79-81 Queen St is an investment in Kingston, listed for $1,475,000.
1Welcome to 79-81 Queen Street, a landmark limestone investment property in the heart of downtown Kingston.
2An exceptional downtown asset, the property also includes 10 coveted parking spaces with the potential to generate an additional $1,000 per month.
3Based on current projected rents and parking income, the property offers gross annual income of $95,820 and net operating income of approximately $75,780.
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Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Commercial Property in Kingston
About 79-81 Queen Street
Welcome to 79-81 Queen Street, a landmark limestone investment property in the heart of downtown Kingston. Built circa 1840 and rich with historic character, this stately building pairs timeless limestone construction and exposed brick interiors with an exceptional location just steps from the waterfront, Queen's University, Kingston General Hospital, shops, restaurants and cultural attractions. The property offers four residential units, each separately metered to help keep operating costs low, with appliances included in every unit, dishwashers in two and in-suite laundry in one. Current monthly rents are Unit 79-1 at $1,495 beginning September 2026, Unit 79-2 currently offered for lease at $1,795, Unit 81-1 at $1,700 month-to-month and Unit 81-2 at $1,995 beginning August 2026. An exceptional downtown asset, the property also includes 10 coveted parking spaces with the potential to generate an additional $1,000 per month. Based on current projected rents and parking income, the property offers gross annual income of $95,820 and net operating income of approximately $75,780. Its strong rental history reflects the consistent demand for distinctive downtown accommodations, while the large lot may offer future expansion possibilities, including additional units or an addition to the existing building, subject to municipal approvals. The apartments also present value-add potential through cosmetic improvements and future rent growth. With its irreplaceable limestone character, strong projected income, low operating-cost structure, substantial parking and potential for further growth, 79-81 Queen Street is a rare opportunity to acquire a distinguished piece of Kingston's heritage in one of the city's most walkable and sought-after locations.
Kingston investment priced at $1,475,000 — book a tour to see if it fits your search.
Inside 79-81 Queen St
Every detail from the listing, in one place.
Type
Investment
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Investment
79-81 Queen St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13668718$1,475,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 79-81 Queen St Compares to the Kingston Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Average days on market33Homes sold in about 33 days on average.
Sale-to-list ratio97.3%On average, homes sold below asking.
Active listings712Homes for sale here right now.
Median vs prior 90 days−1.5%Compared with Apr 18 – Jul 17, 2026: prices down.
Based on 638 sales from Jul 17 – Oct 15, 2026 (524 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 79-81 Queen St
How much is 79-81 Queen St listed for?
79-81 Queen St is listed at $1,475,000 (MLS® X13668718). Summitly updates the price as soon as the MLS® record changes.
Has the price of 79-81 Queen St changed?
No — 79-81 Queen St is still listed at its original asking price of $1,475,000.
How many bedrooms and bathrooms does 79-81 Queen St have?
The listing for 79-81 Queen St doesn't publish its bedroom and bathroom count. It is a commercial property in Kingston.
How does 79-81 Queen St compare with other homes in Kingston?
Its asking price of $1,475,000 is about 148% above the median sold price in Kingston over the last 90 days, $594,250, across 638 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 79-81 Queen St been sold before?
Summitly has no earlier MLS® sale or lease of 79-81 Queen St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 79-81 Queen St?
79-81 Queen St is in Kingston, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 79-81 Queen St been on the market?
64 days — 79-81 Queen St was listed on August 12, 2026.
What is the land transfer tax on 79-81 Queen St?
About $25,975 in Ontario land transfer tax at the asking price of $1,475,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 79-81 Queen St or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 79-81 Queen St?
The listing for 79-81 Queen St doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Kingston.
When was 79-81 Queen St built?
The listing for 79-81 Queen St doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
