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$9.7M total
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Asset Class
Specialty
Size
—
Building class
B
Zoning
DC2 — Site Specific
$ / SF
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Occupancy
96%
Lot Size
8.29 ac
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)
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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.
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.
Confidential diligence documents for 440-462 KING STREET W, Kingston (Central City East).
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.