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 todays 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 Queens 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:4069)
Address
82-94 155-159 BROCK ST & WELLINGTON ST. STREET
List Price
$4,499,900
Property Type
Retail
Transaction Type
Sale
Area
Ontario
Sub-Area
Kingston (central City East)
Floor Area
18,016 Sq. Ft.
Lot Size
74.97 x 97.82 FT Sq. Ft.
Lot Depth
97 ft ,9 in
Frontage Length
74 ft ,11 in
MLS® Number
X13024752
Listing Brokerage
RE/MAX SERVICE FIRST REALTY INC., BROKERAGE
Postal Code
K7L3E1
Zoning
DT-1
Site Influences
Public Transit
Heat Source
Natural gas
Heat Type
Hot water radiator heat
Cooling Features
Partially air conditioned
Water Source
Municipal water
