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297 Helen Street
14 - Central City East Kingston K7L 4P6

$5,300,000 /For Sale
Commercial

Main Photo: 297 Helen Street in Kingston: 14 - Central City East Commercial for sale : MLS®# X12575588
Photo 1: 297 Helen Street in Kingston: 14 - Central City East Commercial for sale : MLS®# X12575588
Photo 2: 297 Helen Street in Kingston: 14 - Central City East Commercial for sale : MLS®# X12575588
Photo 3: 297 Helen Street in Kingston: 14 - Central City East Commercial for sale : MLS®# X12575588
Photo 4: 297 Helen Street in Kingston: 14 - Central City East Commercial for sale : MLS®# X12575588
Photo 5: 297 Helen Street in Kingston: 14 - Central City East Commercial for sale : MLS®# X12575588
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X12575588
Bus Major:
Apts - Over 20 Units
Two 14-unit apartment buildings on one parcel in a prime downtown Kingston location. Strong in-place cash flow with below-market rents and a clear value-add trajectory. The property generates a current NOI of $216,006 annually (reflecting the in-progress unit turnover). All units have independent hydro service. The asset is also well-positioned for CMHC MLI Select financing, providing investors the opportunity to enhance leverage and maximize long-term returns .Full financials, rent roll, environmental reports, survey, floorplans, and photos are available through the secure data room.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
29405 sq. ft. Square Feet
Total Area:
29,405 sq. ft.
Lot Depth:
242'4"
Lot Frontage:
92'
Water supply:
Municipal
Zoning:
URM6
Heating type:
Gas Hot Water
Heating Fuel:
Gas
Cooling:
No
Garage:
None
Possession Details:
Flexible
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$64,601.41 / 2025
Assessment:
$- / -
Frontenac
Kingston
14 - Central City East
Utilities:
Yes
Air Conditioning:
No
Seller Property Info Statement:
No
Major Business Type:
Apts - Over 20 Units
Category:
Apartment
Date Listed:
Nov 25, 2025
Original Price:
Previous Price:
  • Photo 1: 297 Helen Street in Kingston: 14 - Central City East Commercial for sale : MLS®# X12575588
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  • Photo 2: 297 Helen Street in Kingston: 14 - Central City East Commercial for sale : MLS®# X12575588
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  • Photo 3: 297 Helen Street in Kingston: 14 - Central City East Commercial for sale : MLS®# X12575588
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  • Photo 4: 297 Helen Street in Kingston: 14 - Central City East Commercial for sale : MLS®# X12575588
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  • Photo 5: 297 Helen Street in Kingston: 14 - Central City East Commercial for sale : MLS®# X12575588
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Listed by RE/MAX RISE EXECUTIVES, BROKERAGE
Data was last updated November 27, 2025 at 04:15 AM (UTC)
DARYL  KING
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Why Invest in Apartment Buildings for Sale?

Owning an apartment building for sale provides unique advantages:

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When evaluating apartment buildings for sale, consider:

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Whether you’re looking for small multi-family units or larger residential complexes, we offer a wide selection of apartment buildings for sale to match your investment goals. Let us help you find a property that offers steady income and long-term value.

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FAQs – Apartment Buildings for Sale

1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

3. Can first-time investors buy apartment buildings?
Yes, many financing options are available for new investors, including CMHC-backed loans and commercial mortgages.

4. How many units are considered an apartment building?
Typically, any property with five or more units is classified as an apartment building for investment purposes.

5. Where can I find apartment buildings for sale?
You can find listings across major cities and growing suburbs where rental demand remains strong.