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Home ON Greater Kingston Kingston Inner Harbour
79-81 QUEEN STREET
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79-81 QUEEN STREET $1,600,000
$1,600,000
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79-81 QUEEN STREET
Kingston (East of Sir John A. Blvd), Ontario K7K1A5

MLS® Number: X11898946
4 + 2
Bedrooms
4
Bathrooms
3000 - 3500
Square Feet

Listing Description

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. (39649270)

Location Description

One street north of Princess, East of Division. 79-81 Queen is just West of Wellington on the North side of Queen St.

Property Summary

Property Type
Single Family
Building Type
Fourplex
Storeys
2
Square Footage
3000 - 3500 sqft
Community Name
East of Sir John A. Blvd
Land Size
34 x 132 FT|under 1/2 acre
Annual Property Taxes
$6,366.78
Total Parking Spaces
10
Time on REALTOR.ca
54 days

Building

Bedrooms
Above Grade
4
Below Grade
2
Bathrooms
Total
4
Interior Features
Appliances Included
Water Heater, Dishwasher, Dryer, Range, Refrigerator, Stove, Washer
Basement Features
Apartment in basement
Basement Type
N/A (Finished)
Building Features
Features
Lane, Carpet Free
Foundation Type
Stone
Building Amenities
Separate Electricity Meters
Rental Equipment
None
Heating & Cooling
Cooling
Window air conditioner
Heating Type
Baseboard heaters (Electric)
Utilities
Utility Type
Cable (Installed), Sewer (Installed)
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Stone
Neighbourhood Features
Amenities Nearby
Hospital, Park, Place of Worship, Public Transit, Schools
Parking
Total Parking Spaces
10

Measurements

Square Footage
3000 - 3500 sqft

Rooms

MetricImperial
Main level
Kitchen
11 ft ,8 in x 9 ft ,8 in
Living room
11 ft ,8 in x 11 ft
Kitchen
11 ft ,1 in x 11 ft ,3 in
Living room
10 ft ,11 in x 15 ft ,5 in
Second level
Kitchen
8 ft ,11 in x 12 ft ,2 in
Living room
9 ft ,6 in x 15 ft ,1 in
Third level
Bedroom
9 ft ,1 in x 14 ft ,7 in
Bedroom
14 ft ,11 in x 12 ft ,2 in
Basement
Bedroom
13 ft ,5 in x 11 ft ,6 in
Bedroom
10 ft ,2 in x 10 ft ,9 in
Bedroom
7 ft ,6 in x 11 ft ,10 in

Land

Lot Features
Frontage
34 ft
Land Depth
132 ft
View
City view
Other Property Information
Zoning Description
DT1
Data provided by: Kingston & Area Real Estate Association 720 Arlington Park Place, Kingston, Ontario K7M 8H9

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