505 Princess Street, Kingston, ON
Property Highlights
Welcome to this remarkable sale of business 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 $199,000 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 2 Bathrooms
- Premium 50 x 86.16 ft lot size
- Convenient outside/surface garage included
- equipped with yes central cooling and highly efficient gas forced air closed heating
Description
Independent quick service restaurant (QSR) located in the heart of downtown Kingston on Princess Street, currently operating as Flip & Fry. This turnkey business is open for conversion into a different concept, cuisine, or franchise, making it an excellent opportunity for an owner-operator or expanding brand. The 1,382 sq ft layout features a long service counter, seating for 30, and growing sales in one of Kingston's busiest commercial districts.The restaurant has undergone a premium renovation with all new leaseholds, equipment, and major systems, including a brand-new commercial hood, ventilation, and mechanicals. Every aspect of the space has been updated to a high standard, creating a modern, fully equipped restaurant that is ready for its next operator.Lease rate of $4,336 Gross Rent including TMI with an excellent 8 + 5 + 5 year term remaining. One dedicated parking space is included for ownership. Please do not go direct or speak to staff or ownership.
Schedule a Tour
Contact us to schedule a private viewing of this property.
Contact Agent
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Interior Features
Security Features
No
Community Features
Public Transit, Recreation/Community Centre
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 505 Princess Street, Kingston, ON K7L 1C3
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Mortgage & Affordability Audit
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Kingston.
Configure Loan Settings
About Purchasing a Home in Kingston, ON
For a property listed at $199,000 in Kingston, the legal minimum down payment is $9,950 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $1,715 for this transaction. As this listing is in Kingston (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $1,715.
Nearby Listings
No current listings found in Kingston.
Similar Listings Nearby
City & Neighborhood Guide
Comprehensive city-wide demographics, local real estate stats, and school rankings for Kingston.
People & Families
Age Distribution
Household Composition
Top Ethnic Origins
Local Schools Guide
Elementary Schools
Secondary Schools
Homes & Housing
Structural Home Types
Tenure (Ownership vs Rental)
Need more details or a custom CMA?
Generate a full market evaluation or explore city guides using the sidebar links.
Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.