$1,099,900

For sale

392 Alfred Street, Kingston (East of Sir John A. Blvd) - Single Family for Sale

392 Alfred Street, Kingston (East of Sir John A. Blvd), Ontario, K7K4H7

8 beds2 baths4 parking2,250 ft²33 × 132 ft (4,356 sq ft) lot sizeListed 49 days ago

Overview

This 8-bedroom, 2-bathroom home in Kingston is for sale offering roughly 2,250 sq ft of space. It has been on the market 49 days, fresher than the Kingston average of 87 days.

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Description

Prime Investment Opportunity in Kingston's Vibrant Williamsville Neighbourhood! Welcome to 392 Alfred Street - a well-maintained, fully rented duplex located just steps from Princess Street in one of Kingston's most desirable and high-demand areas. This turnkey property features two spacious units offering a total of 8 bedrooms, making it an ideal addition to any investor's portfolio. OR a great investment for any parent looking to offset costs for children attending Queen's U. With unbeatable proximity to Queen's University, Kingston Transit, and local amenities, tenant demand remains strong year-round. Unit 1 is currently leased at $4055.00/month inclusive, and Unit 2 at $4100.00/month inclusive - both under lease until 2027 - ensuring immediate and reliable income with a strong return on investment. Whether you're looking to expand your portfolio or enter Kingston's thriving real estate market, this property offers location, stability, and solid cash flow from day one. (id:66096)

Property Details

MLS®: X13795220
Property Type: Single Family
Zoning: URM.7
Bedrooms: 8
Beds (above / below): 8 above · 0 below
Bathrooms: 2
Parking: 4
Interior Size: 2,250 ft²
Lot Size: 33 × 132 ft (4,356 sq ft)
Frontage: 33 ft
Storeys: 2
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $6,245.15/yr
Listed

Rooms

Main level

Kitchen: 3.34 x 3.78 meters
Bathroom: 2.31 x 3.81 meters
Bedroom: 3.94 x 3.91 meters
Bedroom: 2.84 x 2.79 meters
Bedroom: 3.23 x 4.85 meters
Kitchen: 3.45 x 2.64 meters
Bathroom: 1.96 x 3 meters

Second level

Bedroom: 3.91 x 5.13 meters
Bedroom: 3.23 x 4.83 meters
Bedroom: 2.18 x 2.72 meters

Features

Appliances: Washer, Refrigerator, Water meter, Dishwasher, Stove, Dryer
Foundation: Stone
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

49d

Kingston (East of Sir John A. Blvd) listings, avg age

87d

Price / ft²

$489

List price

$1.10M

Homes here sell faster than most markets

Sold homes in this market spent an average of 35 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This 8-bed single family in Kingston (East of Sir John A. Blvd) has been listed for 49 days, which is 38 days fresher than the city average of 87. Act while there is still low competition.

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Listed by RE/MAX SERVICE FIRST REALTY INC., BROKERAGE · LUCA ANDOLFATTO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K7K)

This home lists at $1,099,900, about 16.4× the local median household income of $67,000.

Carrying it typically needs a household income of about $214,849 (20% down, 25-yr amortization, stress-tested) — roughly 221% above the area median.

Median household income: $67,000
Population: 33,705
Median age: 37.2
Owner / renter: 44% / 56%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA K7K)

$1,099,900· $489/ft²

For sale

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Full Cost Breakdown

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Down Payment7.73% · $84,990

Min 7.73%50%

Mortgage payment$5,627/mo

↳ CMHC premium ($40,596 capitalized)

Property tax (est.)$520/mo

Total monthly$6,147

Cash Needed to Close

Down payment (7.73%)$84,990

Land transfer tax$18,473

Est. closing costs$5,800

Total cash needed$109,263

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