79-81 Queen Street Kingston, Ontario K7K 1A5
$1,475,000
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:67947)
Property Details
| MLS® Number | X13668722 |
| Property Type | Multi-family |
| Community Name | 22 - East of Sir John A. Blvd |
| Amenities Near By | Hospital, Marina, Park, Public Transit |
| Community Features | Community Centre |
| Equipment Type | None |
| Features | Lane, Carpet Free |
| Parking Space Total | 10 |
| Rental Equipment Type | None |
| Structure | Porch |
| View Type | City View |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 2 |
| Bedrooms Below Ground | 3 |
| Bedrooms Total | 5 |
| Age | 100+ Years |
| Amenities | Separate Electricity Meters |
| Appliances | Water Heater, Dishwasher, Dryer, Hood Fan, Stove, Washer, Refrigerator |
| Basement Development | Finished |
| Basement Features | Apartment In Basement, Walk-up |
| Basement Type | N/a, Full, N/a, N/a (finished) |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Stone |
| Foundation Type | Stone |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 3 |
| Size Interior | 3,000 - 3,500 Sqft |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Hospital, Marina, Park, Public Transit |
| Sewer | Sanitary Sewer |
| Size Depth | 132 Ft |
| Size Frontage | 34 Ft |
| Size Irregular | 34 X 132 Ft |
| Size Total Text | 34 X 132 Ft|under 1/2 Acre |
| Zoning Description | Dt1 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Kitchen | 2.72 m | 3.71 m | 2.72 m x 3.71 m |
| Second Level | Living Room | 2.9 m | 4.62 m | 2.9 m x 4.62 m |
| Third Level | Bedroom | 2.77 m | 4.45 m | 2.77 m x 4.45 m |
| Third Level | Bedroom | 4.57 m | 4.42 m | 4.57 m x 4.42 m |
| Basement | Bedroom | 4.1 m | 3.51 m | 4.1 m x 3.51 m |
| Basement | Bedroom | 3.12 m | 3.28 m | 3.12 m x 3.28 m |
| Basement | Bedroom | 2.31 m | 3.63 m | 2.31 m x 3.63 m |
| Main Level | Kitchen | 3.58 m | 2.95 m | 3.58 m x 2.95 m |
| Main Level | Living Room | 3.58 m | 3.63 m | 3.58 m x 3.63 m |
| Main Level | Kitchen | 3.38 m | 3.45 m | 3.38 m x 3.45 m |
| Main Level | Living Room | 2.9 m | 4.62 m | 2.9 m x 4.62 m |
Interested in this property?
Nicolas SigounisREALTOR® · EXIT Realty Matrix, BrokerageBook a private showing or ask anything about this home. Nicolas will get back to you quickly.
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August 20 2026 04:49:56
Kingston & Area Real Estate Association
RE/MAX Finest Realty Inc., Brokerage