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 have a graduate student demographic for income stability. Approval in place to convert more office to residential. 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 Queens University, both hospitals, restaurants, banks, and grocery stores, the next owner will hold a piece of Kingston history! This property has good strong income, and good upside for any investor. Full financials available to qualified buyers upon completion of confidentiality agreement. (id:67947)
| MLS® Number | X14030204 |
| Property Type | Retail |
| Community Name | 14 - Central City East |
| Amenities Near By | Public Transit |
| Age | 100+ Years |
| Cooling Type | Partially Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Size Interior | 18,016 Sqft |
| Utility Water | Municipal Water |
| Acreage | No |
| Land Amenities | Public Transit |
| Size Depth | 97 Ft ,9 In |
| Size Frontage | 74 Ft ,11 In |
| Size Irregular | 74.97 X 97.82 Ft |
| Size Total Text | 74.97 X 97.82 Ft |
| Zoning Description | Dt-1 |
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Nicolas SigounisREALTOR® · EXIT Realty Matrix, BrokerageBook a private showing or ask anything about this home. Nicolas will get back to you quickly.
Call or text 613.859.9331Book a showingEmail NicolasListing courtesy of Luca Andolfatto, RE/MAX Service First Realty Inc., Brokerage · Drew Mayhew, RE/MAX Service First Realty Inc., Brokerage
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