479 Princess Street Kingston, Ontario K7L 1C3

$1,225,000

Located in the heart of downtown Kingston, 479 Princess Street presents a versatile mixed-use investment opportunity with 3,115.06 sq ft of total interior space with 1,077 sq ft of basement area. Zoned WM1, the property permits a wide range of residential and commercial uses, including restaurant, retail, office, and apartment dwellings. The main floor is leased to a long term tenant on a month to month lease and features a fully equipped restaurant, including a spacious kitchen, dining areas, walk-in freezer, with washrooms on the 2nd floor. The second floor includes one x 5 bedroom residential unit, 2 x bathrooms, and in-suite laundry. The basement offers over 1,000 sq ft of dedicated storage space, ideal for operational or tenant use. This high-visibility property is strategically positioned along a major commercial corridor, benefiting from strong pedestrian and vehicular traffic, and surrounded by new development, and is well-suited for investors or owner-operators seeking stable returns and long-term value. Residential apartment is currently managed by Frontenac Property Management and is listed at $4875/month + utilities. (id:42597)

Property Details

MLS® Number	X12131307
Property Type	Retail
Neigbourhood	University District
Community Name	22 - East of Sir John A. Blvd
Farm Type	Other

Building

Cooling Type	Partially Air Conditioned
Heating Type	Other
Size Interior	3,115 Ft2
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	107 Ft ,8 In
Size Frontage	30 Ft ,6 In
Size Irregular	30.5 X 107.71 Ft
Size Total Text	30.5 X 107.71 Ft
Zoning Description	Wm1

https://www.realtor.ca/real-estate/28274977/479-princess-street-kingston-east-of-sir-john-a-blvd-22-east-of-sir-john-a-blvd