For Sale · Specialty

440-462 KING STREET W, Kingston (Central City East)

440-462 KING STREET W, Kingston (Central City East), ON K7L2X4

$9.7M total

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Asset Class

Specialty

Size

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Building class

B

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

96%

Lot Size

8.29 ac

About this property

A rare opportunity to acquire a significant waterfront land assembly in the heart of downtown Kingston. Situated along the highly sought-after King Street West corridor, 440-462 King Street West offers exceptional scale, frontage, and positioning just minutes from Queen's University, the downtown core, and Kingston's vibrant waterfront. This property presents a compelling opportunity for redevelopment or long-term strategic investment in one of Eastern Ontario's most supply-constrained urban markets. Surrounded by a dynamic mix of institutional, residential, and commercial uses, the site is ideally suited for a range of potential applications, including purpose-built rental, student housing, mixed-use development, or boutique condominium projects (subject to approvals). Kingston continues to experience strong demand for centrally located housing, driven by its growing population, major institutional anchors, and limited availability of development land within the urban boundary. Properties of this size and waterfront proximity are increasingly rare, making this a unique opportunity to deliver a transformative project in a high-demand location. Whether viewed as a redevelopment play or a long-term hold, 440-462 King Street West offers location, scale, and future upside in one of Kingston's most desirable corridors. (id:66811)

Financial sandbox

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Estimate
Purchase price$9.70M
Down payment30% · $2.91M
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$45K

Projected NOI

$599K

Annual cash flow

$61K

Cash-on-cash

2.10%

DSCR

1.11

Going-in cap

6.17%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

96,663

Households

35,177

Median income

$94,500

Median age

31.3

Daytime population

132,610

5-yr growth

2.5%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 440-462 KING STREET W, Kingston (Central City East).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.