79-81A Queen Street, Kingston, ON K7K 1A5
Kingston
Welcome to 79-81 Queen Street, a landmark limestone investment property in the heart of downtown Kingston. Built circa 1840 and rich with historic character, this stately building pairs timeless limestone construction and exposed brick interiors with an exceptional location just steps from the waterfront, Queen's University, Kingston General Hospital, shops, restaurants and cultural attractions. The property offers four residential units, each separately metered to help keep operating costs low, with appliances included in every unit, dishwashers in two and in-suite laundry in one. Current monthly rents are Unit 79-1 at $1,495 beginning September 2026, Unit 79-2 currently offered for lease at $1,795, Unit 81-1 at $1,700 month-to-month and Unit 81-2 at $1,995 beginning August 2026. An exceptional downtown asset, the property also includes 10 coveted parking spaces with the potential to generate an additional $1,000 per month. Based on current projected rents and parking income, the property offers gross annual income of $95,820 and net operating income of approximately $75,780. Its strong rental history reflects the consistent demand for distinctive downtown accommodations, while the large lot may offer future expansion possibilities, including additional units or an addition to the existing building, subject to municipal approvals. The apartments also present value-add potential through cosmetic improvements and future rent growth. With its irreplaceable limestone character, strong projected income, low operating-cost structure, substantial parking and potential for further growth, 79-81 Queen Street is a rare opportunity to acquire a distinguished piece of Kingston's heritage in one of the city's most walkable and sought-after locations.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 79-81A Queen Street, Kingston, ON K7K 1A5
Provided by Walk Score®. Walk Score, Transit Score, and Bike Score are trademarks of Walk Score.
MLS# X13668722
Listed by RE/MAX FINEST REALTY INC., BROKERAGE
On market since Aug 12, 2026
79-81A Queen Street, Kingston, ON K7K 1A5 is listed for $1,475,000 CAD.
79-81A Queen Street, Kingston, ON K7K 1A5 has 5 bedrooms and 4 bathrooms.
79-81A Queen Street, Kingston, ON K7K 1A5 is a Fourplex.
79-81A Queen Street, Kingston, ON K7K 1A5 is in Kingston, Ontario.
79-81A Queen Street, Kingston, ON K7K 1A5 is currently for sale.
Contact Michael Mezheritsky to arrange a private showing of 79-81A Queen Street, Kingston, ON K7K 1A5 (MLS# X13668722). You can also send a message through the contact form on this site.
