569 Princess Street
569 Princess Street
$925,000
$260/sq ft· Bldg avg $507/sq ft · 60 days on market
About This Listing
Premier standalone commercial building located in the heart of downtown Kingston. Positioned within a dense urban node with over 1,000 residential units within a 1 km radius, this property benefits from exceptional exposure, walkability, and consistent pedestrian traffic. With the city managed Williamsville Renewal Project in full swing, this area of Princess will see enhanced vibrancy and foot traffic. The building is fully equipped for restaurant use, offering a turn-key opportunity for food and beverage operators or franchise concepts. The current tenant is willing to remain and lease back the main floor. Zoned WM1, the property also presents compelling future redevelopment potential, permitting the construction of a multi-residential apartment building (subject to approvals). An ideal opportunity for investors seeking a stable NNN lease, owner-operators looking for a prime downtown location, or developers targeting long-term value in one of Kingston's most active commercial corridors.
| Monthly Mortgage (P&I) | $4,030 |
| Property Tax (MLS) | $1,092 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $5,122 |
Down payment: $185,000 (20.0%) · Mortgage: $740,000
Property tax uses MLS annual tax of $13,099/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Frontenac Condos
Red Bricks Databy Patry Inc. Developments · Princess Street & Frontenac Street
Maint. Fees
0.25
Parking
$32,000
Occupancy
2020
Listing provided by AXON REAL ESTATE BROKERAGE INC.
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Data last updated: August 23, 2026 at 10:25 a.m.