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22 - East of Sir John A. Blvd, Kingston
$1,099,900
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.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 100+ |
| Size | 2000-2500 sq. ft. |
| Property Tax | $6,245 |
| Lot Size | 33 ft x 132 ft |
| mls© Number | X13795220 |
| Listed By | RE/MAX SERVICE FIRST REALTY INC., BROKERAGE |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $5,630
- Property tax
- $520
- Heat allowance
- $150
- Housing costs
- $6,300 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$194,000
gross annual household income
- Payment at 4%
- $4,629 / mo
- Cash down
- $219,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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