624 Princess Street, Kingston, ON
Property Highlights
Welcome to this remarkable investment located in the coveted neighborhood of 14 - Central City East. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $2,499,900 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
- Spacious lot size measured in Feet
- equipped with partial central cooling and highly efficient gas forced air open heating
Description
Premier Multi-Parcel Development Opportunity: Spanning three combined municipal addresses (624 Princess St, 173 & 177 Nelson St), this assembly sits at the heart of the Williamsville District - Kingston's most rapidly intensifying urban center. The property is surrounded by a wave of successful nearby projects. This site offers developers immediate scale in the rapidly transforming Williamsville area of the downtown core. With significant residential growth already flanking the property, this location is perfectly positioned to capture the demand from young professionals, seniors and families wanting to live close to the downtown core. Located in close proximity to Queen's University, Kingston Health Sciences Centre (formerly known as Hotel Dieu Hospital), and many of Kingston's tourist hub locations such as Springer Market Square, Memorial Centre and Agricultural Grounds, Confederation Basin and the Slush Puppie Place (sports entertainment facility). Further details on the attached information sheet.
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Pricing & Value Insights
Data-driven valuation for 624 Princess Street, Kingston, ON K7L 1E3
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About Purchasing a Home in Kingston, ON
For a property listed at $2,499,900 in Kingston, the legal minimum down payment is $499,980 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 $48,973 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 $48,973.
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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.