Description
First time for sale in 50 years, at the intersection of Brock and Wellington Sts, and 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. Fully leased, this property is a performer! In todays world of rising rates and economic uncertainty, this investment will add stability and growth to any portfolio. All the retail operators are not only surviving but flourishing, and all signed to leases with escalation. With the prime location, the residential units never stay vacant long. Kingstons 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, grocery stores, the next owner will hold a piece of Kingston history!
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0BEDS
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< 0.5ACRES
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0BATHS
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01/2 BATHS
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18,016SQFT
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$305$/SQFT
Description
First time for sale in 50 years, at the intersection of Brock and Wellington Sts, and 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. Fully leased, this property is a performer! In todays world of rising rates and economic uncertainty, this investment will add stability and growth to any portfolio. All the retail operators are not only surviving but flourishing, and all signed to leases with escalation. With the prime location, the residential units never stay vacant long. Kingstons 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, grocery stores, the next owner will hold a piece of Kingston history!