1028 Johnson Street Kingston, Ontario K7M 2N4
10 Bedroom
5 Bathroom
2,500 - 3,000 sqft
None
Radiant Heat
$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:15069)
Open House
This property has open houses!
April
18
Saturday
Starts at:
1:00 pm
Ends at:2:00 pm
Property Details
| MLS® Number | X13002212 |
| Property Type | Multi-family |
| Community Name | 18 - Central City West |
| Parking Space Total | 10 |
Building
| Bathroom Total | 5 |
| Bedrooms Above Ground | 10 |
| Bedrooms Total | 10 |
| Age | 31 To 50 Years |
| Amenities | Separate Electricity Meters |
| Appliances | Water Heater - Tankless, Water Heater |
| Basement Features | Apartment In Basement |
| Basement Type | N/a |
| Cooling Type | None |
| Exterior Finish | Brick |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 2 |
| Size Interior | 2,500 - 3,000 Sqft |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 82 Ft |
| Size Frontage | 100 Ft |
| Size Irregular | 100 X 82 Ft |
| Size Total Text | 100 X 82 Ft|under 1/2 Acre |
| Zoning Description | A2 |
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April 16 2026 01:13:33
Toronto Regional Real Estate Board
Royal LePage Real Estate Services Ltd., Royal Heritage Realty Ltd.