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$799,000
Status: For Sale
Unique professional office building ownership opportunity, multifamily, or mixed-use redevelopment opportunity in the Inner Harbour area walking distance to downtown Kingston. The building is currently leased as a medical clinic; the property will be vacant Feb 1, 2025. Bright open reception area. The majority of offices contain plumbing. Functional lower level office space. Architecturally significant building - gross area 4,442 SF. OPPORTUNITY: Recent update to City Zoning Bylaw (July 9th) now allows for ''Neighbourhood Commercial'' (CN) Zone uses in addition to site-specific uses under A.119 Zone (allowing for a health care professional office) at the subject property. These amendments have had the effect of expanding the number of permitted uses for the property, to now include mixed-use commercial-residential development, day care centre, grocery store, office, restaurant, retail store, wellness clinic and more. Pre-application for Multifamily (4 Units, 12 bedrooms) has been broadly supported subject to a zoning by-law amendment. The Property presents a unique opportunity for owner-operators or investors seeking to establish a business or presence in a high-demand neighbourhood proximate to downtown while having the benefit of developing the property at any point to create more units and create/drive additional value appreciation.
| Property Type | :Commercial |
|---|---|
| MLS Number | :X9411013 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :18 Oct, 2024 (20 Hours ago) |
| Source | :TRREB |
| Area | :Frontenac |
|---|---|
| Postal Code | : K7K 3T6 |
| Price | : $799,000 |
|---|---|
| Property Taxes | :$11475.00 |
| Tax Year | :2024 |
|---|
| Cross Street | :Inner Harbour. Ordnance & Barrie |
|---|
18 Oct, 2024
TREB #X9411013
Available
$799000.0
