$5,500,000
FOR SALE

Office

Lot: 75 x 98 ft
First time for sale in 50 years, at the intersection of Brock and Wellington Sts, and 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. Fully leased, this property is a performer! In today’s world of rising rates and economic uncertainty, this investment will add stability and growth to any portfolio. All the retail operators are not only surviving but flourishing, and all signed to leases with escalation. With the prime location, 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 Queen’s University, both hospitals, restaurants, banks, grocery stores, the next owner will hold a piece of Kingston history! (id:47421)
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Listed By Re/Max Service First Realty Inc, Brokerage
Data Provided By Kingston & Area Real Estate Association
MLS® Listing Number 40339168
Last Updated Dec 09, 2022
Property Summary
Property Type Office

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Price History

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Detailed Information
Lot 75 x 98 ft
Amenities Nearby Public Transit, Shopping
Community Features High Traffic Area
Features Corner Site, Visual exposure
Listing Contract Date 2022-10-24
Location Description Corner of Brock and Wellington.
Ownership Type Freehold
Property Type Office
Signage Unknown
Transaction Type For sale
Zoning Description DT-1: Mixed Use
Building
Basement Development Unfinished
Basement Type Partial (Unfinished)
Constructed Date 1847
Construction Style (Attachment) Attached
Cooling Type Ductless, Window air conditioner
Exterior Finish Stone
Flooring Type Carpeted, Laminate
Foundation Type Stone
Stories Total 3
Size (Exterior) 18016
Utility Water Municipal water
Land
Total Size under 1/2 acre
Amenities Public Transit, Shopping
Sewer Municipal sewage system

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