385 Princess Street
Kingston, ON
- 17,000 sqft
- Office
- 123 days on market
Rare opportunity to acquire a fully leased, income-producing commercial asset in the heart of Downtown Kingston's vibrant "Hub" district. 385 Princess Street is a 17,000 SF, two-storey building situated on a 15,941 SF lot, 100% occupied by Queen's University - one of Canada's most prestigious post-secondary institutions. Tenants include Smith Engineering and the Health Sciences Office of Professional Development and Educational Scholarship, providing an exceptional covenant and stable long-term cash flow. The building was extensively renovated following its2020 acquisition, featuring modern open-concept workspaces, enclosed offices, conference facilities, and 24 on-site parking spaces accessible from Queen Street. Zoned Downtown Zone 1 & 2 (DT1/DT2), the site also presents significant future redevelopment potential for a 12-storey, mixed-use project with residential and commercial uses, accessible from both Princess and Queen Streets. Walk Score of 100 with direct transit access and less than 1 km to Queen's University campus.
Listing Details
- Taxes (2025)
- $35,318
- Listed
- May 4, 2026
Price History
Property
- Lot Size
- 67.42 x 265.68 Feet
Parking
- Garage
- None
Utilities
- Sewer
- Sanitary+Storm
Location & Legal
- Cross Street
- Princess St & Barrie St
- Zoning
- Downtown Zone 1 (DT1) & Downtown Zone 2 (DT2)
- Parcel Number
- 360500201
- Possession
- Immediate
- Occupancy
- Tenant
Commercial
- Office / Apartment Area
- 17000 Sq Ft
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
- $588,950
- Homes sold
- 1,640
- Median days on market
- 23
- Sale-to-list price
- 97.3%
Based on 1,640 recorded sales of commercial properties in Kingston over the last 12 months.
Listed by
CUSHMAN & WAKEFIELD
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 17,000 sq ft
- Price per sq ft
- $291.18
- Annual property tax
- $35,318
- Tax per sq ft
- $2.08
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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