162 Division Street
14 - Central City East Kingston K7L 3M6

$2,200,000
Commercial Sale

Main Photo: 162 Division Street in Kingston: 14 - Central City East Mixed for sale : MLS®# 40604154
Photo 1: 162 Division Street in Kingston: 14 - Central City East Mixed for sale : MLS®# 40604154
Photo 2: 162 Division Street in Kingston: 14 - Central City East Mixed for sale : MLS®# 40604154
Photo 3: 162 Division Street in Kingston: 14 - Central City East Mixed for sale : MLS®# 40604154
Photo 4: 162 Division Street in Kingston: 14 - Central City East Mixed for sale : MLS®# 40604154
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
40604154
Development opportunity in the absolute heart of the Queen’s student living and commercial hub. Plans are in place for a mixed commercial and residential development consisting of a 3rd storey addition Once finished, the final project (recently appraised at 4.4 million) is mapped out for 8 residential units (six one bedroom units and two two-bedroom units) as well as a common amenity space, parking for nine cars and sheltered bicycle parking for 10. The ground floor will accommodate amenity space at the rear and approximately 1560 square feet of premier retail space fronting on Division Street in the heart of the student commercial district in one of the few remaining underdeveloped marquee corners in the city of Kingston. Current status of the development: The building has been abated, gutted, and planned. Financing is in place for purchase for the right buyer/developer. This is not a turnkey asset, but a turn key development project waiting for an organization looking to unlock tremendous value and add a crown jewel in one of the best locations in the city for downtown commerce and Queen’s student living.
Property Type:
Commercial Sale
Property SubType:
Mixed, Building and Land
Listing General Location:
14 - Central City East, Kingston
Bedrooms:
0
Bathrooms:
- (Full:-/Half:-)
Lot Details:
142 x 42
Lot Depth:
142'
Lot Frontage:
42'
Frontage Type:
West
Kitchens:
0
County Or Parish:
Frontenac
Features:
Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No
Basement:
Partial
Number of Storeys:
2
Total Floor Area:
3,866 sq. ft.
Fireplace:
false
Water Supply:
Municipal
Sewer:
Sewer (Municipal)
false
No
Approximately 250 feet south of Princess at Division
No
Features:
Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No
Zoning:
CA
Lot Site Features:
Irregular Lot, Ample Parking, Business Centre, City Lot, High Traffic Area
Features:
Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No
# Of Dedicated Parking Spaces:
9
# Commercial Doors:
0
Num Apartment Units:
0
Num Bachelor Units:
0
Num Efficiency Units:
0
Num Loft Units:
0
Num Other Units:
0
Num Penthouse Units:
0
Num Studio Units:
0
Listed Date:
Jun 10, 2024
  • Photo 1: 162 Division Street in Kingston: 14 - Central City East Mixed for sale : MLS®# 40604154
    Photo 1 of 4
  • Photo 2: 162 Division Street in Kingston: 14 - Central City East Mixed for sale : MLS®# 40604154
    Photo 2 of 4
  • Photo 3: 162 Division Street in Kingston: 14 - Central City East Mixed for sale : MLS®# 40604154
    Photo 3 of 4
  • Photo 4: 162 Division Street in Kingston: 14 - Central City East Mixed for sale : MLS®# 40604154
    Photo 4 of 4
Listed by Sutton Group-Masters Realty Inc Brokerage
Data was last updated July 17, 2024 at 03:50 PM (UTC)
Area Statistics
Listings on market:
19
Avg list price:
$1,200,000
Min list price:
$279,900
Max list price:
$4,800,000
Avg days on market:
64
Min days on market:
5
Max days on market:
667
Avg price per sq.ft.:
$375
These statistics are generated based on the current listing's property type and located in Kingston. Average values are derived using median calculations.