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$ 1,750,000
Est. payment /mo
New
307 ALFRED STREET Kingston (14 - Central City East), ON K7L3S4
11 Beds
7 Baths
3,499 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,499 sqft
Price per Sqft $500
Subdivision 14 - Central City East
MLS® Listing ID X12052874
Bedrooms 11
Half Baths 1
Originating Board Kingston & Area Real Estate Association
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 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:24570)
Location
Province ON
Rooms
Kitchen 0.0
Extra Room 1 Second level 2.9 m X 4.11 m Primary Bedroom
Extra Room 2 Second level 2.59 m X 3.35 m Bedroom 2
Extra Room 3 Second level 2.59 m X 3.35 m Bedroom 3
Extra Room 4 Third level 2.59 m X 3.35 m Bedroom 3
Extra Room 5 Third level 3.35 m X 3.66 m Primary Bedroom
Extra Room 6 Third level 2.44 m X 4.57 m Bedroom 2
Interior
Heating Radiant heat
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Story 3
Sewer Sanitary sewer
Listed by RE/MAX RISE EXECUTIVES, BROKERAGE