Kingston, ON · · MLS® X13228856Updated
$2,375,000
48 Stephen St is an investment in Kingston, listed for $2,375,000.
Coldwell Banker Summit Realty, BrokerageZara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Well-located 12-unit apartment building in Kingston's highly sought-after Inner Harbour District. The property generates a current NOI of $106,803 and is approximately 21% under-rented across the building, offering immediate and measurable upside through rent optimization. The building is in good overall condition, with several capital improvements already completed. Rents are inclusive, with landlord-paid utilities, creating potential for future expense optimization. On-site parking enhances tenant appeal and long-term stability. This asset qualifies for CMHC MLI-Select-style financing, making it an attractive opportunity for investors seeking leverage, income growth, and a strong downtown location with limited multi-residential supply. Full financials, rent roll, and supporting documentation are available in the data room. Serious buyers are encouraged to review the materials to fully understand the income upside and financing potential.
Kingston investment priced at $2,375,000 — book a tour to see if it fits your search.
Every detail from the listing, in one place.
Lot & land
Listing & possession
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works
Closed sales on the TRREB MLS®.
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Listing brokerage: RE/MAX RISE EXECUTIVES, BROKERAGEMLS® X13228856 · Listing data last updated
Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Other 20-bed homes for sale in Kingston around $2.4M.
Homes for sale in Kingston
Every active Kingston MLS® listing, updated all day.
Curated MLS® searches this property belongs to — same city, same shape of home.
Based on 600 sales from Jul 25 – Oct 23, 2026 (547 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
48 Stephen St is listed at $2,375,000 (MLS® X13228856). Summitly updates the price as soon as the MLS® record changes.
No — 48 Stephen St is still listed at its original asking price of $2,375,000.
The listing for 48 Stephen St doesn't publish its bedroom and bathroom count. It is a commercial property in Kingston.
Its asking price of $2,375,000 is about 303% above the median sold price in Kingston over the last 90 days, $590,000, across 600 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.
Summitly has no earlier MLS® sale or lease of 48 Stephen St on record from the last two years. Older records aren't shown under TRREB rules.
48 Stephen St is in Kingston, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
143 days — 48 Stephen St was listed on June 2, 2026.
About $45,850 in Ontario land transfer tax at the asking price of $2,375,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
The listing for 48 Stephen St doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Kingston.
The listing for 48 Stephen St doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
