497 Alfred Street, Kingston

$539,900
497 Alfred Street

$539,900

New
17d
Duplex2-Storey

497 Alfred Street, Kingston

Total Monthly Obligation $2,921

Beds
5
Baths
3
Park
2
Sqft
1100-1500
DOM
17d
Score
25
Yield
6.7%
Cash on Cash
3.7%
Cap Rate
5.4%
5Y IRR
18.5%
10Y IRR
17.0%
Property Type-Duplex
MLS® Number-X13870804
Beds-5
Bathrooms-3
Size-1100-1500 sqft
Lot Size-33 × 100 ft
Listed on site-Oct 6, 2026
Style-2-Storey
Building Type-Duplex
Taxes-$4,414.94 (2026)
Parking-2 - None
Basement-Separate Entrance, Finished, Apartment
Heating-Baseboard (Electric)
Brokerage-AXON REAL ESTATE BROKERAGE INC.
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Immediate
Neighbourhood-22 - East of Sir John A. Blvd
Title-Residential Freehold

No agent assigned

Welcome to 497 Alfred Street, a centrally located legal duplex offering exceptional flexibility for investors and owner-occupants alike. With both units currently vacant, this turnkey opportunity is ready for immediate occupancy or lease-up. Unit 1 spans the main floor and basement, featuring three bedrooms, two full bathrooms, a spacious living room, dining room, and a large rec room. Unit 2 is accessed through a private rear entrance and has been recently renovated, offering two bedrooms and one full bathroom on the upper level. The property also provides ample rear parking, adding convenience for both residents and guests.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$431,920
Land Transfer Taxes$7,273
Legal Fees (Est.)
$
Total cash required for closing$116,753

Total Monthly Obligation

$2,921/mo
Mortgage $2,178
Monthly Loss $2,348
Principal$573
Interest$1,605
Property Tax$368
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.3%30
Cash-on-Cash
-2.3%4
5-Year IRR
13.9%64
10-Year IRR
13.7%
Returns Index
33.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
25/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$36,000/yr
NOI
$23,485/yr
Net Cash Flow
-$221/mo
Cash Margin
-7.4%1
Cash Flow Index
1.1/ 100
Risk Profile
Weight: 20%
DSCR
0.9020
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo55
Risk Index
31.0/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 497 Alfred Street

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.