79-81 Queen Street

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

Fourplex

Style

3-Storey

Age

100+ years

Size

3000-3500 sq ft

Lot

34 × 132 ft

Basement

Apartment, Full, Walk-Up, Finished

Garage

None

Kitchens

4

Property tax

$6,912 (2026)

Neighbourhood

22 - East of Sir John A. Blvd

Municipality

Kingston

Interior

Bedrooms

2 above ground + 3 below

Bathrooms

1 × 3-piece (basement), 1 × 4-piece (basement), 1 × 4-piece (main), 1 × 4-piece (second)

Rooms

8 above ground + 3 below

Family room or den

No

Fireplace

No

Features

Carpet Free, Separate Hydro Meter, Water Heater Owned

Heating, cooling and services

Heating

Baseboard, Electric

Air conditioning

Window Unit(s)

Water and sewer

Sewer

Building and exterior

Style

3-Storey

Exterior

Stone

Roof

Asphalt Shingle

Foundation

Stone

Age

100+

Faces

North

Outdoor

Porch

Parking

Total parking

10

Driveway and parking

Available, Lane, Private, Reserved/Assigned

Lot

Size

34 × 132 ft (rectangular)

Acreage

< .50

More

Possession

TBD

Nearby

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

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.

Rooms