$1,475,000
Available - For Sale
Listing ID: X13668722
79-81A Queen Street , Kingston, K7K 1A5, Frontenac
| 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. |
| Price | $1,475,000 |
| Taxes: | $6912.00 |
| Occupancy: | Tenant |
| Address: | 79-81A Queen Street , Kingston, K7K 1A5, Frontenac |
| Acreage: | < .50 |
| Directions/Cross Streets: | One street north of Princess, East of Division. 79-81 Queen is just West of Wellington on the North |
| Rooms: | 8 |
| Rooms +: | 3 |
| Bedrooms: | 2 |
| Bedrooms +: | 3 |
| Family Room: | F |
| Basement: | Apartment, Full |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Kitchen | 11.74 | 9.68 | |
| Room 2 | Main | Living Ro | 11.74 | 11.91 | |
| Room 3 | Basement | Bedroom | 13.45 | 11.51 | |
| Room 4 | Basement | Bedroom | 10.23 | 10.76 | |
| Room 5 | Basement | Bedroom | 7.58 | 11.91 | |
| Room 6 | Main | Kitchen | 11.09 | 11.32 | |
| Room 7 | Main | Living Ro | 9.51 | 15.15 | |
| Room 8 | Second | Kitchen | 8.92 | 12.17 | |
| Room 9 | Second | Living Ro | 9.51 | 15.15 | |
| Room 10 | Third | Bedroom | 14.99 | 14.5 | |
| Room 11 | Third | Bedroom | 9.09 | 14.6 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | Basement |
| Washroom Type 2 | 4 | Basement |
| Washroom Type 3 | 4 | Main |
| Washroom Type 4 | 4 | Second |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 100+ |
| Property Type: | Fourplex |
| Style: | 3-Storey |
| Exterior: | Stone |
| Garage Type: | None |
| (Parking/)Drive: | Available, |
| Drive Parking Spaces: | 10 |
| Park #1 | |
| Parking Type: | Available, |
| Park #2 | |
| Parking Type: | Available |
| Park #3 | |
| Parking Type: | Lane |
| Pool: | None |
| Approximatly Age: | 100+ |
| Approximatly Square Footage: | 3000-3500 |
| Property Features: | Hospital, Library |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Window Unit |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX FINEST REALTY INC., BROKERAGE |
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Ali Shahpazir
Sales Representative
Dir:
416-473-8225
Bus:
416-473-8225
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At a Glance:
| Type: | Freehold - Fourplex |
| Area: | Frontenac |
| Municipality: | Kingston |
| Neighbourhood: | 22 - East of Sir John A. Blvd |
| Style: | 3-Storey |
| Approximate Age: | 100+ |
| Tax: | $6,912 |
| Beds: | 2+3 |
| Baths: | 4 |
| Fireplace: | N |
| Pool: | None |
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