391 Barrie Street, Kingston

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. \r\nOPPORTUNITY: 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. \r\nPre-application for Multifamily (4 Units, 12 bedrooms) has been broadly supported subject to a zoning by-law amendment. \r\n\r\nThe 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. (id:1945)