+3 more
0 sqft
Lot
About This Property
This office in Kingston offers a 0 sqft lot. The property has zoned Downtown Zone 1 (DT1) & Downtown Zone 2 (DT2). The home features yes.
MLS Remarks
Rare opportunity to acquire a fully leased, income-producing commercial asset in the heart of Downtown Kingston's vibrant "Hub" district. 385 Princess Street is a 17,000 SF, two-storey building situated on a 15,941 SF lot, 100% occupied by Queen's University - one of Canada's most prestigious post-secondary institutions. Tenants include Smith Engineering and the Health Sciences Office of Professional Development and Educational Scholarship, providing an exceptional covenant and stable long-term cash flow. The building was extensively renovated following its2020 acquisition, featuring modern open-concept workspaces, enclosed offices, conference facilities, and 24 on-site parking spaces accessible from Queen Street. Zoned Downtown Zone 1 & 2 (DT1/DT2), the site also presents significant future redevelopment potential for a 12-storey, mixed-use project with residential and commercial uses, accessible from both Princess and Queen Streets. Walk Score of 100 with direct transit access and less than 1 km to Queen's University campus.
Property History
| Date | Event | MLS# | Price | Change |
|---|---|---|---|---|
| May 4, 2026 | Listed For Sale | — | $4,950,000 | — |
MLS data tracked by our system. Earlier records or land registry transfers may not be shown.
Overview
Property Typecommercial
Sub-Type
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