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    For Sale - 79-81 Queen Street, Kingston, Ontario

    Est payment $7,083/mo
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    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.
    Listing IDX13668718
    Address79-81 Queen Street
    CityKingston, Ontario
    Price$1,475,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentBasement 1Heating / Cooling BaseboardSewer Sanitary

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    Listing Agency:  RE/MAX FINEST REALTY INC., BROKERAGE

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    79-81 Queen Street
    Kingston , Ontario
    $1,475,000
    Get more info