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176-178 Railway Street 2 Properties Offered at $2,499,000 CAD in Kingston, ON
INVESTMENT HIGHLIGHTS
- Multi-unit industrial and office property offers 25,393 SF of gross leasable area on a 1.25-acre site.
- Generates annual triple net income of $157,710 with ample parking and rear yard access.
- All buildings have been fully renovated within the last ten years and the property is currently fully leased.
- Features three distinct units with flexible layouts, multiple loading doors, and climate control.
EXECUTIVE SUMMARY
This multi-unit industrial and office property presents an excellent investment or owner-occupier opportunity, offering a total of 25,393 square feet of gross leasable area on a 1.25-acre site at $98.41 per square foot. All buildings have been fully renovated within the last ten years and the property is currently fully leased, generating an annual triple net income of $157,710. The site features a rear yard and ample parking, with three distinct units: 176 Railway St. (Front Building) includes Unit 1, a 10,235-square-foot space over two levels with offices and R&D/warehouse, leased until December 1, 2025, and Unit 2, a 5,158-square-foot warehouse/workshop leased until October 31, 2025; both units offer multiple loading doors and climate control. 178 Railway St. (Rear Building) is a 10,000-square-foot warehouse with 16+ foot clear height, drive-in and dock-level loading doors, leased until November 30, 2025, with the tenant currently sub-leasing and no right to renew.
PROPERTY FACTS
| Price | $2,499,000 CAD | Number of Properties | 2 |
| Price / SF | $38.73 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 64,519 SF |
| Status | Active | Total Land Area | 2.50 AC |
| Price | $2,499,000 CAD |
| Price / SF | $38.73 CAD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 64,519 SF |
| Total Land Area | 2.50 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 176 Railway St, Kingston, ON K7K 2L9 | Flex | 54,519 SF | 1990 | - |
|
BLDG B
178 Railway St, Kingston, ON K7K 2L9 |
Industrial | 10,000 SF | 1965 | - |
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176-178 Railway Street
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