For Sale

79-81 Queen Street, Kingston, Ontario K7K 1A5

$0

79-81 Queen Street, Kingston, Ontario K7K 1A5 is For Sale and has a listing price of 1,600,000. The property is located in the Kingston . It's been on the website for 86 Days.

  • Fourplex
    Property Type
  • 5
    Bedrooms
  • 4
    Bathrooms
  • Parking
  • MLS ID: X12250748
  • Office Name RE/MAX FINEST REALTY INC., BROKERAGE
Property Description

Welcome to 79-81 Queen Street, a historic gem in the heart of downtown Kingston. Built in 1840, this stately limestone building combines timeless charm with modern amenities, making it a standout investment opportunity. The property features limestone construction with exposed brick interiors that exude character and tenants love. Located in Kingston’s vibrant downtown core, it has so many amenities within easy 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 unit includes appliances, with two featuring dishwashers and one equipped with laundry as well. The property has a history of being fully rented with no vacancies, highlighting its strong rental demand. Additionally, 10 coveted parking spots generate an extra $1,000 per month. There is also room for expansion on the large lot, offering opportunities to add to this property. With easy cosmetic renovations, the units themselves have significant 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 net operating income of $67,561. With its unbeatable location, solid income stream, and historic charm, 79-81 Queen Street offers a rare opportunity to own a piece of Kingston’s heritage while enjoying a lucrative, low-maintenance investment.

Property Details
  • Bedrooms: 5
  • MLS ID: X12250748
  • Bathrooms: 4
  • Price: $1,600,000
  • Lot Depth: 132
  • Transaction Types: For Sale
  • Ref ID: X12250748
  • View: Ocean View
  • Year Built: N/A
  • Approx Sqft: 3000-3500
  • Dir / Cross St: One street north of Princess, East of Division. 79-81 Queen is just West of Wellington on the North side of Queen St.
  • Status: Active
  • Tax Year: 2024
  • Approx Age: 100+
  • Property Type: Fourplex
  • Property Type: All Houses
  • Property Sub Category: Fourplex
Price History
List Date MLS ID List Price Status End Date Closed Price
06/27/2025 X12250717 $1,600,000 For Sale - -
06/27/2025 X12250748 $1,600,000 For Sale - -
12/20/2024 X11898946 $1,600,000 Cancelled 01/06/2025 -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Kingston
  • $835,996 Average List Price
    based on 1 year
  • 219 New Listings
    based on 30 days
  • 70 Median Days on Market
    based on 1 year
  • List vs. Selling Price 106.18 % Up
  • Sold (12mo) 1,181
  • Rented (12mo) 70

  • 1 Month Change -13.0%
  • 3 Month Change +71.7%
  • 6 Month Change +10.1%
Walkscore
Additional Details
  • Heat Type Baseboard
  • Heat Source Electric
  • Style 3-storey
  • Washroom Type1: 1
  • Garage Type Y
  • Parking Spaces: 10
  • Exterior Stone
  • Kitchen 3
  • Parking Y
  • Family Room: 1
  • Washrooms Type 1 # Pcs: 3
  • Washrooms Type 2 # Pcs: 4
  • Washrooms Type 3 # Pcs: 4
  • Washrooms Type 4 # Pcs: 4
  • Washrooms Type 2: 1
  • Washrooms Type 3: 1
  • Washrooms Type 4: 1
  • Taxes: $6,367
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: TBA
  • Listing Entry Date: 27/06/2025 19:52:00
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