111 Princess Street
Kingston, ON
5,092 sqft • Sale Of Business • 366 days on market
This is a fantastic opportunity to own a fully established bakery, deli, and restaurant in a premier downtown Kingston location in operation since 1963. The asking price is all equipment, goodwill and contacts - The property spans two levels, with 2,546 square feet on the main floor dedicated to a service area with comfortable dining, plus an additional 2,546 square feet on the lower level, featuring a commercial kitchen that is fully outfitted with high quality equipment and includes rear door access. The entire 5,092 square feet is available at a competitive net lease rate of $17.50 per square foot ($2.50 PSF discount for 5 year from regular 20.00 PSF given to purchaser of existing business) , with an additional $7.50 per square foot in operating costs (TMI). Also available is the dedicated parking spot in the adjacent municipal lot for just $156 per month and access to a seasonal patio leased from the city. A detailed list provided of income, expenses, catering clients, suppliers and equipment details is available to serious buyers. Significant updates have been made in 2024, including anew HVAC system, freezer compressor, and evaporator coil. Seize this turnkey opportunity in one of the most desirable spots in Kingston!
Listing Details
- Originally Listed
- $99,900
- Listed
- August 28, 2025
Price History
Listing history
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Property
- Age
- 100+
Utilities
- Sewer
- Sanitary
Location & Legal
- Cross Street
- PRINCESS AND WELLINGTON
- Zoning
- DT-1 - COMMERCIAL
- Possession
- Flexible
Commercial
- Business Type
- Restaurant
- Occupancy
- Owner
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
- $588,000
- Homes sold
- 1,623
- Median days on market
- 23
- Sale-to-list price
- 97.3%
Based on 1,623 recorded sales of commercial properties in Kingston over the last 12 months.
Listed by
RE/MAX FINEST REALTY INC., BROKERAGE
Location
Street View
Commercial figures
- Building area
- 5,092 sq ft
- Price per sq ft
- $14.71
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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