Nelson St
Central City East, Kingston
$789,000
Buy with Dwelly and Save $7,890
Home Details
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Listing Description
Located just a short walk from Queens University downtown Kingston, 135 Nelson Street presents a prime opportunity to own a fully leased, turnkey student rental in one of Kingston's most sought-after investment areas. This five-bedroom, one-and-a-half-bath home is currently rented at $850 per room, with all tenants in place until April 2026 and an option to renew. The property has been a consistently strong-performing investment and has undergone a full facelift since purchase, including a rebuilt back deck, new front wooden steps, a fresh cement walkway, and an attic insulation top-up for improved efficiency. The home feels bright and airy, and has been a pleasure to lease out. The natural gas furnace was serviced last fall, and the roof was replaced in 2019. Another standout feature is the huge backyard - rare for the area - offering extra space for outdoor enjoyment or potential future use. The home also includes three parking spots, on-site laundry in the basement, and comes fully furnished, including a recently updated fridge and stove. With reliable second-year student tenants, strong rental income, and minimal upkeep required, this is a truly hands-off investment in the heart of Kingston's university district.
All existing furniture on site minus tenant belongings.
City: Kingston
Neighborhood: Central City East
Property History
Rooms
Room dimensions for Nelson St, Kingston
Market Trends and Insights
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Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $789000 |
| Down Payment | $157800 |
| Mortgage Insurance | $0 |
| Total Mortgage | $631200 |
Monthly Payment
| Mortgage Payment | $3890 |
| Property Taxes | $393 |
| Maintenance Fees | $0 |
| Monthly Payment | $4282 |
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About Nelson St, Kingston
Located at 135 Nelson St , this Kingston house is available for sale. This property was listed for $789,000 on Wed Nov 26 2025. This house's size is 1500-2000 Sqft. It has 5 bedrooms and 2 bathrooms. The property includes the following rooms: Foyer, Living, Kitchen, Primary, 2nd Br, 3rd Br, 4th Br, 5th Br. This property comes with 3 parking spots. 135 Nelson St, Kingston is situated in the Central City East neighbourhood.
MLS#: X12577974 · $789,000 · 5 bedroom house in Central City East, Kingston