For Sale Multi-Family

647 Princess Street

$3,950,000
Kingston, Ontario K7L 1E4 MLS® X13085504
1 Acres Interior
0.741 Ac Lot size
Fully Air Conditioned Other

About this home

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. (id:28469)

Facts & features

Property

MLS® Number
X13085504
Property Type
Multi-family
Community Name
22 - East of Sir John A. Blvd
Farm Type
Other

Building

Cooling Type
Fully Air Conditioned
Heating Type
Other
Size Interior
1 Acres
Type
Multi-family
Utility Water
Municipal Water

Land

Acreage
No
Size Depth
150 Ft
Size Frontage
228 Ft
Size Irregular
0.741
Size Total
0.741 Ac
Size Total Text
0.741 Ac
Zoning Description
Wm1

Monthly payment estimate

$
Estimated payment per month
Mortgage amount
Total interest

Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.

Location

647 Princess Street, Kingston, Ontario K7L 1E4  ·  Get directions