1400 Bath Road, Kingston (East Gardiners Rd), Ontario, K7M4Y2
No similar listings for sale right now.
$4,000,000
Kingston
Rare opportunity to acquire approximately 9.75 acres of multi-residential development land strategically located at Bath Road and Centennial Drive in Kingston. Zoning approvals are in place for a proposed 240-unit (390-bedroom) development across four apartment buildings. Based on the asking price, this represents approximately $16,667 per proposed residential unit. Significant planning and engineering work has been completed, including the zoning by-law amendment, engineering studies, planning reports, registered access easement to Centennial Drive and commencement of the Site Plan Application process. Municipal servicing capacity has been confirmed and servicing allocation has been granted for the proposed development of up to 240 residential units. Kingston offers strong fundamentals for purpose-built rental housing, supported by population growth, health-care and public-sector employment, and a significant post-secondary population anchored by Queen's University, St. Lawrence College and the Royal Military College of Canada. CMHC reported a 2.4% purpose-built rental vacancy rate for Kingston in 2025. The property is positioned within an established commercial and residential corridor experiencing new residential investment and intensification, with convenient access to shopping, transit and major transportation routes. A comprehensive due diligence package is available upon execution of a Confidentiality Agreement. Purchasers to complete their own due diligence regarding current zoning, planning approvals, servicing, easements, site area and all development-related matters. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 76 days on market, against an average age of 51 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 36 days on the market over the past year, against a median of 48 days across the markets we publish.
This vacant land in Kingston (East Gardiners Rd) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $4,000,000, about 51.6× the local median household income of $77,500.
Carrying it typically needs a household income of about $781,340 (20% down, 25-yr amortization, stress-tested) — roughly 908% above the area median.
Source: Statistics Canada, 2021 Census (FSA K7M)
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