627 Princess Street, Kingston, ON K7L 1E2, Kingston, ON, K7L 1E2
MLS: X13079212 | Land
$1,289,000
Property Description
A rare opportunity to acquire a development-ready site with approvals in place along one of Kingston's most active urban growth corridors. Prime multi-residential development opportunity in Kingston's rapidly transforming Williamsville corridor. This offering includes two separately deeded parcels- 627 Princess Street and 518 Albert Street- being sold together as a single package in a high-demand intensification area. 627 Princess Street benefits from approved plans for a six-storey residential building comprising 45 units (62 bedrooms), including a mix of bachelor, one-bedroom, one-bedroom plus den, and two-bedroom layouts. The proposed development includes approximately 33,500 sq. ft. of above-grade space, amenity areas, bike storage, and surface parking, with approved vehicular access from Albert Street. 518 Albert Street provides additional density potential with zoning in place to permit a four-unit multi-family development, offering an excellent opportunity to complement or expand the overall project. Situated steps from Queen's University, major retail amenities, and Kingston Health Sciences Centre, the property is ideally positioned to serve a strong and growing rental market driven by students and healthcare professionals. The surrounding area is undergoing significant redevelopment, with numerous mid-rise residential projects completed, under construction, or in planning stages.
Quick Facts
- Property Type: Land
- Bedrooms: None
- Bathrooms: None
- Lot Size: 0 sq ft (0.0 m²)
Costs
- Annual Taxes: $20,489.31 (2025)
Listing Provided by: ROGERS & TRAINOR COMMERCIAL REALTY INC., BROKERAGE
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Utilities: Available
Exterior & Construction
- Sewer: Sanitary
Lot & Land
- Lot Size: 0 sq ft (0.0 m²)
- Zoning: WM1, UR5
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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627 Princess Street, Kingston, ON K7L 1E2, Kingston, ON, K7L 1E2