Property Details
79-81 QUEEN STREET, Kingston (east Of Sir John A. Blvd), Ontario, K7K1A5
broker
RE/MAX Finest Realty, Brokerage - Kingston
Cell: 343-364-2994
Tel: 613-389-7777
$1,475,000 - For sale
Welcome to 79-81 Queen Street, a landmark limestone investment property in the heart of downtown Kingston. Built circa 1840 and rich with historic character, this stately building pairs timeless limestone construction and exposed brick interiors with an exceptional location just steps from the waterfront, Queen's University, Kingston General Hospital, shops, restaurants and cultural attractions. The property offers four residential units, each separately metered to help keep operating costs low, with appliances included in every unit, dishwashers in two and in-suite laundry in one. Current monthly rents are Unit 79-1 at $1,495 beginning September 2026, Unit 79-2 currently offered for lease at $1,795, Unit 81-1 at $1,700 month-to-month and Unit 81-2 at $1,995 beginning August 2026. An exceptional downtown asset, the property also includes 10 coveted parking spaces with the potential to generate an additional $1,000 per month. Based on current projected rents and parking income, the property offers gross annual income of $95,820 and net operating income of approximately $75,780. Its strong rental history reflects the consistent demand for distinctive downtown accommodations, while the large lot may offer future expansion possibilities, including additional units or an addition to the existing building, subject to municipal approvals. The apartments also present value-add potential through cosmetic improvements and future rent growth. With its irreplaceable limestone character, strong projected income, low operating-cost structure, substantial parking and potential for further growth, 79-81 Queen Street is a rare opportunity to acquire a distinguished piece of Kingston's heritage in one of the city's most walkable and sought-after locations. (id:2471)
Location DescriptionOne street north of Princess, East of Division. 79-81 Queen is just West of Wellington on the North side of Queen St.
- Property Address:79-81 QUEEN STREET, Kingston (east Of Sir John A. Blvd), Ontario, K7K1A5
- Property Type:Multi-family
- Community Name:22 - East of Sir John A. Blvd
- Lot Size:34 x 132 FT|under 1/2 acre
- Sewage Type:Sanitary sewer
- Water Type:Municipal water
- Driveway:No Garage
- Parking Space Total:10
- Structure Style:Fourplex
- Bedrooms:2+3
- Bathrooms:4
- Floor Space:3000 - 3500 sqft
- Heating Type:Electric, Baseboard heaters
- Storeys:3
- Basement Type:N/A, Full, N/A, N/A (Finished)
- Foundation Type:Stone
- Cooling Type:Window air conditioner
- Appliances Included:Water Heater, Dishwasher, Dryer, Hood Fan, Stove, Washer, Refrigerator
- Rental Equipment:None
- Exterior Type:Stone
- Amenities Nearby:Hospital, Marina, Park, Public Transit
| Type | Level | Dimensions |
|---|---|---|
| Kitchen | Second level | 2.72 m x 3.71 m |
| Living room | Second level | 2.9 m x 4.62 m |
| Bedroom | Third level | 2.77 m x 4.45 m |
| Bedroom | Third level | 4.57 m x 4.42 m |
| Bedroom | Basement | 4.1 m x 3.51 m |
| Bedroom | Basement | 3.12 m x 3.28 m |
| Bedroom | Basement | 2.31 m x 3.63 m |
| Kitchen | Main level | 3.58 m x 2.95 m |
| Living room | Main level | 3.58 m x 3.63 m |
| Kitchen | Main level | 3.38 m x 3.45 m |
| Living room | Main level | 2.9 m x 4.62 m |
broker
RE/MAX Finest Realty, Brokerage - Kingston
Cell: 343-364-2994
Tel: 613-389-7777
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association. This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.
- Map 79-81 QUEEN STREET, Kingston (east Of Sir John A. Blvd), Ontario, K7K1A5
- Neighbourhood Information
79-81 QUEEN STREET, Kingston (east Of Sir John A. Blvd), Ontario, K7K1A5
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