$4,595,000
385 Princess Street, Kingston, ON K7L 1B9
— beds— baths
Key facts
- MLS®
- X13081484
- Status
- Price Change
- Type
- Office
- Taxes
- $35,318
- Lot
- 0.37 Feet
- Listed
- 2026-05-04
- Brokerage
- CUSHMAN & WAKEFIELD
- Cross street
- Princess St & Barrie St
Description
Rare opportunity to acquire a fully leased, income-producing commercial asset in the heart of Downtown Kingston's vibrant "Hub" district. 385 Princess Street is a 17,000 SF, two-storey building situated on a 15,941 SF lot, 100% occupied by Queen's University - one of Canada's most prestigious post-secondary institutions. Tenants include Smith Engineering and the Health Sciences Office of Professional Development and Educational Scholarship, providing an exceptional covenant and stable long-term cash flow. The building was extensively renovated following its2020 acquisition, featuring modern open-concept workspaces, enclosed offices, conference facilities, and 24 on-site parking spaces accessible from Queen Street. Zoned Downtown Zone 1 & 2 (DT1/DT2), the site also presents significant future redevelopment potential for a 12-storey, mixed-use project with residential and commercial uses, accessible from both Princess and Queen Streets. Walk Score of 100 with direct transit access and less than 1 km to Queen's University campus.
IDX listing data provided by AMPRE / TRREB. Information is believed reliable but not guaranteed.