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$4,800,000
Status: For Sale
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.
| Property Type | :Commercial |
|---|---|
| MLS Number | :X9410309 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :18 Oct, 2024 (22 Hours ago) |
| Source | :TRREB |
| Area | :Frontenac |
|---|---|
| Postal Code | : K7L 3E1 |
| Price | : $4,800,000 |
|---|---|
| Property Taxes | :$79304.08 |
| Tax Year | :2023 |
|---|
| Cross Street | :Corner of Brock and Wellington. |
|---|
18 Oct, 2024
TREB #X9410309
Available
$4800000.0
