For Sale: 79-81 Queen Street, Kingston, ON - REW
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$1,475,000
0 bd • ba • 2785 sf • Multifamily
79-81 Queen Street
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$1,475,000
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79-81 Queen StreetKingston, ON, K7K 1A5

  • 0 Bed
  • Bath
  • 2785 Sqft
  • Multifamily

About this home

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:63626)
Listed by: JESSICA HELLARD, Broker, RE/MAX FINEST REALTY INC., BROKERAGE

Home facts and features

Price details
List Price
$1,475,000
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Gross Taxes for 2026
$6,912
Home facts
Bedrooms
0
Full Bathrooms
Parking Spaces
10
Property Type
Multifamily
Depth
132 feet
Frontage
34.0 feet
Heating Type
Baseboard heaters
Cooling
Partially air conditioned
Appliances
Dishwasher, Dryer, Hood Fan, Washer, Water Heater
Agent details
Primary Agent
Primary Broker
RE/MAX FINEST REALTY INC., BROKERAGE
Listing details
Days on REW
3 Days
MLS® Number
X13668718
Source
Canadian Real Estate Association
Board
Kingston & Area Real Estate Association
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25 Years
Interest Rate
3.99%

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Property Insights

Central Public School
  • Public
  • JK - 8
Cathedrale Catholic School
  • Catholic
  • JK - 8
Sydenham Public School
  • Public
  • JK - 8
St Patrick Catholic School
  • Catholic
  • JK - 8
Kingston Collegiate
  • Public
  • 9 - 12
Regiopolis/Notre-Dame Catholic High School
  • Catholic
  • 9 - 12
Winston Churchill Public School
  • Public
  • JK - 8
Rideau Public School
  • Public
  • JK - 8
St Joseph School
  • Catholic
  • JK - 5
St Peter Catholic School
  • Catholic
  • JK - 8
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Call Agent
Broker
JESSICA HELLARD
Phone:
(613) 532-5336
Cell:
613-532-5336
Office:
613-389-7777
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