240 Nelson Street
Kingston, Ontario K7K4M7

6 beds · 3 baths · 1759 sqft

Would you like to own a property that has been rated to produce more energy per year than it uses? How about watching energy prices continuing to rise and replacing nervous handwringing with chuckles of satisfaction as you reap the rewards of a thoughtfully planned investment? If so, then this delightfully updated all brick 0 GJ/year EnerGuide rated home is for you. It boasts 6 bedrooms, 2.5 bathrooms, with attached 1-car garage on a large lot in the heart of downtown Kingston. Steps to Princess Street, parks, the Kingston Memorial Centre, Queen’s University, public transit, and all that downtown Kingston has to offer. A maintenance-free home updated with quality products which will stand the test of time. Recent updates include a Lennox Air Conditioner (2020), roof (2021), seamless eavestroughs with continuous leaf guards (2022), Rheem Proterra High Efficiency Hybrid Heat Pump Water Heater (2022), attic insulation & basement spray foam (2022), 200A panel, interior/exterior sewage line replacement (2023), and to top it all off… 7kWh of high density Canadian Solar rooftop mounted panels! The main level offers an updated kitchen with vinyl plank flooring, 2 refrigerators, dining room with quarter cut oak flooring, 2-piece bathroom, spacious main floor primary bedroom with walk-in closet as well as a 3-piece ensuite bathroom, and another main floor bedroom. The upper level features 4 bedrooms, high ceilings, and the main 4-piece bathroom. The exterior has been improved with maintenance-free vegetation including a row of cedar trees which will provide a natural fence bordering the 3 car driveway leading to 1 car garage. All this with a spacious, fully fenced backyard. Currently leased until April 30, 2025 at $5,420/month, with the possibility to earn even more as the garage & driveway parking are excluded from the lease. This turnkey investment is setup to give you profits from day one and will certainly triumph over the increasing energy costs of tomorrow. (id:39198)

Facts & Features

Building Type House, Detached

Year built 1900

Square Footage 1759 sqft

Stories 2

Bedrooms 6

Bathrooms 3

Parking 4

Neighbourhood22 - East of Sir John A. Blvd

Land size 0.118 ac|under 1/2 acre

Heating type Forced air

Basement typeFull (Unfinished)

Parking Type Attached Garage

Time on REALTOR.ca0 days

This home may not meet the eligibility criteria for Requity Homes. For more details on qualified homes, read this blog.

Brokerage Name: Royal LePage ProAlliance Realty, Brokerage

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Home price

$874,800

Start with 2% down and save toward 5% in 3 years*

* Exact down payment ranges from 2-10% based on your risk profile and will be assessed during the full approval process.

$7,958 / month

Rent $7,037

Savings $921

Initial deposit 2%

Savings target Fixed at 5%

Start with 5% down and save toward 5% in 3 years.

$7,013 / month

Rent $6,822

Savings $192

Initial deposit 5%

Savings target Fixed at 5%