Development opportunity in the absolute heart of the Queen’s student living and commercial hub. Plans are in place for a mixed commercial and residential development consisting of a 3rd storey addition Once finished, the final project (recently appraised at 4.4 million) is mapped out for 8 residential units (six one bedroom units and two two-bedroom units) as well as a common amenity space, parking for nine cars and sheltered bicycle parking for 10. The ground floor will accommodate amenity space at the rear and approximately 1560 square feet of premier retail space fronting on Division Street in the heart of the student commercial district in one of the few remaining underdeveloped marquee corners in the city of Kingston. Current status of the development: The building has been abated, gutted, and planned. Financing is in place for purchase for the right buyer/developer. This is not a turnkey asset, but a turn key development project waiting for an organization looking to unlock tremendous value and add a crown jewel in one of the best locations in the city for downtown commerce and Queen’s student living. (id:47423)
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Detailed Information
Lot
42 x 142 ft
Community Features
High Traffic Area
Listing Contract Date
2024-06-10
Location Description
Approximately 250 feet south of Princess at Division
Ownership Type
Freehold
Property Type
Office
Transaction Type
For sale
Zoning Description
CA
Building
Basement Type
Partial
Stories Total
2
Size (Exterior)
3866
Utility Water
Municipal water
Land
Total Size
under 1/2 acre
Sewer
Municipal sewage system
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