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1st Floor - Unit 121
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Office/Retail
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2,690 SF
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$414,898 USD
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Unit Size: 2,690 SF
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Condo Use: Office/Retail
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Price: $414,898 USD
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Sale Type: Investment
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Price/SF: $154.24 USD
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.
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1st Floor - Unit 120
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Retail
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471 SF
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$207,788 USD
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Unit Size: 471 SF
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Condo Use: Retail
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Price: $207,788 USD
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Sale Type: Investment
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Price/SF: $441.16 USD
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
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Echo Perry-Cumberland
Rogers & Trainor Commercial Realty
