$749,000 - 166 Queen Street, Kingston
Commercial for Sale in Kingston
119 days on marketNeighbourhood: 22 - East of Sir John A. Blvd
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- MLS Number
- X13430522
- Property Type
- Commercial
- Status
- active
- Days on Site
- 119
- Bedrooms
- 5
- Bathrooms
- 0
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Kingston
- Listing Brokerage
- RE/MAX FINEST REALTY INC., BROKERAGE
Ideal investment opportunity TRIPLEX in downtown Kingston with a mix of commercial and residential. Home includes a vibrant, registered with the city, bed and breakfast Airbnb that comes turn key and has potential income of $30,000.00. The bed and breakfast encompasses the second and third floor of the building and includes 2 full washrooms a gorgeous living area with 17 foot ceilings and skylights, a full kitchen and laundry facilities and a massive 3d floor master bedroom with its own air conditioning heat pump. The main floor office space has its own entrance and includes a back door entrance onto a 700 sf interlocking patio that has a feature limestone wall and provides a very private oasis from the hustle and bustle of the city. This area has a waiting area with a glass wall feature, and two adjoining offices and a two piece bath. This area is also totally separate from the main home but could be easily incorporated into the main home by opening up a door in the main entrance way which was drywalled over to create the office. Estimated income from this area could be $24,000, or if you wish to work from home, as many are doing today, this could be the perfect location to keep home and work life separate in one handy downtown location. Lower level with its own separate rear entrance is a funky bachelor apartment that has a full kitchen and a four piece bathroom with a potential income of $18,000. Work from home, or use it as a full investment property. In any case it is up to you. With it's versatility for the modern life style, and it's charm and grace it would be easy to make this home your own. ALL UTILITIES (HEAT, OIL, ELECTRIC, WATER AVERAGE 379.00 PER MONTH) AND INSURANCE IS $173 PER MONTH. POTENTIAL INCOME $6,000.00 PER MONTH TAXES, UTILITIES AND INSURANCE $1,653 PER MONTH NET $4347.00 PER MONTH
Estimate your monthly payments for this property
Estimated Payment
$3,842.76/mo
Includes CMHC insurance ($20,897)
5-yr fixed avg.
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.
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
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.
166 Queen Street, Kingston
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Key factors for evaluating this commercial property
Commercial Due Diligence Checklist
· Verify zoning and all permitted uses
· Review all existing leases (terms, renewals, net vs. gross)
· Request estoppel certificates from all tenants
· Order a Phase 1 Environmental Site Assessment
· Commission a property condition assessment
· Review operating costs (taxes, insurance, maintenance)
Commercial Financing Note
Commercial mortgages require 20–35% down, shorter amortization, and lenders underwrite based on the property's income. CMHC insurance is not available for commercial. Connect with a commercial mortgage broker early.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Commercial Pricing Context
At $375/sqft, this is priced in the mid-range for GTA commercial space. Commercial values are highly location- and zoning-dependent, so comparable sales analysis is essential. I'll pull recent commercial comps for you.
Extended Exposure — Negotiating Room
At 119 days on market, this commercial property has had significant exposure. Commercial listings typically take longer to sell than residential, but this timeline may indicate pricing or tenancy issues worth exploring. A motivated seller often means better terms for a prepared buyer.
Zoning & Permitted Use — Verify First
I always confirm the zoning and permitted uses before a client gets too far into a commercial transaction. What a property is currently used for and what it's legally permitted for are sometimes different. If you plan to change the use, a zoning amendment or minor variance may be required — that's additional cost, time, and risk.
Tenancy & Income Review
If this property has existing tenants, I'd want to review all leases carefully: term lengths, renewal options, rent amounts, escalation clauses, and who's responsible for operating costs (gross lease vs. net lease). A strong long-term tenant is an asset; a lease expiring at closing is a different story. We'll request estoppel certificates from all tenants.
Environmental & Due Diligence
A Phase 1 Environmental Site Assessment is standard practice for commercial purchases in Ontario. If historical industrial use is flagged, you'll need a Phase 2. I also recommend a property condition assessment covering structure, roof, HVAC, and electrical — commercial systems are expensive to replace and often not disclosed in detail on the listing.
Commercial Financing Realities
Commercial mortgages work differently than residential. Expect 20–35% down, shorter amortization (15–25 years), and lenders who underwrite based on the property's income, not just your personal financials. CMHC insurance is generally not available for commercial, and rates are typically higher. I can connect you with commercial mortgage brokers who specialize in Kingston transactions.