216 Alfred Street
14 - Central City East, Kingston
$1,250,000
Great South Side student rental just steps from Queen's University. Currently configured as a 7-bedroom property with spacious common areas designed for student living and strong rental appeal. This well-located investment offers excellent proximity to campus, transit, and downtown amenities, making it highly attractive to students year after year. The property is fully rented until April 30, 2027, providing immediate and stable rental income for investors seeking a turnkey addition to their portfolio. A rare opportunity to own a high-demand student rental in one of Kingston's most sought-after university neighbourhoods.
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| Type | Detached |
| Style | 2 1/2 Storey |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $8,054 |
| Lot Size | 33 ft x 127 ft |
| mls© Number | X13871116 |
| Listed By | RE/MAX FINEST 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%
- $6,398
- Property tax
- $671
- Heat allowance
- $150
- Housing costs
- $7,219 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$222,000
gross annual household income
- Payment at 4%
- $5,260 / mo
- Cash down
- $250,000
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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