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$3,950,000
Available - For Sale
Listing ID: X12356113
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), many of Kingston's tourist hub locations such as Springer Market Square, Memorial Centre and Agricultural Grounds, Confederation Basin & the Slush Puppie Place (sports entertainment facility). Seller willing to provide Seller Financing, subject to review of the Buyer. Details on the attached Flyer.
Price $3,950,000
Taxes: $74,769
Tax Type: Annual
Assessment Year: 2024
Occupancy by: Tenant
Address: 641 Princess Street , Kingston, K7L 1E4, Frontenac
Postal Code: K7L 1E4
Province/State: Frontenac
Legal Description: See attached
Directions/Cross Streets: Princess St and Victoria Street
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
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Washroom 16:  0
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Washroom 18:  0
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Washroom 25:  0
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Washroom 29:  0
Washroom 30:  0
Washroom 31:  0
Washroom 32:  0
Washroom 33:  0
Washroom 34:  0
Washroom 35:  0
Category: Apartment
Use: Other
Building Percentage: T
Total Area: .74
Total Area Code:  Acres
Maintenance: 0
Sprinklers: No
Rail: N
Heat Type: Other
Central Air Conditioning: No
Sewers: Sanitary+Storm
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ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE

641 Princess Street , Kingston, K7L 1E4, Frontenac

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Maria Tompson
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Type: Com - Investment
Area: Frontenac
Municipality: Kingston
Neighbourhood: 14 - Central City East
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Lot Size: x 150.00(Feet)
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Tax: $74,769
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
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Independently owned and operated.
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