307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston
  • 307 ALFRED STREET Kingston

307 ALFRED STREET, Kingston, Ontario

$1,349,000

  • 11 Beds
  • 7 Baths

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. (id:56241)

  • Listing ID: X12253321
  • Property Type: Multi-family
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Rooms

LevelTypeDimensions
Primary Bedroom Second level 2.9 m x 4.11 m
Bedroom 2 Second level 2.59 m x 3.35 m
Bedroom 3 Second level 2.59 m x 3.35 m
Bedroom 3 Third level 2.59 m x 3.35 m
Primary Bedroom Third level 3.35 m x 3.66 m
Bedroom 2 Third level 2.44 m x 4.57 m
Primary Bedroom Basement 2.74 m x 3.66 m
Bedroom 2 Basement 3.35 m x 2.74 m
Primary Bedroom Main level 3.96 m x 4.88 m
Bedroom 2 Main level 3.35 m x 4.88 m
Bedroom 3 Main level 3.05 m x 4.57 m

Details

  • Transaction: For sale

Building

  • Appliances: Water Heater, Stove, Refrigerator
  • BasementType: N/A (Finished)
  • Basement Development: Finished
  • Bedrooms Main Level: 9
  • Bedrooms Lower Level: 2
  • Exterior Finish: Brick
  • Fireplace Present: False
  • Foundation: Stone
  • Bathrooms (Half): 2
  • Bathrooms (Total): 7
  • Heating: Radiant heat
  • Heating Fuel: Natural gas
  • Size Interior: 3500 - 5000 sqft
  • Stories Total: 3
  • Type: Fourplex
  • Utility Water: Municipal water

Land

  • Sewer: Sanitary sewer
  • Size Frontage: 27 ft
  • Size Irregular: 27 x 116 FT
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 307 ALFRED STREET in Kingston Ontario. It was last modified on June 30th, 2025. Contact us to schedule a viewing or to discover other Kingston real estate for sale.

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