1028 Johnson Street, Kingston, ON K7M 2N4, Kingston, ON, K7M 2N4
MLS: X13002212 | Multiplex
$1,299,999
Property Description
Well-located corner 5-plex in central Kingston offering reliable rental income with clear upside potential. Currently generating roughly $84,000 annually including laundry and parking income, with an estimated NOI around $64,000, representing a sub-5% cap rate (approximate). The property features five similar 2-bedroom units, each with a 4-piece bath, with three already updated and two offering future upside through improvements and rent growth. Situated on a corner lot with plenty of on-site parking, adding convenience for tenants and additional income potential. The building is well set up with separately metered hydro, 400 amp service, updated windows, radiant on-demand heating, owned hot water systems, and a roof replaced in 2015. Close to Queen's University and St. Lawrence College, with easy access to transit and everyday amenities, supporting consistent rental demand and long-term growth.
Quick Facts
- Property Type: Multiplex
- Style: 2-Storey
- Bedrooms: 10 (10 above)
- Bathrooms: 5
- Parking: 10.0 spaces (Private)
- Lot Size: 8,310 sq ft (772.0 m²)
Costs
- Annual Taxes: $7,293.00 (2025)
Listing Provided by: ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Cooling: None
- Basement: Apartment
Exterior & Construction
- Style: 2-Storey
- Roof: Tar and Gravel
- Construction: Brick
- Foundation: Block
- Sewer: Sewer
Lot & Land
- Lot Size: 8,310 sq ft (772.0 m²)
- Pool: None
- Zoning: A2
Community & Neighbourhood
- Neighbourhood: 18 - Central City West
Listing Information
Listing History
Sold history, price changes, and days-on-market are reserved for registered users.
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1028 Johnson Street, Kingston, ON K7M 2N4, Kingston, ON, K7M 2N4