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. (id:47421)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Lot
74.92 x 97.75 ft
Amenities Nearby
Public Transit
Listing Contract Date
2025-02-28
Location Description
Brock St and Wellington St.
Property Type
Retail
Transaction Type
For sale
Zoning Description
DT-1
Building
Age
100+ years
Cooling Type
Partially air conditioned
Heating Fuel
Natural gas
Heating Type
Hot water radiator heat
Utility Water
Municipal water
Land
Total Size
74.97 x 97.82 FT
Amenities
Public Transit
Size of Irregular Land
74.97 x 97.82 FT
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