307 Alfred Street Kingston, Ontario K7L 3S4
$1,750,000
Incredible downtown Kingston legal 4-unit investment property seconds from Queen's University and everything else nice that Kingston has to offer. This 11 bedroom fourplex is the perfect addition to a rental portfolio offering a rare combination of stability, demand, and strong returns. The building is currently fully leased and has never been vacant - the consistent demand has been proven over the years. Owned by the same owner since 2004, this investment has paid off. Generating impressive rental yields, this property is currently bringing in over $113,000 per year! Unit 1 features 2 good sized bedrooms, along with a full kitchen and bath. Units 2, 3, & 4, are all 3 bedroom units with cozy kitchens, multiple bathrooms, big windows and large bedrooms. The charm, walkability, and lakeside lifestyle continue to attract tenants year-round. Whether you're expanding your portfolio or entering the market, this is a prime opportunity to invest in one of Ontario's most dependable university towns. (id:29295)
Property Details
| MLS® Number | X12052874 |
| Property Type | Multi-family |
| Neigbourhood | University District |
| Community Name | 14 - Central City East |
Building
| Bathroom Total | 7 |
| Bedrooms Above Ground | 9 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 11 |
| Age | 100+ Years |
| Appliances | Water Heater |
| Basement Development | Finished |
| Basement Type | N/a (finished) |
| Exterior Finish | Brick |
| Foundation Type | Stone |
| Half Bath Total | 1 |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 3 |
| Size Interior | 3,500 - 5,000 Ft2 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 116 Ft |
| Size Frontage | 27 Ft |
| Size Irregular | 27 X 116 Ft |
| Size Total Text | 27 X 116 Ft|under 1/2 Acre |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Primary Bedroom | 2.9 m | 4.11 m | 2.9 m x 4.11 m |
| Second Level | Bedroom 2 | 2.59 m | 3.35 m | 2.59 m x 3.35 m |
| Second Level | Bedroom 3 | 2.59 m | 3.35 m | 2.59 m x 3.35 m |
| Third Level | Bedroom 3 | 2.59 m | 3.35 m | 2.59 m x 3.35 m |
| Third Level | Primary Bedroom | 3.35 m | 3.66 m | 3.35 m x 3.66 m |
| Third Level | Bedroom 2 | 2.44 m | 4.57 m | 2.44 m x 4.57 m |
| Basement | Primary Bedroom | 2.74 m | 3.66 m | 2.74 m x 3.66 m |
| Basement | Bedroom 2 | 3.35 m | 2.74 m | 3.35 m x 2.74 m |
| Main Level | Primary Bedroom | 3.96 m | 4.88 m | 3.96 m x 4.88 m |
| Main Level | Bedroom 2 | 3.35 m | 4.88 m | 3.35 m x 4.88 m |
| Main Level | Bedroom 3 | 3.05 m | 4.57 m | 3.05 m x 4.57 m |
Mat Clancy
Broker
www.youtube.com/embed/ExVzyU9mXJc
matclancy.ca/
110-623 Fortune Cres
Kingston, Ontario K7P 0L5
(613) 546-4208
www.remaxrise.com/
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April 01 2025 01:50:16
Kingston & Area Real Estate Association
RE/MAX Rise Executives, Brokerage