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$4,999,000

Kingston (Central City East) ON, K7L 1E4

MLS® # X12356113

Property Information:

Prime infill development opportunity at the corner of Princess Street and Victoria Street which includes Four (4) separate parcels (641& 647 Princess St and 575 & 575 Victoria Street), located within Kingston's designated intensification corridor. Pre-Application report on file, completed by Fotenn Consulting (from July 2025), and has received initial support by Planning Staff of the City of Kingston. Initial plans suggest a mix of commercial and residential uses at grade and new residential units to be built out above, which meaningfully integrates the Williamsville Main Street policy and provides a new building that is compatible with the existing built form and heritage context of the area. Description of proposal: Pre-application proposal to construct a 6-storey mixed-use building, featuring approximately 116 new residential dwelling units and 555 square metres of ground floor commercial space oriented along Princess Street, on the lands municipally known as 575- 577 Victoria Street and 641-647 Princess Street. Parking for the subject property will be provided through one level of underground parking, with a total of 54 vehicular parking spaces, and 2 above-grade loading spaces. Access to the underground parking area, and loading spaces, will be provided via Victoria Street with as much separation as possible provided from the intersection. The existing 2-storey Heritage building (currently leased by The Yellow Deli) is proposed to be retained, with partial demolition of the addition along the Victoria Street and Princess Street frontages. Located in close proximity to Queen's University, Kingston Health Sciences Centre (formerly known as Hotel Dieu Hospital), and many of Kingston's tourist hub locations such as Springer Market Square, Memorial Centre and Agricultural Grounds, Confederation Basin and the Slush Puppie Place (sports entertainment facility). Further details on the attached information sheet. (id:7525)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Floor Space: 1 ac
  • Heating Type: Other
  • Cooling Type: None

Property Features:

  • Property Type: Multi-family
  • Farm Type: Other
  • Features: Irregular lot size
  • Floor Space (approx): 1 Square Feet
  • Lot Depth: 150.0 Feet
  • Lot Frontage: 228.0 Feet
  • Zoning: WM1

Potential Investment Performance

There is not enough data on this property to provide a potential investment performance at this time, please click the button below for an in-person valuation

Location of 641 PRINCESS STREET, Kingston (Central City East), Ontario, K7L 1E4

Demographic Information of 641 PRINCESS STREET, Kingston (Central City East), Ontario, K7L 1E4

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$72,222.14

Average Number of Children

1.36

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

11.47 %

High school certificate or equivalent

36.48 %

Apprenticeship trade certificate/diploma

3.63 %

College/non-university certificate

19.62 %

University certificate (below bachelor)

0.84 %

University Degree

27.96 %

Commuter

Travel To Work

By Car

65.01 %

By Public Transit

10.47 %

By Walking

19.3 %

By Bicycle

1.81 %

By Other Methods

3.41 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

65.75 %

Houses

34.25 %

Own Vs. Rent