$ 799,000
391 BARRIE ST Kingston, ON K7K 3T6
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$ 799,000
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Active
391 BARRIE ST Kingston, ON K7K 3T6
4,442 SqFt
UPDATED:
11/07/2024 04:51 PM
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Square Footage 4,442 sqft
Price per Sqft $179
MLS Listing ID X9411013
Annual Tax Amount $11,475
Tax Year 2024
Property Description
Unique professional office building ownership opportunity, multifamily, or mixed-use redevelopment opportunity in the Inner Harbour area walking distance to downtown Kingston. The building is currently leased as a medical clinic; the property will be vacant Feb 1, 2025. Bright open reception area. The majority of offices contain plumbing. Functional lower level office space. Architecturally significant building - gross area 4,442 SF.
OPPORTUNITY: Recent update to City Zoning Bylaw (July 9th) now allows for "Neighbourhood Commercial" (CN) Zone uses in addition to site-specific uses under A.119 Zone (allowing for a health care professional office) at the subject property. These amendments have had the effect of expanding the number of permitted uses for the property, to now include mixed-use commercial-residential development, day care centre, grocery store, office, restaurant, retail store, wellness clinic and more.
Pre-application for Multifamily (4 Units, 12 bedrooms) has been broadly supported subject to a zoning by-law amendment.
The Property presents a unique opportunity for owner-operators or investors seeking to establish a business or presence in a high-demand neighbourhood proximate to downtown while having the benefit of developing the property at any point to create more units and create/drive additional value appreciation.
OPPORTUNITY: Recent update to City Zoning Bylaw (July 9th) now allows for "Neighbourhood Commercial" (CN) Zone uses in addition to site-specific uses under A.119 Zone (allowing for a health care professional office) at the subject property. These amendments have had the effect of expanding the number of permitted uses for the property, to now include mixed-use commercial-residential development, day care centre, grocery store, office, restaurant, retail store, wellness clinic and more.
Pre-application for Multifamily (4 Units, 12 bedrooms) has been broadly supported subject to a zoning by-law amendment.
The Property presents a unique opportunity for owner-operators or investors seeking to establish a business or presence in a high-demand neighbourhood proximate to downtown while having the benefit of developing the property at any point to create more units and create/drive additional value appreciation.
Location
State ON
County Frontenac
Zoning A.119
Rooms
Kitchen 0
Interior
Cooling Unknown
Exterior
Pool None
Utilities Available Unknown
Roof Type Unknown
Parking Type Unknown
Others
Security Features Unknown
Listed by Rogers & Trainor Commercial Realty Inc., Brokerage