$4,000,000
For sale: Vacant Land

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.
Sold data
Homes in Kingston (East Gardiners Rd) took a median of 25 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 47, across 447 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 39 days.
The median sale price was $599,900.
Homes sold for about 2.5% below asking on average, so there was room to negotiate.
About 11% of sales closed above the list price.
Around 22% of sellers reduced their price before finding a buyer.
Based on 447 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Kingston (East Gardiners Rd) has 38 Fraser Institute–rated schools (29 elementary and 9 secondary), averaging 5.8/10.
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale

$5,500,000
Vacant Land375 CENTRE STREET N, 58 - Greater Napanee, Greater Napanee

$5,000,000
Vacant Land00 FREDERICK STREET, 807 - Edwardsburgh/Cardinal Twp, Edwardsburgh/Cardinal

$4,500,000
Vacant Land115 EMILY STREET, 909 - Carleton Place, Carleton Place

$5,500,000
Vacant Land00 MCNEELY AVENUE, 909 - Carleton Place, Carleton Place

$5,500,000
Vacant Land00 DOUGLAS SIDE ROAD, 910 - Beckwith Twp, Beckwith

$5,000,000
Vacant Land4221B MOODIE DRIVE, 7901 - South of Fallowfield Road, Ottawa

$3,495,000
Vacant Land18609 HIGHWAY 48, Mt Albert, East Gwillimbury

$2,950,000
Vacant Land00 COUNTY ROAD 2 ROAD, 807 - Edwardsburgh/Cardinal Twp, Edwardsburgh/Cardinal