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Lyndi Ainsworth

Engel & Völkers

lyndi.ainsworth@engelvoelkers.com +1(250) 809-1260

$ 1,550,000

Est. payment -/mo

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307 ALFRED STREET Kingston (central City East), ON K7L3S4

11 Beds

7 Baths

3,500 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,500 sqft

Price per Sqft $442

Subdivision 14 - Central City East

MLS® Listing ID X12103862

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

Lyndi Ainsworth

Personal Real Estate Corporation | License ID: 11585

+1(250) 809-1260

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