1028 Johnson Street Kingston, Ontario K7M 2N4
$1,299,999
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. (id:61852)
Property Details
| MLS® Number | X13002212 |
| Property Type | Multi-family |
| Community Name | 18 - Central City West |
| ParkingSpaceTotal | 10 |
Building
| BathroomTotal | 5 |
| BedroomsAboveGround | 10 |
| BedroomsTotal | 10 |
| Age | 31 To 50 Years |
| Amenities | Separate Electricity Meters |
| Appliances | Water Heater - Tankless, Water Heater |
| BasementFeatures | Apartment In Basement |
| BasementType | N/a |
| CoolingType | None |
| ExteriorFinish | Brick |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Radiant Heat |
| StoriesTotal | 2 |
| SizeInterior | 2500 - 3000 Sqft |
| Type | Other |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 82 Ft |
| SizeFrontage | 100 Ft |
| SizeIrregular | 100 X 82 Ft |
| SizeTotalText | 100 X 82 Ft|under 1/2 Acre |
| ZoningDescription | A2 |
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Contact us for more information
Jeff Podgorski
Salesperson
2520 Eglinton Ave West #207c
Mississauga, Ontario L5M 0Y4
Jeannie Faris
Salesperson
342 King Street West Unit: 201
Oshawa, Ontario L1J 2J9
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April 19 2026 12:18:39
Toronto Real Estate Board
Royal LePage Real Estate Services Ltd., Royal Heritage Realty Ltd.