$ 4,800,000
82-94 155-159 BROCK AND WELLINGTON Street Kingston, ON K7L3E1
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$ 4,800,000
Est. payment | /mo
18,016 SqFt
$ 4,800,000
Est. payment | /mo
18,016 SqFt
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 18,016 sqft
Price per Sqft $266
Subdivision 14 - Central City East
MLS® Listing ID 40568196
Originating Board Kingston & Area Real Estate Association
Year Built 1847
Property Description
In the heart of downtown Kingston, sits this one-of-a-kind, well-conditioned, well-operated historical building. This building has 6 retail storefronts spanning over 6000 sq. ft. on the ground floor, 3 offices on the second floor, and 11 residential apartments on the second and third floors. This historic limestone building has up-to-date security and fire safety features and has been diligently and prudently maintained by the current owners for 5 decades. In today’s world of rising rates and economic uncertainty, this investment will add stability and growth to any portfolio. All the retail leases have built-in annual escalation. The residential units never stay vacant long. Kingston’s downtown is recognized as one of Ontario's best downtowns with over 700 entertainment venues, marinas, city hall, and more, and this property is an integral corner to the community. Within easy walking distance to Queen’s University, both hospitals, restaurants, banks, and grocery stores, the next owner will hold a piece of Kingston history! Full financials available to qualified buyers upon completion of confidentiality agreement. (id:24570)
Location
Province ON
Exterior
Garage No
Community Features High Traffic Area
Waterfront No
View Y/N No
Private Pool No
Building
Story 3
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by RE/MAX Service First Realty Inc, Brokerage
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