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Key Details
Sold Price $5,250,000
Property Type Commercial
Sub Type Building and Land
Listing Status Sold
Purchase Type For Sale
Square Footage 42,840 sqft
Price per Sqft $122
MLS Listing ID 40304048
Annual Tax Amount $167,318
Lot Size 0.423 Acres
Property Description
This downtown investment opportunity offers existing income from tenants Good Life Corporation and H'Art School of Smiles Inc., and potential for future multi-residential development.
With the recent approval of a significant development by Homestead Land Holdings Limited, and construction
underway of the Crown Condominiums development, there continues to be substantial investment and intensification underway within Downtown Kingston. These two projects in isolation will add 510 +/- residential units, ground floor retail space, and office space, all within a few blocks of 64 Barrack Street.
The Homestead Block 3 development located on the south side of 64 Barrack Street has been approved for 19 storeys, presenting this site as a great development opportunity, with holding income secured during planning stages.
Gross building area is estimated to be 42,840 +/- sf and the existing rentable area under contract is 38,037 sf.
Location
Province ON
County Frontenac
Area Kingston
Zoning (H) C1-22
Rooms
Kitchen 0
Interior
Heating Forced Air
Cooling Central Air
Exterior
Waterfront No
Building
Lot Description Urban, Square, Corner Lot, City Lot, High Traffic Area, Public Transit, Rec./Community Centre, Shopping Nearby, Visual Exposure
Story 2.5
Sewer Sewer (Municipal)
Water Municipal-Metered
New Construction No
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