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Commercial Property

243-263 1/2 King St E

Kingston, ON

Sold

LANDMARK OPPORTUNITY

Very rare opportunity to purchase a full downtown block in the City of Kingston, Ontario that is approximately fifty percent developed with several buildings and also has as-of-right zoning to allow for future in-fill development on the surface parking lot lands.  Given its prime downtown location situated between a vibrant downtown core, the waterfront, Queen’s University and three hospitals, opportunities abound to re-purpose this well-maintained heritage property for a signature mixed use re-development that may include office uses, purpose built student housing, market apartments and/or condominiums, ground floor retail and continuum of care uses.  The Seller will leaseback the entire property for a three-year period on terms specified herein allowing for ample time for a buyer to evolve its plans and to obtain necessary approvals to proceed to the construction phase.

  • Walk Score:94
  • Size:144,689 +/- sf (building total including basements)
  • Price:Unpriced

Features

Listing Type
Redevelopment / Development
Region
Kingston
Asking Price/Rate
Unpriced
Space Available
144,689 +/- sf (building total including basements)
Sales Status
Sold
Zoning
DT2 & C1-18
Lot Size
0.6732 +/- hectares (1.6635 +/- acres)
Parking
119 (total surface & underground spaces)

LISTING AGENT INFO

Martin L. Skolnick
Broker/Vice President
Phone: 613-542-2724 x 27
Scott Botting, B.Comm
Broker
Phone: 613-542-2724 x 33