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:4069)
Address
307 ALFRED STREET
List Price
$1,750,000
Property Type
Multi-family
Type of Dwelling
Fourplex
Area
Ontario
Sub-Area
Kingston (14 Central City East)
Bedrooms
11
Bathrooms
7
Floor Area
3,500 Sq. Ft.
Lot Size
27 x 116 FT Sq. Ft.
MLS® Number
X12052874
Listing Brokerage
RE/MAX RISE EXECUTIVES, BROKERAGE
Basement Area
N/A (Finished)
Postal Code
K7L3S4
