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Listed 1 month ago

392 Alfred Street

22 - East of Sir John A. Blvd, Kingston

$1,099,900

Detached|2-Storey
8 | 2 | 4
About this home

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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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. Age100+
Size2000-2500 sq. ft.
Property Tax$6,245
Lot Size33 ft x 132 ft
mls© NumberX13795220
Listed ByRE/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.

Down payment20% · $219,980
25-yr amortization

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 check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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