Tej Thakor Broker of Record / Owner 647-684-1731
For Sale
MLS®# X13085504

647 Princess Street, Kingston, ON K7L 1E4

Kingston, ON K7L 1E4

$3,950,000 Est. $16,777/mo · 20% down, 25-yr, 4.09%
228 × 150 ftLot
InvestmentType

About this property

Prime infill development opportunity at the corner of Princess Street and Victoria Street which includes Four (4) separate parcels (641& 647 Princess St and 575 & 575 Victoria Street), located within Kingston's designated intensification corridor. Pre-Application report on file, completed by Fotenn Consulting (from July 2025), and has received initial support by Planning Staff of the City of Kingston. Initial plans suggest a mix of commercial and residential uses at grade and new residential units to be built out above, which meaningfully integrates the Williamsville Main Street policy and provides a new building that is compatible with the existing built form and heritage context of the area. Description of proposal: Pre-application proposal to construct a 6-storey mixed-use building, featuring approximately 116 new residential dwelling units and 555 square metres of ground floor commercial space oriented along Princess Street, on the lands municipally known as 575- 577 Victoria Street and 641-647 Princess Street. Parking for the subject property will be provided through one level of underground parking, with a total of 54 vehicular parking spaces, and 2 above-grade loading spaces. Access to the underground parking area, and loading spaces, will be provided via Victoria Street with as much separation as possible provided from the intersection. The existing 2-storey Heritage building (currently leased by The Yellow Deli) is proposed to be retained, with partial demolition of the addition along the Victoria Street and Princess Street frontages. Located in close proximity to Queen's University, Kingston Health Sciences Centre (formerly known as Hotel Dieu Hospital), many of Kingston's tourist hub locations such as Springer Market Square, Memorial Centre and Agricultural Grounds, Confederation Basin & the Slush Puppie Place (sports entertainment facility). Seller willing to provide Seller Financing, subject to review of the Buyer. Details on the attached info sheet.

Property Summary

Property TypeInvestment
Community Name22 - East of Sir John A. Blvd
Land Size228 x 150 ft
Annual Property Taxes$74,769.00
Tax Year2025
Parking TypeOutside/Surface Garage

Building details

Bathrooms / washrooms0
Property typeInvestment

Lot & land

Lot dimensions228 × 150 ft
Lot frontage228 ft
Lot depth150 ft

Interior Features

ExclusionsTenant's belongings including any tenant trade fixtures and chattels.

Building Features

StyleInvestment
Fire ProtectionNo

Heating & Cooling

CoolingYes
Heating TypeOther

Utilities

Utility SewerSanitary+Storm

Parking

Parking TypeOutside/Surface Garage

Taxes & fees

Annual taxes$74,769 (2025)

Listing history

On market sinceMay 4, 2026

Location

Kingston, ON K7L 1E4
Listed by ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE, Brokerage · Listing data sourced from TRREB®, refreshed nightly.
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The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Service® and the associated logos are owned or controlled by The Canadian Real Estate Association (CREA). Used under licence. Information deemed reliable but not guaranteed. Tej Thakor is a Broker of Record at Royal LePage Terra Realty.
Call Tej Now 647-684-1731
647 Princess Street, Kingston, ON K7L 1E4