Ontario

Kingston Multifamily Market Report 2025 — Prices, Cap Rates & Trends

In the Kingston multifamily market, the median recorded sale price is $1,800,000, across 104 recorded transactions, between 2021-12-23 to 2025-12-31.

Analyze a deal

$1.8M

Median sale price

104

Recorded transactions

-26.0%

YoY change in median

Price distribution

Where Kingston multifamily sale prices sat across 104 recorded transactions.

Median sale price by year

4 of 5 years in the window carried enough recorded sales to plot a median for Kingston multifamily.

Recorded transaction volume by year

Year	Recorded transactions
2021	2
2022	25
2023	19
2024	26
2025	32

This market vs. Ontario overall

Metric	Kingston	Ontario
Median sale price	$1,800,000	$2,194,500
25th percentile	$1,223,125	$1,325,000
75th percentile	$2,843,750	$4,750,000
Recorded transactions	104	29,749
Year-over-year change	-26.0%	-5.5%

Asset classes in Kingston

Asset class	Median price	Transactions
Industrial	$1.6M	48
Land	$2.2M	24
Multifamily	$1.8M	104
Office	$1.9M	25
Other	$1.6M	86
Retail	$2M	57

Multifamily across Ontario markets

Market	Median price	Transactions
Barrie	$1.7M	94
Belleville	$2.1M	24
Brantford	$2.1M	60
Greater Sudbury	$1.5M	71
Guelph	$2.5M	75
Hamilton	$1.8M	295
Kingston	$1.8M	104
Kitchener-Cambridge-Waterloo	$2.5M	383
London	$2.2M	198
Oshawa	$2.1M	150
Ottawa	$2.1M	467
Peterborough	$2.6M	35
St. Catharines-Niagara	$1.7M	174
Thunder Bay	$1.3M	29
Toronto	$2.9M	1,462
Windsor	$1.8M	107

Rental market context

The CMHC Rental Market Survey reports a 2.4% purpose-built rental vacancy rate for Kingston (2025). This is residential rental context, not a commercial metric.

Recent recorded sales

Month	Area	Price band	Type
2025-12	Kingston, ON	$750K–$1.0M	Multifamily
2025-12	Kingston, ON	$2.5M–$3.0M	Multifamily
2025-09	Kingston, ON	$750K–$1.0M	Multifamily

Municipality, month and price band only.

Common questions

What is the median multifamily sale price in Kingston?

$1,800,000, across 104 recorded transactions in our dataset.

Are Kingston multifamily prices rising or falling?

The median recorded sale price changed -26.0% year over year in the most recent full comparison.

Methodology

This page draws on 104 recorded commercial transactions in Kingston between 2021-12-23 and 2025-12-31, from the EVALUAITE Market Intelligence dataset. A city and asset class is published only once it carries at least 50 recorded transactions.

Too few of these sales reported a cap rate to publish a range, so none is shown. 4 of 5 years carried enough sales to plot a median; the rest report volume only. The year-over-year comparison had enough sales on both sides to compute. CMHC rental context is available for this market.

Prepared by the EVALUAITE Market Intelligence team.