Selling
82-94 155-159 Brock St & Wellington St. Street, Kingston, ON K7L 3E1
$4,700,000
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 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.
Overview
Property ID:
X11993168
Type:
Commercial Retail
Square:
18,016 m²
Price:
$4,700,000
PropertyType:
Commercial
TransactionType:
For Sale
BuildingAreaUnits:
Square Feet
Cooling:
Partial
Heating:
Gas Hot Water
ParkingFeatures:
None
YearBuilt:
100+
TaxAnnualAmount:
81101.62
PossessionDetails:
N/A
Map
-
AddressKingston
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