$20 Sq Ft Net
FOR LEASE

Commercial/Retail

Lot: 21 x 136 ft
2024 Taxes: $7.5

111 PRINCESS St
Kingston, ON K7L 1A8 | 14 - Central City East | Frontenac

Here is a fantastic opportunity to own a fully established bakery, deli, and restaurant in a premier downtown Kingston location in operation since 1963. The asking price is all equipment, goodwill and contacts. The property spans two levels, with 2,546 square feet on the main floor dedicated to a service area with comfortable dining, plus an additional 2,546 square feet on the lower level, featuring a commercial kitchen that is fully outfitted with high quality equipment and includes rear door access. The entire 5,092 square feet is available at a competitive net lease rate of $12.50 per square foot, with an additional $7.50 per square foot in operating costs (TMI). Also available is the dedicated parking spot in the adjacent municipal lot for just $156 per month and access to a seasonal patio leased from the city. A detailed list provided of income, expenses, catering clients, suppliers and equipment details is available to serious buyers. Significant updates. This is a fantastic opportunity to lease a fully established bakery, deli, and restaurant in a premier downtown Kingston location. The property spans two levels, with 2,546 square feet on the main floor dedicated to counters and a comfortable dining area, and an additional 2,546 square feet on the lower floor, featuring a commercial kitchen that is fully outfitted and includes rear door access. The entire 5,092square feet is available at a competitive net lease rate of $12.50 per square foot, with an additional $7.50 per square foot in operating costs. Also available dedicated parking spot in the nearby municipal lot for just $156 per month and access to a seasonal patio leased from the city. Restaurant equipment are not on the lease, but is available for sale to the tenant, with a detailed list provided upon request. Significant updates have been made in 2024, including a new HVAC system, freezer compressor, and evaporator coil. Seize this turnkey opportunity in one of the most desirable spots in Kingston!
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Listed By RE/MAX FINEST REALTY INC., Brokerage
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12366341
Last Updated Apr 30, 2026
Property Summary
Property Type Commercial/Retail

More like this:
Use Hospitality/Food Related
PIN 360440034
Legal Description PT LT 197 ORIGINAL SURVEY KINGSTON CITY BEING PT 1 ON PLAN 13R21004; KINGSTON ; THE COUNTY OF FRONTENAC
Possession Date TBD
Taxes (2024) $7.5
Directions/Cross Streets PRINCESS STREET AND WELLINGTON ST
Neighbourhood 14 - Central City East
Area Frontenac
Price History

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Detailed Information
Lot 21 x 136 ft
Air Conditioning Yes
Basement Basement
Garage Type Other
Heat Type Gas Forced Air Open
Sewers Sanitary

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