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$1,600,000
Available - For Sale
Listing ID: X11898946
Welcome to 79-81 Queen Street, a historic gem in the heart of downtown Kingston. Built in 1840, this stately limestone building combinestimeless charm with modern amenities, making it a standout investment opportunity. The property features limestone construction withexposed brick interiors that exude character and tenants love. Located in Kingston's vibrant downtown core, it has so many amenities withineasy walking distance including the waterfront, Queens University, Kingston General Hospital, and an incredible number of shops, restaurants,and cultural attractions. This turnkey investment offers four residential units, all separately metered to ensure low operating costs. Each unitincludes appliances, with two featuring dishwashers and one equipped with laundry as well. The property has a history of being fully rented withno vacancies, highlighting its strong rental demand. Additionally, 10 coveted parking spots generate an extra $1,000 per month. There is alsoroom for expansion on the large lot, offering opportunities to add to this property. With easy cosmetic renovations, the units themselves havesignifcant potential for increased revenue, adding even more value to this already attractive investment. Current rents include Unit 79-1 $1,400/month (Oct 2024 - Sep 2025), Unit 79-2 $1,800/month (May 2024 - Apr 2025), Unit 81-1 $1,691/month (month-to-month), and Unit 81-2 $1,800/month (Jul 2024 - Jun 2025). Combined with the parking income, the property currently has a gross annual income of $92,292 and a netoperating income of $67,561. With its unbeatable location, solid income stream, and historic charm, 79-81 Queen Street offers a rare opportunityto own a piece of Kingston's heritage while enjoying a lucrative, low-maintenance investment.
Price $1,600,000
Taxes: $6,366.78
Address: 79-81 Queen St , Kingston, K7K 1A5, Ontario
Lot Size: 34 x 132 (Feet)
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 +: 1
Bedrooms: 4
Bedrooms +: 2
Washrooms: 4
Kitchens: 4
Family Room: Y
Basement: Apartment
Finished
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Kitchen 11.74 9.68
Room 2: Main Living 11.74 11.02
Room 3: Bsmt Br 13.45 11.51
Room 4: Main Kitchen 11.09 11.32
Room 5: Main Living 10.92 15.48
Room 6: Bsmt Br 10.23 10.76
Room 7: Bsmt Br 7.58 11.91
Room 8: 2nd Kitchen 8.92 12.17
Room 9: 2nd Living 9.51 15.15
Room 10: 3rd Br 14.99 12.17
Room 11: 3rd Br 9.09 14.60
No. of Pieces Level
Washroom 1:  3 Bsmt
Washroom 2:  4 Bsmt
Washroom 3:  4 3rd
Washroom 4:  4 2nd
Property Type: Fourplex
Style: 2-Storey
Exterior: Stone
Garage Type: None
(Parking/)Drive: Available
Drive Parking Spaces: 10
Pool: None
Approximatly Age: 100+
Approximatly Square Footage: 3000-3500
Property Features: Hospital
Library
Park
Place Of Worship
Public Transit
School
Fireplace/Stove: N
Heat Source: Electric
Heat Type: Baseboard
Central Air Conditioning: Window Unit
Central Vac: N
Laundry Level: Lower
Elevator Lift: N
Sewers: Sewers
Water: Municipal
Utilities-Cable: Y
Utilities-Hydro: Y
Utilities-Gas: Y
Utilities-Telephone: Y
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RE/MAX FINEST REALTY INC., BROKERAGE

79-81 Queen St , Kingston, K7K 1A5, Ontario

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MD Ashraful Bari
Broker
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647.406.6653
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905.201.9977
Fax:
905.201.9229

 
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Type: Freehold - Fourplex
Area: Frontenac
Municipality: Kingston
Neighbourhood: East of Sir John A. Blvd
Style: 2-Storey
Lot Size: 34.00 x 132.00(Feet)
Approximate Age: 100+
Tax: $6,366.78
Maintenance Fee: $0
Beds: 4+2
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
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Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

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HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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