Overview
-
Updated On:
- August 1, 2023
Property Description
Commercial-Residential investment opportunity, centrally located in the heart of Kingston’s downtown core, 1 block from the entertainment district (the “Hub”) & major grocery anchor (Metro), & 1 Km to Queen’s University Main Campus. RESIDENTIAL: The westerly section consists of an all brick & stone 3-Level Residential building, with 4 Units (1×2 Bed, 2x1Bed, 1xLoft) on month-to-month tenancies, with significant rental upside following turnover. COMMERCIAL: The easterly section consists of an independent 1-Level 700 sf commercial unit separately metered for water, hydro/heat w/ 5 yr lease @ $1500/month+. DT2 zoning permits a variety of commercial uses, including fast-food, restaurant, office, retail, grocery store, repair shop, wellness clinic and more. Zoning further offers potential to transform existing commercial section into a new 4-Storey mixed-use development w/ ground floor commercial & upper residential. The subject is strategically located within a growing residential and commercial intensification area. Within an approx. 1 Km radius of the subject, +/- 1700 Units have been completed or approved & +/-1600 Units proposed or pending approval. The Offering’s high-traffic downtown location, proximity to Queen’s University, mixed-asset profile, rental upside and potential development opportunity presents a de-risked investment with long-term growth stability.
Documents
Website ID: 30176
Price: $ 1,400,000
Property Lot Size: 2,508.00 ft2
Other Features
Belleville
Brockville
Business
Commercial
Cornwall
Gananoque
Industrial
Investment
Johnstown
Kingston
Land
Lansdowne
Mixed-Use
Multi-Residential
Napanee
New Listings
Odessa
Office
Picton
Prescott
Recent Transactions
Residential
Retail
Trenton
Verona
Wolfe Island
Similar Listings
$ 900,000