ON > Kingston > 14 - Central City East
Kingston, ON K7L 1E4,641 Princess ST
Kingston, ON K7L 1E4,641 Princess ST
Kingston, ON K7L 1E4,641 Princess ST
Kingston, ON K7L 1E4,641 Princess ST
Kingston, ON K7L 1E4,641 Princess ST
Kingston, ON K7L 1E4,641 Princess ST
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Fawad Nissari

Fawad Nissari

+1(416) 878-1085
$ 4,999,000
Est. payment | /mo
Save
$ 4,999,000
Est. payment | /mo
Save

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Subdivision 14 - Central City East

MLS Listing ID X12356113

Annual Tax Amount $74,769

Tax Year 2025

Property Sub-Type Investment

Property Description

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), and many of Kingston's tourist hub locations such as Springer Market Square, Memorial Centre and Agricultural Grounds, Confederation Basin and the Slush Puppie Place (sports entertainment facility). Further details on the attached information sheet.

Location

Province ON

County Frontenac

Community 14 - Central City East

Area Frontenac

Interior

Cooling No

Exterior

Utilities Available Yes

Lot Frontage 228.0

Lot Depth 150.0

Others

Security Features No

Listed by ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
agent-avatar

When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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