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79-81 Queen Street
22 - East of Sir John A. Blvd Kingston K7K 1A5

$1,475,000 /For Sale
Commercial

Main Photo: 79-81 Queen Street in Kingston: 22 - East of Sir John A. Blvd Commercial for sale : MLS®# X13668718
Photo 1: 79-81 Queen Street in Kingston: 22 - East of Sir John A. Blvd Commercial for sale : MLS®# X13668718
Photo 2: 79-81 Queen Street in Kingston: 22 - East of Sir John A. Blvd Commercial for sale : MLS®# X13668718
Photo 3: 79-81 Queen Street in Kingston: 22 - East of Sir John A. Blvd Commercial for sale : MLS®# X13668718
Photo 4: 79-81 Queen Street in Kingston: 22 - East of Sir John A. Blvd Commercial for sale : MLS®# X13668718
Photo 5: 79-81 Queen Street in Kingston: 22 - East of Sir John A. Blvd Commercial for sale : MLS®# X13668718
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Photo 49: 79-81 Queen Street in Kingston: 22 - East of Sir John A. Blvd Commercial for sale : MLS®# X13668718
Photo 50: 79-81 Queen Street in Kingston: 22 - East of Sir John A. Blvd Commercial for sale : MLS®# X13668718
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X13668718
Bus Major:
Apts - 2 To 5 Units
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.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Approx. Age:
100+
Total Area:
2785 sq. ft. Square Feet
Total Area:
2,785 sq. ft.
Lot Depth:
132'
Lot Frontage:
34'
Lot Shape:
Rectangular
Water supply:
Municipal
Zoning:
DT1
Heating type:
Baseboard
Garage:
None
Parking Spaces:
10
Possession Details:
TBD
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$6,912 / 2026
Assessment:
$- / -
Frontenac
Kingston
22 - East of Sir John A. Blvd
Fridge x4, Stove x4, Dishwasher x2, Range hood x 2, washer/dryer combo, Hot water tank x 5,all smoke detectors
Tenant's belongings
Utilities:
Yes
Sewers:
Sanitary
Air Conditioning:
Partial
Seller Property Info Statement:
No
Condo Fee:
$0
Major Business Type:
Apts - 2 To 5 Units
Category:
Apartment
Date Listed:
Aug 12, 2026
Original Price:
Previous Price:
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Listed by RE/MAX FINEST REALTY INC., BROKERAGE
Data was last updated August 12, 2026 at 10:15 PM (UTC)
DARYL  KING
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