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$XXX,XXX
Status: OFF MARKET
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 todays 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.
| Property Type | :Commercial |
|---|---|
| MLS Number | :X8258496 |
| Listing Type | :Sale |
| Property Age | :100+ years |
| Possession Date | : |
| Last Updated | :22 Apr, 2024 (199 Days ago) |
| Source | :TRREB |
| Area | :Frontenac |
|---|---|
| Postal Code | :
K7L 3E1
|
| Price | : $4,800,000 |
|---|---|
| Property Taxes | :$79304.00 |
| Tax Year | :2023 |
|---|
| Cross Street | :Brock St & Wellington St. |
|---|
| Fireplace/Stove | :No |
|---|
22 Apr, 2024
TREB #X8258496
Available
$4800000.0
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