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Ontario
Kingston (East of Sir John A. Blvd)
405 - 501 FRONTENAC STREET

$569,000

405 - 501 FRONTENAC STREET, Kingston (East of Sir John A. Blvd), Ontario, K7K 4L9

QuickQuote^TM: $456K - $612K

MLS® # X11929936

3 Beds

1 Bath

999.992 - 1198.9898 FEETSQ sqft

Property Information:

This beautiful condo is conveniently located within walking distance to Queen's University and all downtown cultural attractions, restaurants, shoppes, and parks. The unit features a large living room, 3 spacious bedrooms, 1 full bathroom, 9-foot high ceilings, a kitchen with quartz countertops, and an in-suite laundry. The building amenities include in-suite programmable thermostat controls for personalized heating and cooling and integrated smoke and heat detectors. The building amenities include keyless entry for residents, a rooftop terrace with a BBQ, a fitness room, and secure parking. Schedule your private viewing today. (id:27)

Building Features:

Style: Apartment
Building Type: Apartment
Amenities: Exercise Centre, Recreation Centre, Separate Heating Controls
Exterior Finish: Brick
Fire Protection: Smoke Detectors
Floor Space: 999.992 - 1198.9898 sqft
Foundation Type: Unknown
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Dishwasher, Dryer, Stove, Washer, Refrigerator

Property Features:

OwnershipType: Condominium/Strata
Property Type: Single Family
Bedrooms: 3
Bathrooms: 1
Amenities Nearby: Public Transit, Schools, Hospital
Community Features: Pet Restrictions
Condo Fees: $408 Monthly
Features: Flat site, In suite Laundry
Floor Space (approx): 999.992 - 1198.9898 Square Feet
MaintenanceFee Type: Heat, Common Area Maintenance, Water
Zoning: B3.452
Parking Type: Underground
No. of Parking Spaces: 1

Rooms:

Kitchen Flat/Apartment Level 3.70 m x 2.75 m
Living Flat/Apartment Level 4.60 m x 3.70 m
Bedroom Flat/Apartment Level 5.48 m x 2.90 m
2nd Bedroom Flat/Apartment Level 4.26 m x 2.89 m
3rd Bedroom Flat/Apartment Level 4.26 m x 2.88 m
Laundry Flat/Apartment Level 1.82 m x 1.37 m

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Courtesy of: EXP REALTY, BROKERAGE

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Potential Investment Performance

Cumulative ROI

90.4%

Cumulative Market Appreciation

$157,204

Net Operating Income in Year 5

$19,913

Cash on Cash Return in Year 5

-5.3%

Assumptions

Market Appreciation Per Year

Rent Increase Per Year

Expense Increase Per Year

The information below is based on user inputs and general assumptions for informational purposes only. The outputs are not legal, financial, investment, or other advice. Review all fields for accuracy and consult an agent for guidance.

Mortgage Calculator

Mortgage
Purchase Price	$
Down Payment %	$113,800
Mortgage Amount	$455,200
Mortgage Payment %	$2,361

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$2,379

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Condo/Strata Fees	$
Total Operating Expenses	$940
Net Operating Income	$1,438

Debt Service
Mortgage Payment	$2,361

Net Cash Flow	-$923

Cap Rate

3.03%

Acquistion Costs

Down Payment $113,800

Land Transfer Tax $7,855

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $123,655

Components of Return

Potential Returns

	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7	Year 8	Year 9	Year 10
Investments
Down Payment	$113,800	-	-	-	-	-	-	-	-	-
Closing Costs	$9,855	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$7,082	$7,422	$7,779	$8,153	$8,545	$8,956	$9,386	$9,837	$10,310	$10,806
Total	$130,737	$7,422	$7,779	$8,153	$8,545	$8,956	$9,386	$9,837	$10,310	$10,806
Cash Invested	$130,737	$138,160	$145,939	$154,093	$162,638	$171,594	$180,981	$190,819	$201,129	$211,935

Rental Cash Flows
Rent and other income	$28,548	$29,404	$30,286	$31,195	$32,131	$33,095	$34,088	$35,110	$36,164	$37,249
Operating Expenses	-$11,287	-$11,542	-$11,803	-$12,070	-$12,344	-$12,624	-$12,910	-$13,204	-$13,504	-$13,811
Mortgage Payment	-$28,342	-$28,342	-$28,342	-$28,342	-$28,342	-$28,342	-$28,342	-$28,342	-$28,342	-$28,342
Net Cash Flow	-$11,080	-$10,479	-$9,858	-$9,217	-$8,555	-$7,871	-$7,164	-$6,435	-$5,682	-$4,904

Returns
Property Price Appreciation	$28,450	$29,872	$31,366	$32,934	$34,581	$36,310	$38,125	$40,032	$42,033	$44,135
Mortgage Paydown	$7,082	$7,422	$7,779	$8,153	$8,545	$8,956	$9,386	$9,837	$10,310	$10,806
Net Cash Flow	-$11,080	-$10,479	-$9,858	-$9,217	-$8,555	-$7,871	-$7,164	-$6,435	-$5,682	-$4,904
Total Return	$24,451	$26,815	$29,287	$31,870	$34,571	$37,395	$40,347	$43,434	$46,661	$50,036
Cumulative Return	$24,451	$51,267	$80,554	$112,424	$146,996	$184,391	$224,739	$268,173	$314,834	$364,871

Investment Metrics
Cumulative ROI	18.7%	37.1%	55.2%	73.0%	90.4%	107.5%	124.2%	140.5%	156.5%	172.2%
Cash On Cash	-8.5%	-7.6%	-6.8%	-6.0%	-5.3%	-4.6%	-4.0%	-3.4%	-2.8%	-2.3%