Great income, bringing in $125,000 in annual rent. Fully renovated 4-plex in an amazing location close to Queen's University, St. Lawrence College and Teachers College. The main building has 3 spacious units with two 3-bedroom units, one 4-bedroom unit, and an additional 1-bedroom separate unit. This 4-plex has been renovated from top to bottom, with new kitchens, bathrooms, flooring, and new 400-AMP electrical and plumbing systems. Each unit has its own laundry. The basement unit and the separate unit are completely new. All units are currently rented at great market rent. Great returns on this property with minimal effort required, with no work at all to be done to this property for a long time. Total annual expenses for taxes, maintenance, property manager, utilities and insurance are $22,000. Schedule your private viewing today.
8 bedrooms, 4 bathrooms, about 2,000 sq ft, works out to roughly $788 per square foot. Chat with Zara if you'd like a deeper read on whether this multiplex fits your budget and timing.
Inside 493 College St
Every detail from the listing, in one place.
Type
Multiplex
Style
2-Storey
Living space
2000-2500 sq ftas stated on the listing
Parking
6 spacesYes garage
Basement
Full, Finished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
6
Interior
Basement
Full · Finished
Lot & land
Lot size (sqft)
0.132
Listing & possession
Property style
2-Storey
Property class
Multiplex
493 College St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14098082$1,575,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 493 College St Compares to the Kingston Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
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
$7,738
/mo
based on the purchase price of $1,575,000
$315,000 cash
$1,260,000 financed
$1,061,251 total interest
Principal54%$1,260,000
Interest46%$1,061,251
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.
For homeowners nearby
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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.
Keep looking near 493 College St
Homes for sale in Kingston
Every active Kingston MLS® listing, updated all day.
Average days on market34Homes sold in about 34 days on average.
Sale-to-list ratio97.1%On average, homes sold below asking.
Active listings697Homes for sale here right now.
Median vs prior 90 days−2.5%Compared with Apr 25 – Jul 24, 2026: prices down.
Based on 613 sales from Jul 24 – Oct 22, 2026 (547 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 493 College St
How much is 493 College St listed for?
493 College St is listed at $1,575,000 (MLS® X14098082). Summitly updates the price as soon as the MLS® record changes.
Is $1,575,000 a good price for 493 College St?
Summitly rates it Well Above Market: the asking price is 15% or more 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 493 College St changed?
No — 493 College St is still listed at its original asking price of $1,575,000.
How many bedrooms and bathrooms does 493 College St have?
493 College St has 8 bedrooms and 4 bathrooms, with about 2,000–2,500 square feet of living space. It is a multiplex in Kingston.
How much would the monthly mortgage be on 493 College St?
About $7,738 a month — principal and interest on $1,575,000 with 20% down ($315,000), 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 493 College St compare with other homes in Kingston?
Its asking price of $1,575,000 is about 167% above the median sold price in Kingston over the last 90 days, $590,000, across 613 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 493 College St been sold before?
Summitly has no earlier MLS® sale or lease of 493 College St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 493 College St?
493 College St is in Kingston, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 493 College St been on the market?
2 days — 493 College St was listed on October 20, 2026.
What is the price per square foot of 493 College St?
About $630 to $788 per square foot: the asking price of $1,575,000 over the 2,000–2,500 sq ft the listing gives as its size range.
Does 493 College St have parking or a garage?
Yes — the listing gives 6 parking spaces. Garage: Yes.
Does 493 College St have a basement, and is it finished?
The listing describes the basement as: Full, Finished.
