Space
Finished area and layout
- Building Area
- 17,000 sqft
+3 more
17,000 sqft
Building Area
Property Snapshot
Key details for this listing
Property
Type, style and structure
- Type
- commercial
- Style
- office / Office
Lot
Land, frontage and setting
- Zoning
- Downtown Zone 1 (DT1) & Downtown Zone 2 (DT2)
Costs
Price, taxes and monthly charges
About This Property
This office in Kingston offers 17,000 sqft of building area. 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.
Listing History
MLS# X13081484| Date | Event | MLS# | Price | Change |
|---|---|---|---|---|
| May 4, 2026 | Listed For Sale | X13081484 | $4,950,000 | — |
MLS data tracked by our system. Earlier records or land registry transfers may not be shown.
Full Listing Details
Address385 Princess Street, Kingston, ON K7L 1B9
MLS#X13081484
Listing StatusPrice Change
Property TypeCommercial
Sub-TypeOffice
TransactionSale
List DateMay 4, 2026
Days on Market129
Annual Tax$35,318 (2025)
Possession DetailsImmediate
StyleOffice
CityKingston
ProvinceOn
Postal CodeK7L 1B9
Lot Size0 sqft
ZoningDowntown Zone 1 (DT1) & Downtown Zone 2 (DT2)
CoolingYes
SecurityYes
UtilitiesYes
SewerSanitary+Storm
Annual Tax$35,318 (2025)
North side of Princess Street between Division Street and Barrie Street
Roll Number101103004000100
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