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Investment Highlights

  • CURRENTLY LEASED FOR DAYCARE USE WITH AN ANNUAL NET RENT OF $84,000
  • The current owners have engaged an architect to explore residential redevelopment opportunities
  • Located in Downtown Kingston, across the street from the main public library

Executive Summary

Located in the heart of Downtown Kingston, this historic former church building at 126 Wellington Street presents a rare and versatile investment opportunity. Currently used as a daycare, the property’s impressive 40-foot ceilings and stunning architecture offer immense potential for a variety of uses, including offices, schools, financial institutions, theatres, clubs, retail stores, recreational
facilities, or residential redevelopment. Its prime location, across from the main public library, adjacent to the post office,
and just a short walk to Kingston’s central shopping district, city hall, and Lake Ontario, adds further appeal. The current owners have engaged an architect to explore residential redevelopment opportunities, and a pre-zoning application has already been submitted and well received with positive feedback from the City.

Property Facts

Price $2,022,297 USD
Price Per SF $252.79 USD
Sale Type Investment
Sale Condition Redevelopment Project
Property Type Specialty
Property Subtype Religious Facility
Building Class B
Lot Size 0.27 AC
Building Size 8,000 SF
No. Stories 1
Year Built 1863
Zoning C1-3 - Commercial

Amenities

  • Air Conditioning
Exceptionally walkable
100/100
Moderately drivable
60/100
Strong public transit
80/100
Moderately bikeable
70/100
  • Listing ID: 33674949

  • Date on Market: 10/29/2024

  • Last Updated:

  • Address: 126 Wellington St, Kingston, ON K7L 3C8

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