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307 ALFRED STREET
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307 ALFRED STREET $1,600,000
5 days ago
$1,600,000
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307 ALFRED STREET
Kingston (14 - Central City East), Ontario K7L3S4

MLS® Number: X12074413
9 + 2
Bedrooms
7
Bathrooms
3500 - 5000
Square Feet

Listing Description

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. (40222749)

Location Description

Mack Street

Property Summary

Property Type
Multi-family
Building Type
Fourplex
Storeys
3
Square Footage
3500 - 5000 sqft
Community Name
14 - Central City East
Land Size
27 x 116 FT|under 1/2 acre
Age Of Building
100+ years
Annual Property Taxes
$9,609
Parking Type
No Garage
Time on REALTOR.ca
5 days

Building

Bedrooms
Above Grade
9
Below Grade
2
Bathrooms
Total
7
Partial
1
Interior Features
Appliances Included
Water Heater, Stove, Refrigerator
Basement Type
N/A (Finished)
Building Features
Foundation Type
Stone
Heating & Cooling
Heating Type
Radiant heat (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Parking
Parking Type
No Garage
Total Parking Spaces
0

Measurements

Square Footage
3500 - 5000 sqft

Rooms

MetricImperial
Main level
Primary Bedroom
Bedroom 2
Bedroom 3
Second level
Primary Bedroom
Bedroom 2
Bedroom 3
Third level
Bedroom 3
Primary Bedroom
Bedroom 2
Basement
Primary Bedroom
Bedroom 2

Land

Lot Features
Frontage
27 ft
Land Depth
116 ft
Data provided by: Kingston & Area Real Estate Association 720 Arlington Park Place, Kingston, Ontario K7M 8H9
343-363-7653
REALTOR® Website
Email
Book showing
RE/MAX RISE EXECUTIVES, BROKERAGE
Brokerage
110-623 FORTUNE CRES
KINGSTON, Ontario K7P0L5
613-546-4208
Office Website

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