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$819,000
Kingston
385 Alfred Street, Kingston (East of Sir John A. Blvd), Ontario, K7K4H6
This multi-family property in Kingston is for sale offering roughly 2,250 sq ft of space. It has been on the market 33 days, fresher than the Kingston average of 86 days.
Well-located investment property just a few blocks from Queen's University and downtown Kingston! This spacious and versatile property offers an excellent opportunity for investors looking for a strong student-rental location with convenient access to campus, downtown amenities, restaurants, shopping, and transit. The semi-detached, duplex property features two kitchens and a practical layout that provides flexibility for a variety of living arrangements. Parking is conveniently located at the rear of the property with access from the laneway. Currently leased until April 30, 2027, providing an immediate rental income opportunity. This provides the opportunity for a future owner to plan for the next rental cycle, whether continuing with student rentals or exploring other possibilities. Located in a highly desirable area close to Queen's University, downtown Kingston, parks, restaurants, shops, and everyday amenities. With its location, two kitchens, rear parking, and existing tenancy, this property offers an attractive combination of location, income potential, and future flexibility. Don't miss this opportunity to own an investment property in one of Kingston's sought-after student rental areas! (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Extended: 33 days on market, against an average age of 86 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 36 days on the market over the past year, against a median of 48 days across the markets we publish.
This 6-bed multi-family in Kingston (East of Sir John A. Blvd) has been listed for 33 days, which is 53 days fresher than the city average of 86. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $819,000, about 12.2× the local median household income of $67,000.
Carrying it typically needs a household income of about $159,979 (20% down, 25-yr amortization, stress-tested) — roughly 139% above the area median.
Source: Statistics Canada, 2021 Census (FSA K7K)
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Loading rates, 30-yr amortization
Cash Needed to Close
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