647 Princess Street, Kingston, ON

$3,950,000
MLS#:X13085504
0 beds
0 baths
Commercial
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Description

Property Highlights

Welcome to this remarkable [] investment located in the coveted neighborhood of 22 - East of Sir John A. Blvd. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $3,950,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 0 Bedrooms and 0 Bathrooms
  • Premium 228 x 150 ft lot size
  • Features a [] basement, adding superb versatility for recreation, a home gym, or extra storage
  • Convenient outside/surface garage included
  • equipped with ["yes"] central cooling and highly efficient other heating

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), many of Kingston's tourist hub locations such as Springer Market Square, Memorial Centre and Agricultural Grounds, Confederation Basin & the Slush Puppie Place (sports entertainment facility). Seller willing to provide Seller Financing, subject to review of the Buyer. Details on the attached info sheet.

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Key Features

Property Type
Commercial

Additional Details

StatusActive
Listed Date5/4/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeInvestment
Lot Size228 × 150 Feet
CountyFrontenac
Annual Tax$74,769
Legal DescriptionThis listing includes the following addresses - (legal descriptions included on page 7 of 9): 575 Victoria Street, PIN 360720187, ARN 101105003008300; 577 Victoria Street, PIN 360720186, ARN 101105003008300; 647 Princess Street, PIN 360720189, ARN 101105003008200; 641 Princess Street, PIN 360720188, ARN 101105003008300.

Parking & Garage

Garage TypeOutside/Surface

Heating & Cooling

Heat TypeOther
Cooling["Yes"]

Features

Property Features

Community Features

Location

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647 Princess Street, Kingston, ON
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Property History

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This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 647 Princess Street, Kingston, ON K7L 1E4

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

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Financial Audit

Estimated Costs

Loan Amount$3,160,000
Monthly Mortgage$18,361
Property Tax (Est.)$6,231
Utilities & Maint.$350
Total Monthly Cost$24,942

Strategic Fiscal Clarity

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