166 Queen Street, Kingston

Price: $749,000

5 bedrooms, 4 bathrooms

1,500 - 1,999 sqft

Property Type: Detached

MLS#: X13430520

166 Queen St is a prestigious address in the heart of the downtown core of Kingston. This stately brick home with a gorgeous front balcony will surprise you with its charm and elegance. Currently divided into three seperate entities it encompasses four floors of finished space with a bathroom on each level and a private 700 sf rear patio with interlocking brick. With dual commercial and residential zoning it lends itself to many uses as you could live and work in the same location. Or as an investment the potential income can be whatever you wish to make it as vacant possession will be provided on closing. When you walk up the stairs to the main living area you will be impressed with the high ceilings in the open concept living room and kitchen area 6 inch pine baseboards abut oak hardwood floors and the soaring 18 foot ceilings with skylight makes you feel one with the galaxy. With the open concept kitchen this area could be great for entertaining family and friends. The top floor features a massive master bedroom with ensuite and a combination washer/dryer and this level has a heat pump for air and heat. To the left of the main door with its own separate entrance is an area with 3 good sized rooms which encompasses an entrance lounge and 2 offices that has been traditionally used by accountants and others and is in mint condition too. By opening a dry walled door in the front entranceway this area could be brought back to include the main living area of the home. The lower level also has its own entrance to a funky bachelor apartment where the current owner resides. The second and third floors are currently a registered bed and breakfast with the city of Kingston and can be sold with furnishings included if new owner wishes to do the same. POTENTIAL INCOME MAIN FLOOR OFFICE SPACE WITH 700 SF PATIO $24,000.00 POTENTIAL INCOME 2D AND 3D FLOOR LUXURY LICENSED AIRBNB $30,000 PLUS POTENTIAL INCOME LOWER LEVEL BACHELOR APARTMENT $18,000 VACANT POSSESSION CLOSING

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$749,000 - 166 Queen Street, Kingston

Detached for Sale in Kingston

Neighbourhood: 22 - East of Sir John A. Blvd

5Beds
4Baths
1,500 - 1,999Sq Ft
Detached
Property Details
MLS Number
X13430520
Property Type
Detached
Status
active
Days on Site
29
Bedrooms
5
Bathrooms
4
Square Feet
1,500 - 1,999 sqft
Neighbourhood
Kingston
Lot Size
2,112 sqft
Listing Brokerage
RE/MAX FINEST REALTY INC., BROKERAGE
Description

166 Queen St is a prestigious address in the heart of the downtown core of Kingston. This stately brick home with a gorgeous front balcony will surprise you with its charm and elegance. Currently divided into three seperate entities it encompasses four floors of finished space with a bathroom on each level and a private 700 sf rear patio with interlocking brick. With dual commercial and residential zoning it lends itself to many uses as you could live and work in the same location. Or as an investment the potential income can be whatever you wish to make it as vacant possession will be provided on closing. When you walk up the stairs to the main living area you will be impressed with the high ceilings in the open concept living room and kitchen area 6 inch pine baseboards abut oak hardwood floors and the soaring 18 foot ceilings with skylight makes you feel one with the galaxy. With the open concept kitchen this area could be great for entertaining family and friends. The top floor features a massive master bedroom with ensuite and a combination washer/dryer and this level has a heat pump for air and heat. To the left of the main door with its own separate entrance is an area with 3 good sized rooms which encompasses an entrance lounge and 2 offices that has been traditionally used by accountants and others and is in mint condition too. By opening a dry walled door in the front entranceway this area could be brought back to include the main living area of the home. The lower level also has its own entrance to a funky bachelor apartment where the current owner resides. The second and third floors are currently a registered bed and breakfast with the city of Kingston and can be sold with furnishings included if new owner wishes to do the same. POTENTIAL INCOME MAIN FLOOR OFFICE SPACE WITH 700 SF PATIO $24,000.00 POTENTIAL INCOME 2D AND 3D FLOOR LUXURY LICENSED AIRBNB $30,000 PLUS POTENTIAL INCOME LOWER LEVEL BACHELOR APARTMENT $18,000 VACANT POSSESSION CLOSING

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$3,842.76/mo

Includes CMHC insurance ($20,897)

$
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5%10%50%

5-yr fixed avg.

Principal: $674,100Interest: $457,830
Mortgage Amount$694,997
Total Interest$457,830
Est. Property Tax$531/mo
Total Cost$1,152,827

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: 22 - East of Sir John A. Blvd

Discover 22 - East of Sir John A. Blvd

22 - East of Sir John A. Blvd is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in 22 - East of Sir John A. Blvd

  • Convenient location in Kingston
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

22 - East of Sir John A. Blvd offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

166 Queen Street, Kingston

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,600/mo
Range: $3,060 - $4,140
Cap Rate (ROI)
4.7%
Good

Monthly Cash Flow Breakdown

Rental Income+$3,600
Maintenance Fees-$0
Property Tax (est.)-$531
Insurance (est.)-$156
Net Cash Flow+$2,913

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $499/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Market Position

At 29 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.

Detached Home Advantages

Detached homes in Kingston are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.

Excellent Flexibility

With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Kingston.

Bathroom Count Matters

With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.

About 22 - East of Sir John A. Blvd

I know 22 - East of Sir John A. Blvd well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.

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    166 Queen Street, Kingston | $749,000 | Battaglia Team