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Nest Realty Inc. Brokerage

website@nestrealty.ca +1(519) 354-7474

$ 1,475,000

Est. payment -/mo

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79-81A QUEEN STREET Kingston (east Of Sir John A. Blvd), ON K7K1A5

5 Beds

4 Baths

3,000 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3000 - 3500

Square Footage 3,000 sqft

Price per Sqft $491

Subdivision 22 - East Of Sir John A. Blvd

MLS® Listing ID X13668722

Bedrooms 5

Property Description

Welcome to 79-81 Queen Street, a landmark limestone investment property in the heart of downtown Kingston. Built circa 1840 and rich with historic character, this stately building pairs timeless limestone construction and exposed brick interiors with an exceptional location just steps from the waterfront, Queen's University, Kingston General Hospital, shops, restaurants and cultural attractions. The property offers four residential units, each separately metered to help keep operating costs low, with appliances included in every unit, dishwashers in two and in-suite laundry in one. Current monthly rents are Unit 79-1 at $1,495 beginning September 2026, Unit 79-2 currently offered for lease at $1,795, Unit 81-1 at $1,700 month-to-month and Unit 81-2 at $1,995 beginning August 2026. An exceptional downtown asset, the property also includes 10 coveted parking spaces with the potential to generate an additional $1,000 per month. Based on current projected rents and parking income, the property offers gross annual income of $95,820 and net operating income of approximately $75,780. Its strong rental history reflects the consistent demand for distinctive downtown accommodations, while the large lot may offer future expansion possibilities, including additional units or an addition to the existing building, subject to municipal approvals. The apartments also present value-add potential through cosmetic improvements and future rent growth. With its irreplaceable limestone character, strong projected income, low operating-cost structure, substantial parking and potential for further growth, 79-81 Queen Street is a rare opportunity to acquire a distinguished piece of Kingston's heritage in one of the city's most walkable and sought-after locations. (id:24570)

Location

Province ON

Rooms

Kitchen 3.0

Extra Room 1 Second level 2.72 m X 3.71 m Kitchen

Extra Room 2 Second level 2.9 m X 4.62 m Living room

Extra Room 3 Third level 2.77 m X 4.45 m Bedroom

Extra Room 4 Third level 4.57 m X 4.42 m Bedroom

Extra Room 5 Basement 4.1 m X 3.51 m Bedroom

Extra Room 6 Basement 3.12 m X 3.28 m Bedroom

Interior

Heating Baseboard heaters

Cooling Window air conditioner

Exterior

Parking Features No

Community Features Community Centre

View Y/N Yes

View City view

Attached Garage No

Total Parking Spaces 10

Garage No

Private Pool No

Building

Story 3

Sewer Sanitary sewer

Others

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Listed by RE/MAX FINEST REALTY INC., BROKERAGE

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Nest Realty Inc. Brokerage

+1(519) 354-7474