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652 Princess St - Sage Kingston
471 - 2,690 SF Condo Units Offered at $213,303 - $425,910 USD Per Unit in Kingston, ON K7L 1E5
Executive Summary
The subject property is located on the northern end of the Williamsville neighbourhood, where a large number of Multi Residential and Condominium developments are in various stages of completion; under construction; or pending final approval. The neighbourhood continues to see and anticipate significant new developments in the near future.
Property Facts
| Price | $213,303 - $425,910 USD | Building Class | B |
| Unit Size | 471 - 2,690 SF | Floors | 10 |
| No. Units | 2 | Typical Floor Size | 22,475 SF |
| Total Building Size | 224,750 SF | Year Built | 2021 |
| Property Type | Multifamily | Lot Size | 1.09 AC |
| Property Subtype | Apartment |
| Price | $213,303 - $425,910 USD |
| Unit Size | 471 - 2,690 SF |
| No. Units | 2 |
| Total Building Size | 224,750 SF |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 10 |
| Typical Floor Size | 22,475 SF |
| Year Built | 2021 |
| Lot Size | 1.09 AC |
2 Units Available
Unit 121
| Unit Size | 2,690 SF | Condo Use | Office/Retail |
| Price | $425,910 USD | Sale Type | Investment |
| Price Per SF | $158.33 USD |
| Unit Size | 2,690 SF |
| Price | $425,910 USD |
| Price Per SF | $158.33 USD |
| Condo Use | Office/Retail |
| Sale Type | Investment |
Description
Unit #121 652 Princess Street, ideal for anything from a restaurant, café, office or grocery to a yoga, fitness, or wellness center. The second floor could be an extension of these businesses/offices. 920 SF 1st floor, 920 SF 2nd floor plus 850 SF basement.
Sale Notes
Take advantage of this rare opportunity to own a newly restored limestone heritage building in one of Eastern Ontario’s fastest growing neighborhoods. Unit #121 652 Princess Street, in the heart of Williamsville, Kingston, is a two-story, freestanding building brimming with history and character. Includes use of rear courtyard for patio seating. Situated on the doorstep of thousands of residents, this location is visible to a high volume of both pedestrian and vehicular traffic.
Unit 120
| Unit Size | 471 SF | Condo Use | Retail |
| Price | $213,303 USD | Sale Type | Investment |
| Price Per SF | $452.87 USD |
| Unit Size | 471 SF |
| Price | $213,303 USD |
| Price Per SF | $452.87 USD |
| Condo Use | Retail |
| Sale Type | Investment |
Description
Commercial condominium fronting Princess Street at the Sage Building (12 storeys, 325 residential units). About 471 SF of retail space.
Sale Notes
Investment Property: Commercial condominium fronting Princess Street at the Sage Building (12 storeys, 325 residential units). Leased on a five year lease until April 30, 2028. Tenant is a well-established business with multiple locations in Ontario. Triple net lease with the Tenant paying all property taxes, condo fees and utilities. The Tenant renovated the unit in 2023. Triple Net Annual Rent: Currently $36 per sq ft. Annual rental increases of $1 per sq ft. Current Net Annual Rent: $16,956, increasing to $18,840 by 2027
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 29 | - | 259 |
| 1+1 | 196 | - | 438 - 465 |
| 2+2 | 93 | - | 589 - 683 |
| 3+1 | 7 | - | 755 |
Amenities
Unit Amenities
- Balcony
- Heating
- Den
- Freezer
Site Amenities
- Furnished Units Available
zoning
| Zoning Code | WM1 (Williamsville Main Street Zones) |
| WM1 (Williamsville Main Street Zones) |
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Echo Perry-Cumberland -
Rogers & Trainor Commercial Realty
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652 Princess St - Sage Kingston
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