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 today’s 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 Queen’s 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)
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Detailed Information
Lot
75 x 98 ft
Amenities Nearby
Hospital, Public Transit, Schools
Communication Type
High Speed Internet
Community Features
High Traffic Area
Features
Visual exposure
Listing Contract Date
2024-04-19
Location Description
Corner of Brock and Wellington.
Ownership Type
Freehold
Property Type
Office
Signage
Unknown, Signband
Transaction Type
For sale
Zoning Description
DT-1: Mixed Use
Building
Basement Type
Partial
Constructed Date
1847
Exterior Finish
Stone
Foundation Type
Stone
Stories Total
3
Size (Exterior)
18016
Utility Water
Municipal water
Utilities
Type
Description
Electricity
Available
Land
Total Size
under 1/2 acre
Amenities
Hospital, Public Transit, Schools
Sewer
Municipal sewage system
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