$1,399,900 - 40 Riverside Drive, Kingston
Land for Sale in Kingston
119 days on marketNeighbourhood: 11 - Kingston East (Incl CFB Kingston)
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- MLS Number
- X13432038
- Property Type
- Land
- Status
- active
- Days on Site
- 119
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- N/A sqft
- Neighbourhood
- Kingston
- Listing Brokerage
- ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
Welcome to 40 Riverside Drive, an extremely rare opportunity to build your waterfront dream home in the highly sought-after Milton Subdivision. This premium waterfront lot, which is a full residential lot on a registered plan of subdivision, backs directly onto the St. Lawrence River, offers stunning views and peaceful surroundings. The level rock beach at the base of the lot provides direct access to world-class boating, the Thousand Islands, and recreational activities. With a generous lot size of 120 ft x 231 ft, there is ample space, along with in-place zoning, to design a spacious residence with room for outdoor living, gardens, and a pool, while still enjoying the tranquility of waterfront living. Whether you enjoy fishing, kayaking, swimming, or simply relaxing by the water, this location is ideal for embracing the best of riverfront living. Families will appreciate being within the boundaries of top-rated schools, including Ecole Maple Elementary School, LaSalle Secondary School, St. Martha Catholic School and Regiopolis Notre Dame Secondary School, making this an ideal location for building not just a house, but a home. This is your chance to create a custom waterfront retreat in a prestigious neighbourhood known for its scenic beauty, strong sense of community, and convenient access to downtown Kingston and surrounding amenities. Don't miss this exceptional waterfront lot, one of the last undeveloped waterfront residential subdivision lots in one of the areas most desirable settings - your future starts here!
Estimate your monthly payments for this property
Estimated Payment
$6,192.23/mo
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 11 - Kingston East (Incl CFB Kingston)
11 - Kingston East (Incl CFB Kingston) 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 11 - Kingston East (Incl CFB Kingston)
- •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
11 - Kingston East (Incl CFB Kingston) 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.
40 Riverside Drive, Kingston
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Key factors for evaluating this land parcel
Land Due Diligence Checklist
· Confirm zoning designation and all permitted uses
· Verify servicing (water, sewer, hydro) at lot line
· Order a Phase 1 Environmental Site Assessment
· Obtain an up-to-date survey (boundaries, easements)
· Review development charges and levies with the municipality
· Consult a land use planner on development feasibility
Commercial Financing Note
Land financing typically requires 35–50% down with specialized lenders. Carrying costs (taxes, interest) accumulate during any approval or development process — factor these into your feasibility.
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
Zoning & Permitted Use
Before anything else, I'd confirm the current zoning designation and what's permitted on this land. Zoning dictates everything: residential subdivision, commercial development, agricultural use, or mixed. The Kingston planning department can also tell you what, if any, Official Plan amendments are in progress that could affect the permitted uses.
Extended Time on Market — Potential Leverage
At 119 days, this land has been sitting. That's actually common for vacant land — buyers are fewer and diligence takes time. But if it's been listed much longer than comparable parcels, there may be a zoning, servicing, or environmental issue the seller hasn't disclosed. I'd want to understand why it hasn't sold.
Servicing & Infrastructure
A key question for any land purchase: is it serviced (municipal water, sewer, gas, hydro at the lot line) or unserviced? Bringing services to an unserviced parcel can cost $50,000–$500,000+ depending on proximity and Kingston's development charges. This can make or break a project's feasibility.
Environmental & Survey
I always recommend a Phase 1 Environmental Site Assessment for land purchases — it checks for historical contamination from prior uses. If the Phase 1 flags anything, a Phase 2 (soil sampling) follows. Also budget for an up-to-date survey, which confirms boundaries, easements, and encroachments.
Development Approval Timeline
If you're buying with development in mind, factor in the approval timeline. Minor variance: 3–6 months. Site plan approval: 6–18 months. Official Plan amendment or rezoning: 1–3+ years. These timelines directly affect your carrying costs — property taxes and financing accumulate the entire time. Having an experienced planner and real estate lawyer on your team from day one matters.
Let's Walk Through It Together
Evaluating land requires a different lens than buying a home. I'll walk the site with you, help you ask the right questions of the listing agent, and connect you with the right professionals — planners, environmental consultants, commercial lawyers — to make sure you know exactly what you're buying before you commit.