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79-81 Queen Street

22 - East of Sir John A. Blvd, Kingston, K7K 1A5

$1,475,000

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Listed 69 days ago · MLS® X13668718

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.

Details

Type
Investment
Age
100+ years
Lot
34 × 132 ft
Garage
None
Property tax
$6,912 (2026)
Neighbourhood
22 - East of Sir John A. Blvd
Municipality
Kingston

Heating, cooling and services

Heating
Baseboard
Air conditioning
Partial
Water and sewer
Sanitary
Utilities
Yes

Building and exterior

Age
100+
Building area
2,785 Square Feet

More

Possession
TBD
Cross street
One street north of Princess, East of Division. 79-81 Queen is just West of Wellington on the North side of Queen St.
Business type
Apts - 2 To 5 Units

Rooms

RoomLevelSizeFeatures
Living RoomSecond2.9 × 4.62 m (9'6" × 15'2")
BedroomThird4.57 × 4.42 m (15' × 14'6")
BedroomBasement2.31 × 3.63 m (7'7" × 11'11")
BedroomBasement3.12 × 3.28 m (10'3" × 10'9")
KitchenMain3.38 × 3.45 m (11'1" × 11'4")
KitchenMain3.58 × 2.95 m (11'9" × 9'8")
BedroomBasement4.1 × 3.51 m (13'5" × 11'6")
BedroomThird2.77 × 4.45 m (9'1" × 14'7")
Living RoomMain2.9 × 4.62 m (9'6" × 15'2")
KitchenSecond2.72 × 3.71 m (8'11" × 12'2")
Living RoomMain3.58 × 3.63 m (11'9" × 11'11")

History of this address

3 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Listed by RE/MAX FINEST REALTY INC., BROKERAGE.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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