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MLS® X13668722
Kingston, ON
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.
Inclusions
Fridge x 4, Stove x 4, Range hood x 2, Dishwasher x 2, Washer/dryer combination unit, hot water tank x 5, smoke detectors
Exclusions
Tenant's belongings
Broker
RE/MAX FINEST REALTY INC., BROKERAGE
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Fourplex
79-81 Queen Street Kingston
Kingston
Built
100+
Type
Fourplex
Basement
Apartment, Full, Walk-Up, Finished
Parking
None (10)
Property Tax
~$6,912/yr
Heating
Baseboard
Buying Essentials
Square Feet
3250 sqft
Facing Direction
North
Parking
None (10)
Finances
List Price
$1,475,000
Price per SQFT
$454/sqft
Property Tax
~$6,912/yr
Property Specs
Property Type
Fourplex
MLS Size
3250 sqft
Age of Building
100+
Basement
Apartment, Full, Walk-Up, Finished
Living & Amenities
Heating Type
Baseboard
Features
Carpet Free · Separate Hydro Meter · Water Heater Owned
Policies & Utilities
Neighbourhood
Kingston
Listed On
Aug 12, 2026
Hospital
Library
Marina
Park
Public Transit
Rec./Commun.Centre
Days on Market
Current: 87 days
11.7 x 9.7
114 sqft
11.7 x 11.9
140 sqft
13.5 x 11.5
155 sqft
10.2 x 10.8
110 sqft
7.6 x 11.9
90 sqft
11.1 x 11.3
126 sqft
9.5 x 15.2
144 sqft
8.9 x 12.2
109 sqft
9.5 x 15.2
144 sqft
15.0 x 14.5
217 sqft
9.1 x 14.6
133 sqft
Rooms
11
Listed Room Area
1,482 sqft
Source
Estimated from MLS room dimensions
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