385 Princess Street, Kingston, ON K7L 1B9, Kingston, ON, K7L 1B9
MLS: X13081484 | Office
$4,950,000
Property Description
Rare opportunity to acquire a fully leased, income-producing commercial asset in the heart of Downtown Kingston's vibrant "Hub" district. 385 Princess Street is a 17,000 SF, two-storey building situated on a 15,941 SF lot, 100% occupied by Queen's University - one of Canada's most prestigious post-secondary institutions. Tenants include Smith Engineering and the Health Sciences Office of Professional Development and Educational Scholarship, providing an exceptional covenant and stable long-term cash flow. The building was extensively renovated following its2020 acquisition, featuring modern open-concept workspaces, enclosed offices, conference facilities, and 24 on-site parking spaces accessible from Queen Street. Zoned Downtown Zone 1 & 2 (DT1/DT2), the site also presents significant future redevelopment potential for a 12-storey, mixed-use project with residential and commercial uses, accessible from both Princess and Queen Streets. Walk Score of 100 with direct transit access and less than 1 km to Queen's University campus.
Quick Facts
- Property Type: Office
- Bedrooms: None
- Bathrooms: None
- Lot Size: 0 sq ft (0.0 m²)
Costs
- Annual Taxes: $35,318.14 (2025)
Listing Provided by: CUSHMAN & WAKEFIELD
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Cooling: Yes
- Utilities: Yes
- Security: Yes
Exterior & Construction
- Sewer: Sanitary+Storm
Lot & Land
- Lot Size: 0 sq ft (0.0 m²)
- Zoning: Downtown Zone 1 (DT1) & Downtown Zone 2 (DT2)
Community & Neighbourhood
- Neighbourhood: 22 - East of Sir John A. Blvd
Listing Information
Listing History
Sold history, price changes, and days-on-market are reserved for registered users.
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385 Princess Street, Kingston, ON K7L 1B9, Kingston, ON, K7L 1B9