Welcome to 79-81 Queen Street, a landmark limestone investment property in the heart of downtown Kingston. Built circa 1840 and rich with historic character, this stately building pairs timeless limestone construction and exposed brick interiors with an exceptional location just steps from the waterfront, Queen's University, Kingston General Hospital, shops, restaurants and cultural attractions. The property offers four residential units, each separately metered to help keep operating costs low, with appliances included in every unit, dishwashers in two and in-suite laundry in one. Current monthly rents are Unit 79-1 at $1,495 beginning September 2026, Unit 79-2 currently offered for lease at $1,795, Unit 81-1 at $1,700 month-to-month and Unit 81-2 at $1,995 beginning August 2026. An exceptional downtown asset, the property also includes 10 coveted parking spaces with the potential to generate an additional $1,000 per month. Based on current projected rents and parking income, the property offers gross annual income of $95,820 and net operating income of approximately $75,780. Its strong rental history reflects the consistent demand for distinctive downtown accommodations, while the large lot may offer future expansion possibilities, including additional units or an addition to the existing building, subject to municipal approvals. The apartments also present value-add potential through cosmetic improvements and future rent growth. With its irreplaceable limestone character, strong projected income, low operating-cost structure, substantial parking and potential for further growth, 79-81 Queen Street is a rare opportunity to acquire a distinguished piece of Kingston's heritage in one of the city's most walkable and sought-after locations.
Address
79-81A Queen Street
List Price
$1,475,000
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Fourplex
Style of Home
3-Storey
Transaction Type
Sale
Area
Kingston
Sub-Area
22 - East of Sir John A. Blvd
Region
Frontenac
Bedrooms
2 + 3
Bedrooms (Total)
5
Rooms Above Grade
8
Rooms Below Grade
3
Bathrooms
4
Floor Area
3000-3500 Sq. Ft.
Lot Size Source
GeoWarehouse
Lot Depth
132
Lot Shape
Rectangular
Lot Size Range (Acres)
< .50
Lot Size Units
Feet
Lot Width
34
Parcel Number
360440046
Occupant Type
Tenant
Cross Street
One street north of Princess, East of Division. 79-81 Queen is just West of Wellington on the North side of Queen St.
Approx. Age
100+ Years
MLS® Number
X13668722
Listing Brokerage
RE/MAX FINEST REALTY INC., BROKERAGE
Basement Area
Apartment, Full, Walk-Up, Finished
Postal Code
K7K 1A5
Posession Details
TBD
Parking
Available, Lane, Private, Reserved/Assigned
Parking Places (Total)
10
Parking Spaces
10
Tax Amount
$6,912.00
Tax Year
2026
Site Influences
Hospital, Library, Marina, Park, Porch, Public Transit, Rec./Commun.Centre
Exterior Features
Porch
Interior Features
Carpet Free, Separate Hydro Meter, Water Heater Owned
Property Features
Hospital, Library, Marina, Park, Public Transit, Rec./Commun.Centre
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Heritage
Standard Status
Active
Board Or Association
Kingston & Area Real Estate Association
Heat Source
Electric
Heat Type
Baseboard
Cooling Features
Window Unit(s)
Construction Materials
Stone
Direction Faces
North
Fireplace
No
Foundation Details
Stone
Garage
No
Garage Type
None
Kitchens Total
4
Kitchens Above Grade
4
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LT 195 ORIGINAL SURVEY KINGSTON CITY AS IN FR581130 T/W FR581130; KINGSTON ; THE COUNTY OF FRONTENAC
View Type
City, Downtown
Waterfront
No
Waterfront
None
Sewer
Sewer
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Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Main | Kitchen | 3.58 x 2.95 Meters | |
| Main | Living Room | 3.58 x 3.63 Meters | |
| Basement | Bedroom | 4.1 x 3.51 Meters | |
| Basement | Bedroom | 3.12 x 3.28 Meters | |
| Basement | Bedroom | 2.31 x 3.63 Meters | |
| Main | Kitchen | 3.38 x 3.45 Meters | |
| Main | Living Room | 2.9 x 4.62 Meters | |
| Second | Kitchen | 2.72 x 3.71 Meters | |
| Second | Living Room | 2.9 x 4.62 Meters | |
| Third | Bedroom | 4.57 x 4.42 Meters | |
| Third | Bedroom | 2.77 x 4.45 Meters |