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Home ON Greater Kingston Kingston Inner Harbour
451 DIVISION STREET
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451 DIVISION STREET $499,900
$499,900
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451 DIVISION STREET
Kingston (East of Sir John A. Blvd), Ontario K7K4A8

MLS® Number: X12188277

Listing Description

BUILDING FOR SALE ONLY: Stand alone commercial building on a prime corner lot in downtown Kingston. Strong return with existing tenancy and revenue. Net annual rent to Seller/Landlord is: $31 213.13. Tenant has leased and occupied the property since 1984. Seller has owned the property since 1985. Current Lease renewal in place until June 30th, 2029, with 2 further options until 2039. Lease is a Head Corporate, Triple Net lease, with all costs paid for by the tenant. No Environmental Reports on file. Property is being sold as is where is, Buyer to conduct their own due diligence. ALL offers MUST have a minimum 48 hour irrevocable, and any completion date must be on or after the 16th of September 2025. Lease documents on file and will only be released upon a fully completed NDA/CA. (40587539)

Location Description

Stephen Street & Division Street

Property Summary

Property Type
Retail
Community Name
22 - East of Sir John A. Blvd
Land Size
0.186 ac
Annual Property Taxes
$14,938.91
Time on REALTOR.ca
24 days

Building

Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Forced air (Natural gas)
Utilities
Water
Municipal water
Business
Business Type
Retail and Wholesale (Retail misc.)

Land

Lot Features
Frontage
82 ft ,4 in
Land Depth
101 ft ,2 in
Other Property Information
Zoning Description
UR.5
Data provided by: Kingston & Area Real Estate Association 720 Arlington Park Place, Kingston, Ontario K7M 8H9
LUCA ANDOLFATTO