In the heart of downtown Kingston, sits this one-of-a-kind, well-conditioned, well-operated historical building. This building has 6 retail storefronts spanning over 6000 sq. ft. on the ground floor, 3 offices on the second floor, and 11 residential apartments on the second and third floors. This historic limestone building has up-to-date security and fire safety features and has been diligently and prudently maintained by the current owners for 5 decades. In todays world of rising rates and economic uncertainty, this investment will add stability and growth to any portfolio. All the retail leases have built-in annual escalation. The residential units never stay vacant long. Kingston's downtown is recognized as one of Ontario's best downtowns with over 700 entertainment venues, marinas, city hall, and more, and this property is an integral corner to the community. Within easy walking distance to Queens University, both hospitals, restaurants, banks, and grocery stores, the next owner will hold a piece of Kingston history! Full financials available to qualified buyers upon completion of confidentiality agreement.
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
Yes
Approx. Age:
100+
Total Area:
18016 sq. ft. Square Feet
Total Area:
18,016 sq. ft.1,674 m2
Retail Area:
9834 sq. ft. Sq Ft
Office/Apt Area:
8182 sq. ft. Sq Ft
Depth:
97'10"29.8 m
Frontage:
75'22.9 m
Water supply:
Municipal
Zoning:
DT-1
Heating type:
Gas Hot Water
Survey Available:
Yes
Garage:
None
Possession Details:
N/A
HST Applicable To Sale Price:
Not Subject to HST
Assessment Year:
2024
Development Charges Paid:
Unknown
Type Taxes:
Annual
Taxes:
$81,101.62 /
2024
Assessment:
$- /
2024
Kingston
Central City East
Frontenac
Public Transit
Partial
Information re Chattels to be provided by the Seller
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