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Investment Highlights

  • Prime high traffic location
  • Steps to Queen's University, Downtown Kingston, transit and major retail hubs

Executive Summary

A rare opportunity to acquire a development-ready site with approvals in place along one of Kingston's most active urban growth corridors. Prime multi-residential development opportunity in Kingston's rapidly transforming Williamsville corridor. Situated steps from Queen's University, major retail amenities, and Kingston Health Sciences Centre, the property is ideally positioned to serve a strong and growing rental market driven by students and healthcare professionals. The surrounding area is undergoing significant redevelopment, with numerous mid-rise residential projects completed, under construction, or in planning stages.

Property Facts

Price $1,289,000 CAD
Sale Type Investment
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units
Total Lot Size 0.33 AC
Zoning WM1 - WM1: Williamsville Zone 1 (626 Princess Street) UR5: Urban Residential Zone 5 (518 Albert Street) See documents for permitted uses.

1 Lot Available

Lot

Price $1,289,000 CAD
Price Per AC $3,906,060.61 CAD
Lot Size 0.33 AC

This offering includes two separately deeded parcels- 627 Princess Street and 518 Albert Street- being sold together as a single package in a high-demand intensification area.

Description

627 Princess Street benefits from approved plans for a six-storey residential building comprising 45 units (62 bedrooms), including a mix of bachelor, one-bedroom, one-bedroom plus den, and two-bedroom layouts. The proposed development includes approximately 33,500 sq. ft. of above-grade space, amenity areas, bike storage, and surface parking, with approved vehicular access from Albert Street. 518 Albert Street provides additional density potential with zoning in place to permit a four-unit multi-family development, offering an excellent opportunity to complement or expand the overall project. 627 PRINCESS STREET Proposed concept details: • +/- 33,523.62 sq ft of above grade finished space • 6 storeys • 4,854.5 sq ft of common amenity space • +/- 7 parking spaces, and 46 bike lockers Proposed Unit Mix: Bachelor 1 1 Bedroom 16 1 Bedrooom + den 4 2 Bedroom 17 _____________________________ TOTAL UNITS 45 TOTAL BEDROOMS 62 518 ALBERT STREET Proposed concept details: • A 4 unit multi-family building consisting of a basement unit, a ground floor unit and two 2-storey units on the third and fourth floors. Proposed Unit Mix: 3 Bedroom 4 _____________________________ TOTAL UNITS 4 TOTAL BEDROOMS 12

Exceptionally walkable
100/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
70/100
  • Listing ID: 40391566

  • Date on Market: 2026-05-04

  • Last Updated:

  • Address: 627 Princess St, Kingston, ON K7L 1E2

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