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CAONKingston79-81 Queen St
Listing image | Image 1

79-81 Queen St, Kingston, ON

House

For Sale

Listed price in listed location currency (CAD).
$1,475,000

0010

MLS® X13668718

Overview

Key Facts

Type 
Levels Commercial Sale
Size -
Garage None
Taxes $6,912
Days Active 1
Lot Size 
Approx. Age 
MLS® Number X13668718

Property Address: 79-81 Queen St, Kingston, ON, K7K1A5

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberX13668718
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNone
Approx. Age
Basement
DrivewayGarage Type:None
Garage Spaces
HeatBaseboard
A/CPartial

Extras

Price History

Last Sold Price

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Appreciation

--

Avg. Days Listed

--

Today, For Sale for $1,475,000

For Sale · 0 days

$1,475,000

MLS® X13668718

17 hours ago

Not Sold Yet

August 2026, For Sale for $1,475,000

For Sale · 0 days

$1,475,000

MLS® X13668718

17 hours ago

Not Sold Yet

October 2025, Expired for $1,600,000

Expired · 125 days

$1,600,000

MLS® X12250748

9 months ago

Canceled on Oct 31, 2025

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