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$1,475,000

Est. payment - /mo

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2 Beds

4 Baths

New

79-81A Queen ST Kingston, ON K7K 1A5

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Gaby Leveille

gaby@gabyleveille.ca +1(905) 902-2284

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Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3000-3500

Subdivision 22 - East Of Sir John A. Blvd

MLS Listing ID X13668722

Style 3-Storey

Bedrooms 2

Annual Tax Amount $6,912

Tax Year 2026

Property Sub-Type Fourplex

Property Description

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.

Location

Province ON

County Frontenac

Area Frontenac

Rooms

Family Room No

Basement Apartment, Full, Walk-Up, Finished

Kitchen 4

Separate Den/Office 3

Interior

Interior Features Carpet Free, Separate Hydro Meter, Water Heater Owned

Cooling Window Unit(s)

Fireplace No

Heat Source Electric

Exterior

Exterior Feature Porch

Parking Features Available, Lane, Private, Reserved/Assigned

Pool None

Waterfront Description None

View City, Downtown

Roof Type Asphalt Shingle

Lot Frontage 34.0

Lot Depth 132.0

Total Parking Spaces 10

Building

Building Age 100+

Unit Features Hospital,Library,Marina,Park,Public Transit,Rec./Commun.Centre

Foundation Stone

Others

ParcelsYN No

Virtual Tour https://youriguide.com/79_queen_st_kingston_on

Listed by RE/MAX FINEST REALTY INC., BROKERAGE

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Gaby Leveille

Broker | License ID: 4740099

+1(905) 902-2284

79-81A Queen ST Kingston, ON K7K 1A5

Gaby Leveille

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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79-81A Queen ST