79-81 Queen Street,Kingston, ON K7K 1A5
Kingston, ON K7K 1A5
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.
Details
| MLS # | X13668722 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 13 |
| Listing Provided By | RE/MAX FINEST REALTY INC., BROKERAGE | X13668722 470300 |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 4 |
| Basement | Y |
| Story(s) | 3 |
| Acreage | 0.10 |
| Water Front | None |
| Property View | City, Downtown |
Interior
| Interior Features | Carpet Free, Separate Hydro Meter, Water Heater Owned |
|---|---|
| Lease To Own Equipment | None |
| Cooling | Window Unit(s) |
| Heat Source | Electric |
| Fireplace Yes / No | No |
Exterior
| Exterior Features | Porch |
|---|---|
| Roof | Asphalt Shingle |
| Foundation Details | Stone |
| View | City, Downtown |
| Construction Materials | Stone |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Available, Lane, Private, Reserved/Assigned |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 6912 |
|---|---|
| Tax Legal Description | PT LT 195 ORIGINAL SURVEY KINGSTON CITY AS IN FR581130 T/W FR581130; KINGSTON ; THE COUNTY OF FRONTENAC |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| County | Frontenac |
| City | Kingston |
| Postal Code | K7K 1A5 |
| Area | 22 East of Sir John A. Blvd |
| Listing VS Median (in K7K 1A5) | |
Price: $1,475,000 low | high Med: $1,475,000 On site: 13 low | high Med: 13 | |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | ON |
|---|---|
| County | Frontenac |
| City | Kingston |
| Postal Code | K7K 1A5 |
| Area | 22 East of Sir John A. Blvd |
| Listing VS Median (in K7K 1A5) | |
Price: $1,475,000 low | high Med: $1,475,000 On site: 13 low | high Med: 13 | |
