property-description
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. (id:38686)
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detailsSection.headers.propertyDetails
Property Tax
: $79,304Last Updated
: Tue, April 30, 2024Mls Num
: 40568196Listing Date
: Apr 19, 2024
detailsSection.headers.propertyFeatures
Property Type
: detailsSection.listingTypeId.101Sq Ft Raw
: detailsSection.sqftSub Division
: 14 - Central City East
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Sewer
: Municipal sewage system
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Exterior Features
: Stone
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