121 Queen St #501 is a 2-bedroom, 1-bathroom condo in Kingston, listed for $515,000. It has 900-999 sq ft of living space.
1It's newer and more thoughtfully designed than many of the city's older condo buildings, with better amenities and layouts that make good use of the space.
2Its North-facing position provides a wonderful outlook over the historic limestone church across the street, a view with genuine Kingston character.
3The building itself adds a lot to the experience.
There's a bit of a sweet spot in Kingston's downtown condo market and Anna Lane is right in the middle of it. It's newer and more thoughtfully designed than many of the city's older condo buildings, with better amenities and layouts that make good use of the space. At the same time, it doesn't look or feel like one of the purpose-built student condos found farther from the heart of downtown. This is a real home, in a well-maintained building and at a price that remains far more approachable than many of Kingston's luxury waterfront addresses. Unit 501 is a move-in ready two-bedroom condo with one full bath and a functional layout. Its North-facing position provides a wonderful outlook over the historic limestone church across the street, a view with genuine Kingston character. It's also located on the opposite side of the building from the underground garage entrance, making it a quiet place to live. The building itself adds a lot to the experience. Residents enjoy an outdoor terrace with community barbecues, a party and meeting room, a guest suite, bicycle storage, visitor parking and underground parking. And then there's the location. Anna Lane sits in the heart of downtown Kingston, only a short walk from Market Square, the waterfront, restaurants, cafes and shops. Queen's University and KGH are also easily accessible, without having to live in the middle of the undergraduate housing district. That makes unit 501 an excellent option for graduate students, professors, first-time home buyers ready to stop renting, professionals who want to walk to work or downsizers looking for something manageable without giving up the energy and convenience of downtown living. It has been exceptionally well cared for by its current owners, it's ready to move into and it has been competitively priced. For buyers who want to live in downtown but don't necessarily need or want to pay waterfront-condo prices this is a very compelling alternative.
2 bedrooms, 1 bathroom, about 900 sq ft, works out to roughly $572 per square foot. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 121 Queen St #501
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
900-999 sq ftas stated on the listing
Parking
1 spaceYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
1
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
121 Queen St #501 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
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Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,530
/mo
based on the purchase price of $515,000
$103,000 cash
$412,000 financed
$347,012 total interest
Principal54%$412,000
Interest46%$347,012
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Similar homes for sale nearby in Kingston
Other 1–3 bed homes for sale in Kingston around $515K.
Average days on market35Homes sold in about 35 days on average.
Sale-to-list ratio97.0%On average, homes sold below asking.
Active listings703Homes for sale here right now.
Median vs prior 90 days−3.6%Compared with May 5 – Aug 3, 2026: prices down.
Based on 575 sales from Aug 3 – Nov 1, 2026 (549 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
4 for sale at 121 Queen St — plus its sale and lease history.
121 Queen St #501 is listed at $515,000 (MLS® X13801108). Summitly updates the price as soon as the MLS® record changes.
Is $515,000 a good price for 121 Queen St #501?
Summitly rates it Above Market: the asking price is 5% to 15% above Zara's estimate, an estimate built from recent sales in Kingston. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 121 Queen St #501 changed?
Yes — it was first listed at $548,000 and is now $515,000, a drop of $33,000 (6.0%).
How many bedrooms and bathrooms does 121 Queen St #501 have?
121 Queen St #501 has 2 bedrooms and 1 bathroom, with about 900–999 square feet of living space. It is a condo in Kingston.
How much would the monthly mortgage be on 121 Queen St #501?
About $2,530 a month — principal and interest on $515,000 with 20% down ($103,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 121 Queen St #501 compare with other homes in Kingston?
Its asking price of $515,000 is about 12% below the median sold price in Kingston over the last 90 days, $588,000, across 575 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 121 Queen St #501 been sold before?
Summitly has no earlier MLS® sale or lease of 121 Queen St #501 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 121 Queen St #501?
121 Queen St #501 is in Kingston, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 121 Queen St #501 been on the market?
44 days — 121 Queen St #501 was listed on September 18, 2026.
What is the price per square foot of 121 Queen St #501?
About $516 to $572 per square foot: the asking price of $515,000 over the 900–999 sq ft the listing gives as its size range.
Does 121 Queen St #501 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
Does 121 Queen St #501 have a basement, and is it finished?
The listing says 121 Queen St #501 has no basement.
