to bottom. The layout includes a primary bedroom on the main floor and showcases an extensive list of upgrade including new plumbing, remodelled bathrooms, new flooring throughout, fresh paint, updated kitchen appliances, new propane furnace, new electric heat pump & central A/C (through furnace), spray foam insulation in basement, updated electrical and modern lighting throughout creating comfort, efficiency, and modern finishes on this side of the home. The second unit offers 2 Bedrooms, 1.5 Bathrooms and is equally impressive, providing a warm and inviting atmosphere with a new WETT-certified wood stove and extensive updates including updated kitchen with appliances, renovated bathrooms, plus laundry updates, updated plumbing, new flooring, fresh paint, updated electrical and lighting throughout, new electric heat pumps (one on each level), new upstairs baseboard heaters. Every major mechanical and cosmetic component has been addressed, creating a low maintenance, move-in ready opportunity. Whether you are looking to offset your mortgage with rental income, expand your investment portfolio, or accommodate extended family, 2706 Highway 38 delivers versatility, efficiency, and value, all just minutes from Kingston amenities while enjoying the charm of Elginburg living. A rare opportunity with this level of upgrades doesn't come along often! Full list of renovations available upon request. (id:65958)

Subtype
Single Family
Structure
House
Community
47 - Frontenac South
Common interest
Freehold
Lot dimensions
154 x 150 FT
Bedrooms
3 above grade, 2 below grade
Parking
6 total
Stories
1.5
Fireplace
3
On market
Apr 8, 2026
Status changed
Apr 20, 2026
Annual tax
$3,782.42 (2026)
Zoning
C2, R1
Photos
31
MLS#
X12969626
Area
FRONTENAC_(FRONTENAC_SOUTH)

Features and systems

Parking

No Garage

Basement

UnfinishedPartial

Appliances

WasherDishwasherDryerWater TreatmentTwo stovesWindow CoveringsWater HeaterTwo Refrigerators

Heating

Heat PumpBaseboard heatersForced airNot knownNot knownNot knownNot knownElectricElectricPropaneWoodOther

Cooling

Central air conditioning

Exterior

Vinyl siding

Foundation

StoneBlock

Lot

Irregular lot sizeLightingCarpet FreeSump Pump

Community

School Bus

Utilities

ElectricityCableTelephoneWirelessElectricity Connected
Negative cash flow ~$315/mo at these assumptions

Cash on cash

-3.23%

Cap rate

4.22%

GRM

14.8

Break-even rent

$3,632

Financing

Down payment$116,980
Loan amount$467,920
Mortgage$2,371/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$268
Insurance$80
Maintenance$487
CapEx reserve$244
Vacancy loss$165

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 $2,371/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 20, 2026.

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