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329 Barrie Street

$ 1,450,000
329 Barrie Street,
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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 below market rents & 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+. Current and new upcoming zoning Bylaw permits a variety of commercial uses, including fast-food, restaurant, office, retail, and wellness clinic. New zoning bylaw 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 & +/-1250 Units proposed or pending approval. The Offering’s location, mixed-asset profile, rental upside and potential development opportunity presents a de-risked investment with long-term growth stability

Address: 329 Barrie Street
Zip: K7K 3S9
Country: Canada
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Website ID: 30176
Price: $ 1,450,000
Property Lot Size: 2,508 ft2
walkscore94 / Walker's Paradise more details here

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