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627 Princess ST Kingston, ON K7L 1E2
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Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision 22 - East Of Sir John A. Blvd
MLS Listing ID X13079212
Annual Tax Amount $20,489
Tax Year 2025
Property Sub-Type Land
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.
Location
State ON
County Frontenac
Area Frontenac
Zoning WM1, UR5
Exterior
Utilities Available Available
Lot Frontage 62.0
Others
ParcelsYN No
Listed by ROGERS & TRAINOR COMMERCIAL REALTY INC., BROKERAGE
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