427 Princess Street, Kingston, CA

The strategic land assembly at 427 Princess Street and 177-181 Division Street in Kingston, Ontario, presents a premier high-density mid-rise development opportunity. Offered as a combined package, the site is positioned at the prime intersection of Downtown Kingston’s primary commercial vein and the Williamsville intensification corridor. The site features significant vertical development scope, supporting a 4-to-6-storey expansion or full redevelopment that aligns seamlessly with municipal planning guidelines for urban infill.

This property offers excellent potential to build a highly profitable mix of modern apartments placed directly above active ground-floor retail space. During the architectural design and municipal approval phases, the fully operational existing tenancies provide a steady stream of income to completely offset ongoing carrying costs.

Located less than 500 meters from Queen’s University, the site captures constant rental demand driven by a permanent student population. The property sits at the epicenter of off-campus student life within ‘The Hub,’ Kingston’s premier student entertainment and social district. This prime positioning generates exceptional 24/7 foot traffic and gives the site an unmatched neighborhood profile that is highly coveted by commercial and residential tenants alike.

The immediate area features perfect walkability, just steps from major transit hubs, popular downtown restaurants, and everyday essentials like Metro Grocery and Shoppers Drug Mart.

Enhancing the area’s appeal, the city’s major Williamsville Renewal infrastructure project is transforming Princess Street westward from Division Street to Frontenac Street. This extensive public investment delivers completely reconstructed sidewalks and curbs, dedicated new cycle tracks, enhanced pedestrian crossings, and a brand-new public parkette at Frontenac, substantially modernizing the streetscape directly adjacent to the asset.

This is a rare, scalable opportunity to capture premium rental rates while building lasting value in Kingston’s highly stable student and young professional tenant market.