$2,200,000
( $569.06Per Sq Foot )
 $11,810 est/mo Sourced by Back At You

162 Division Street , Kingston, ON K7L 3M6

Kingston, ON K7L 3M6

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Description

Development opportunity in the absolute heart of the Queen’s student living and commercial hub. Plans are in place for a mixed commercial and residential development consisting of a 3rd storey addition Once finished, the final project (recently appraised at 4.4 million) is mapped out for 8 residential units (six one bedroom units and two two-bedroom units) as well as a common amenity space, parking for nine cars and sheltered bicycle parking for 10. The ground floor will accommodate amenity space at the rear and approximately 1560 square feet of premier retail space fronting on Division Street in the heart of the student commercial district in one of the few remaining underdeveloped marquee corners in the city of Kingston. Current status of the development: The building has been abated, gutted, and planned. Financing is in place for purchase for the right buyer/developer. This is not a turnkey asset, but a turn key development project waiting for an organization looking to unlock tremendous value and add a crown jewel in one of the best locations in the city for downtown commerce and Queen’s student living.

Details

MLS#40604154
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site44
Listing Provided BySutton Group-Masters Realty Inc Brokerage | Ricky Paudyn

Features

SQ Feet3,866
BasementY
Story(s)2
ZoningCA
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 1 minute ago
ProvinceON
CountyFrontenac
CityKingston
Postal CodeK7L 3M6
AreaKingston
Subarea14 Central City East
Community Name14 Central City East
Listing VS Median (in 14 Central City East)
Price:
$2,200,000
low | high
Med:
$682,450
100% of Average
SqFt:
3,866
low | high
Med:
1,370
100% of Average
$ / SqFt:
$569
low | high
Med:
$499
62.335289112862% of Average
On Site:
44
low | high
Med:
261.000000
16.858237547893% of Average
Sourced by Back At You
Listing Updated: June 11, 2024 at 12:13:39 PM PDT