ON > Kingston > 14 - Central City East
Kingston, ON K7L 3S4,307 Alfred ST
Kingston, ON K7L 3S4,307 Alfred ST
Kingston, ON K7L 3S4,307 Alfred ST
Kingston, ON K7L 3S4,307 Alfred ST
Kingston, ON K7L 3S4,307 Alfred ST
Kingston, ON K7L 3S4,307 Alfred ST
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Fawad Nissari

Fawad Nissari

+1(416) 878-1085
$ 1,349,000
Est. payment | /mo

11 Beds

7 Baths

Save
$ 1,349,000
Est. payment | /mo
Save

11 Beds

7 Baths

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision 14 - Central City East

MLS Listing ID X12253321

Style 3-Storey

Bedrooms 11

Building Age 100+

Annual Tax Amount $9,609

Tax Year 2024

Property Sub-Type Fourplex

Property 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 (Apt 1 $1600, Apt 2 $4100, Apt 3 $1600 and Apt 4 $2143.59) 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 with a cap rate of nearly 6%! 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.

Location

Province ON

County Frontenac

Community 14 - Central City East

Area Frontenac

Rooms

Family Room No

Basement Finished

Kitchen 4

Separate Den/Office 2

Interior

Interior Features Water Heater Owned

Cooling None

Fireplace No

Heat Source Gas

Exterior

Pool None

Roof Type Asphalt Shingle

Lot Frontage 27.0

Lot Depth 116.0

Building

Foundation Stone

Listed by RE/MAX RISE EXECUTIVES, BROKERAGE
advisor-avatar

When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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