363 Alfred Street, Kingston

Price: $799,900

5 bedrooms, 2 bathrooms

700 - 1,099 sqft

Property Type: Detached

MLS#: X13169968

Turnkey investment opportunity in the heart of Kingston's growing Williamsville neighbourhood. This well-maintained 5-bedroom detached home is currently generating $5,000 per month plus utilities with leases in place until April 2027, providing immediate and reliable income from day one. Located just three houses from Princess Street, the property enjoys exceptional access to transit, restaurants, shops, parks, markets, and everyday amenities, making it a highly desirable location for tenants. The home features an updated kitchen with a separate rear entrance, efficient gas boiler heating, hardwood flooring in select areas, and numerous updates completed over the years, including windows, shingles, soffits, fascia, and eavestroughs. Adding to its appeal is a substantial 25' x 30' detached garage with hydro, currently leased under a separate agreement, contributing to the property's overall income stream. Previously configured as an up-and-down duplex, the property is equipped with two hydro meters, presenting potential future flexibility for investors. Buyers are encouraged to satisfy themselves regarding any intended future use and applicable municipal requirements. Whether you're looking to expand your portfolio with a stable income-producing asset or secure a property in one of Kingston's most actively evolving neighbourhoods, this is an opportunity worth exploring.

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$799,900 - 363 Alfred Street, Kingston

Detached for Sale in Kingston

45 days on market

Neighbourhood: 22 - East of Sir John A. Blvd

5Beds
2Baths
700 - 1,099Sq Ft
Detached
Property Details
MLS Number
X13169968
Property Type
Detached
Status
active
Days on Site
45
Bedrooms
5
Bathrooms
2
Square Feet
700 - 1,099 sqft
Neighbourhood
Kingston
Listing Brokerage
RE/MAX RISE EXECUTIVES, BROKERAGE
Description

Turnkey investment opportunity in the heart of Kingston's growing Williamsville neighbourhood. This well-maintained 5-bedroom detached home is currently generating $5,000 per month plus utilities with leases in place until April 2027, providing immediate and reliable income from day one. Located just three houses from Princess Street, the property enjoys exceptional access to transit, restaurants, shops, parks, markets, and everyday amenities, making it a highly desirable location for tenants. The home features an updated kitchen with a separate rear entrance, efficient gas boiler heating, hardwood flooring in select areas, and numerous updates completed over the years, including windows, shingles, soffits, fascia, and eavestroughs. Adding to its appeal is a substantial 25' x 30' detached garage with hydro, currently leased under a separate agreement, contributing to the property's overall income stream. Previously configured as an up-and-down duplex, the property is equipped with two hydro meters, presenting potential future flexibility for investors. Buyers are encouraged to satisfy themselves regarding any intended future use and applicable municipal requirements. Whether you're looking to expand your portfolio with a stable income-producing asset or secure a property in one of Kingston's most actively evolving neighbourhoods, this is an opportunity worth exploring.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$4,103.90/mo

Includes CMHC insurance ($22,317)

$
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5%10%50%

5-yr fixed avg.

Principal: $719,910Interest: $488,943
Mortgage Amount$742,227
Total Interest$488,943
Est. Property Tax$567/mo
Total Cost$1,231,170

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: 22 - East of Sir John A. Blvd

Discover 22 - East of Sir John A. Blvd

22 - East of Sir John A. Blvd is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in 22 - East of Sir John A. Blvd

  • Convenient location in Kingston
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

22 - East of Sir John A. Blvd offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

363 Alfred Street, Kingston

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,600/mo
Range: $3,060 - $4,140
Cap Rate (ROI)
4.3%
Good

Monthly Cash Flow Breakdown

Rental Income+$3,600
Maintenance Fees-$0
Property Tax (est.)-$567
Insurance (est.)-$167
Net Cash Flow+$2,866

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Premium Pricing

At $1143/sqft, this property is priced above the Kingston average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.

Market Position

At 45 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.

Detached Home Advantages

Detached homes in Kingston are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.

Efficient Living

At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

Excellent Flexibility

With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Kingston.

About 22 - East of Sir John A. Blvd

I know 22 - East of Sir John A. Blvd well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.

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    363 Alfred Street, Kingston | $799,900 | Battaglia Team