627 Princess Street
Kingston, ON
- 0.33 sqft
- Land
- 122 days on market
A rare opportunity to acquire a development-ready site with approvals in place along one of Kingston's most active urban growth corridors. Prime multi-residential development opportunity in Kingston's rapidly transforming Williamsville corridor. This offering includes two separately deeded parcels- 627 Princess Street and 518 Albert Street- being sold together as a single package in a high-demand intensification area. 627 Princess Street benefits from approved plans for a six-storey residential building comprising 45 units (62 bedrooms), including a mix of bachelor, one-bedroom, one-bedroom plus den, and two-bedroom layouts. The proposed development includes approximately 33,500 sq. ft. of above-grade space, amenity areas, bike storage, and surface parking, with approved vehicular access from Albert Street. 518 Albert Street provides additional density potential with zoning in place to permit a four-unit multi-family development, offering an excellent opportunity to complement or expand the overall project. Situated steps from Queen's University, major retail amenities, and Kingston Health Sciences Centre, the property is ideally positioned to serve a strong and growing rental market driven by students and healthcare professionals. The surrounding area is undergoing significant redevelopment, with numerous mid-rise residential projects completed, under construction, or in planning stages.
Listing Details
- Taxes (2025)
- $20,489
- Listed
- April 30, 2026
Price History
Utilities
- Sewer
- Sanitary
Location & Legal
- Cross Street
- Princess Street and Albert Street
- Zoning
- WM1, UR5
- Parcel Number
- 360720524
- Possession
- Flexible
- Occupancy
- Vacant
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
- $589,900
- Homes sold
- 1,619
- Median days on market
- 23
- Sale-to-list price
- 97.3%
Based on 1,619 recorded sales of commercial properties in Kingston over the last 12 months.
Listed by
ROGERS & TRAINOR COMMERCIAL REALTY INC., BROKERAGE
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Annual property tax
- $20,489
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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