641 Princess Street
Kingston, ON
0.74 sqft • Investment • 371 days on market
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 Flyer.
Listing Details
- Taxes (2025)
- $74,769
- Originally Listed
- $4,999,000
- Listed
- August 20, 2025
Price History
Property
- Lot Size
- 228 x 150 Feet
Utilities
- Sewer
- Sanitary+Storm
Location & Legal
- Cross Street
- Princess St and Victoria Street
- Zoning
- WM1
- Parcel Number
- 360720188
- Possession
- Flexible
Commercial
- Business Type
- Other
- Occupancy
- Tenant
Included
- Exclusions
- Tenant's belongings including any tenant trade fixtures and chattels.
Community
Postal area K7L
- Population
- 19,621
- Private dwellings
- 12,191
- Median age
- 40
- Average household size
- 2
- Median household income
- $72,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Kingston · last 12 months
- Median sold price
- $585,000
- Homes sold
- 1,628
- Median days on market
- 23
- Sale-to-list price
- 97.3%
Based on 1,628 recorded sales of commercial properties in Kingston over the last 12 months.
Listed by
ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
Location
Commercial figures
- Annual property tax
- $74,769
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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