307 Alfred Street, Kingston, ON K7L 3S4

  • $1,349,000
307 Alfred Street, Kingston, ON K7L 3S4
  • X12253321
  • MLS® Number
  • Fourplex, Residential
  • Property Type
  • 11
  • Bedrooms
  • 7
  • Bathrooms
Active For Sale
307 Alfred Street, Kingston, ON K7L 3S4
307 Alfred Street, Kingston, ON K7L 3S4
  • $1,349,000

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.

Details

MLS® Number
X12253321
Bedrooms
11
Bathrooms
7
Updated on June 30, 2025 at 4:47 pm

Additional details

  • Roof: Asphalt Shingle
  • Sewer: Sewer
  • Cooling: None
  • County: Frontenac
  • Property Type: Residential
  • Pool: None
  • Architectural Style: 3-Storey

Address

  • Address 307 Alfred Street
  • City Kingston
  • State/county ON
  • Zip/Postal Code K7L 3S4
  • Country CA

Contact Information

Firas AL-Rifay
  • Firas AL-Rifay
  • +1 (647) 242-6988 WhatsApp
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Firas AL-Rifay
  • Firas AL-Rifay