518 Albert Street, Kingston | Image 1

518 Albert Street

Kingston, East of Sir John A. Blvd

  • - bed - bath
$XXX,XXX est.*: $1,067/mo
For Sale

Added 2 days ago

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  • Type: Vacant Land

  • Lot Size: 49.97 x 133.58 Feet

  • Age: No Data

  • Taxes: $4,524 per year

  • Days on Site: 1 Days

  • Added: Feb 18, 2025 (2 days ago)

  • Updated:

  • Last Checked: 3 hours ago

  • MLS®#: X11979446

  • Listed By: Rockwell commercial real estate, brokerage

4-PLEX DEVELOPMENT OPPORTUNITY: 518 Albert Street presents an attractive redevelopment opportunity on a 5,198 sf lot on a private residential road only 200 ft from the vibrant Princess Street commercial corridor. Under Kingston's progressive zoning regulations the lot permits up to FOUR UNITS offering tremendous potential for intensification in a prime downtown location. The site presents excellent potential to develop four spacious three-bedroom-plus-den units, with on-site outdoor parking. A secured 6-meter easement across 627 Princess Street ensures optimal vehicle access and infrastructure connectivity, enhancing the property's development potential while maintaining the residential character that defines Albert Street. Positioned in an established residential neighbourhood just off Princess Street, this development opportunity combines the tranquility of a residential setting with immediate proximity to downtown amenities. Future residents will enjoy a short walk to Queen's University, Kingston Health Sciences Centre, and Hotel Dieu Hospital, while being nestled in a community characterized by well-maintained residential homes. The property's UR5 zoning and residential designation align perfectly with multi-unit development potential. The site provides easy access to grocery stores, parks, schools, and the Memorial Centre, offering the ideal balance of peaceful residential living with urban convenience. Kingston's robust rental market fundamentals in this prime downtown location continue to demonstrate exceptional strength. The existing structure provides an opportunity for comprehensive site redevelopment, allowing investors to optimize the site's potential for a modern four-unit residential development in a market characterized by sustained demand. Property must be purchased together with 627 Princess Street (listed separately). Qualified purchasers are invited to review the due diligence package upon execution of a confidentiality agreement.

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Property

  • Status: Sale

  • Property Type: Vacant Land

  • Area: Kingston

  • Community: East of Sir John A. Blvd

  • Availability Date: Immediate

  • Assessment Year: 2024

Inside

  • Central Vacuum: N

Utilities

  • Electricity: Yes

  • Gas: Yes

  • Cable: Yes

  • Telephone: Yes

Building

  • Water Supply: Municipal

  • Special Designation: Unknown

Fees

  • Tax Year: 2024

  • Tax Legal Description: PLAN A12 PT LOTS 561 AND 563 RP 13R7848 PARTS 1 AND 2

  • Taxes: $4,524

Land

  • Cross Street: Princess Street

  • Municipality District: Kingston

  • Fronting On: West

  • Parcel Number: 360720517

  • Sewer: Sewers

  • Lot Depth: 133.58 Feet

  • Lot Frontage: 49.97 Feet

  • Acres: < .50

  • Waterfront: None

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Walker's Paradise

  • Daily errands do not require a car.
91 /100

Good Transit

  • Some errands can be accomplished by public transportation.
57 /100

Very Bikeable

  • Most errands can be accomplished on bike.
89 /100
JK-5

St Joseph School

Elementary: Catholic
0.65 km
JK-8

St Patrick Catholic School

Elementary: Catholic
0.94 km
JK-8

St Peter Catholic School

Elementary: Catholic
1.10 km
7-8

Module Vanier

Elementary: Public
0.93 km
JK-8

Winston Churchill Public School

Elementary: Public
0.91 km
JK-6

Rideau Public School

Elementary: Public
0.37 km
9-12

École secondaire publique Mille-Iles

Secondary: Public
2.06 km
9-12

Limestone School of Community Education

Secondary: Public
1.62 km
9-12

Frontenac Learning Centre

Secondary: Public
1.84 km
9-12

Loyalist Collegiate and Vocational Institute

Secondary: Public
1.54 km
9-12

Kingston Collegiate and Vocational Institute

Secondary: Public
0.90 km
9-12

Regiopolis/Notre-Dame Catholic High School

Secondary: Catholic
0.87 km
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  • Federal Employees Credit Union

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