307 ALFRED STREET

Kingston (Central City East), , K7L3S4, Canada

$1,349,000

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 (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.

EXTRAS: Refrigerator, Stove, Water Heater

Last updated on : Monday 30th of June 2025 01:30:52 PM

ADDRESS

Street : 307 ALFRED STREET

City : Kingston (Central City East)

Country : Canada

Postal Code : K7L3S4

Open in Google Map

PROPERTY SUMMARY

Property ID : X12253321

Building Type : Fourplex

Property Type : Multi-family

Bedrooms : 9 + 2

Bathrooms : 7 + 2

Parking Type: No Garage

Similar Properties

Multi-family

50 DELAWARE AVENUE

Ottawa, Ontario, K2P0Z3

$1,999,000

Beds: 9Baths: 4

property Type: Triplex

type: Sale

Janny Mills
22 hours ago

DETAILS

Multi-family

47 KING STREET

Prince Edward County (Picton Ward), Ontario, K0K2T0

$1,199,000

Beds: 9Baths: 7

property Type: Other

type: Sale

Elyse Gallagher
1 month ago

DETAILS

Multi-family

73-75 LOWER CHARLOTTE STREET

Ottawa, Ontario, K1N8J9

$999,000

Beds: 9Baths: 3

property Type: Triplex

type: Sale

Christal Cameron
8 months ago

DETAILS

Multi-family

3807 CARP ROAD NORTH NORTH

Ottawa, Ontario, K0A1L0

$850,000

Beds: 9Baths: 4

property Type: Triplex

type: Sale

Tony Miller
4 days ago

DETAILS

Multi-family

609 DONALD STREET

Ottawa, Ontario, K1K1L3

$1,149,000

Beds: 9Baths: 3

property Type: Triplex

type: Sale

ANDY TRAN
1 week ago

DETAILS

Inquire about this property