1028 Johnson ST, Kingston, ON K7M 2N4
1028 Johnson ST, Kingston, ON K7M 2N4
1028 Johnson ST, Kingston, ON K7M 2N4
1028 Johnson ST, Kingston, ON K7M 2N4
1028 Johnson ST, Kingston, ON K7M 2N4
1028 Johnson ST, Kingston, ON K7M 2N4
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Wilson Hon

Wilson Hon

+1(416) 889-0886
$ 1,299,999
Est. payment | /mo

10 Beds

5 Baths

Save
$ 1,299,999
Est. payment | /mo
Save

10 Beds

5 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2500-3000

Subdivision 18 - Central City West

MLS Listing ID X13002212

Style 2-Storey

Bedrooms 10

Annual Tax Amount $7,293

Tax Year 2025

Property Sub-Type Multiplex

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.

Location

Province ON

County Frontenac

Area Frontenac

Zoning A2

Rooms

Basement Apartment

Kitchen 5

Interior

Interior Features On Demand Water Heater, Separate Hydro Meter, Water Heater Owned

Cooling None

Inclusions All existing appliances and ELFs, radiant heating systems, water tanks, on-demand hot water system, exterior garden shed

Exterior

Parking Features None

Pool None

Roof Type Tar and Gravel

Total Parking Spaces 10

Building

Building Age 31-50

Foundation Block

Lited by ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Nearby Locations

Wilson Hon

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 889-0886

wilson.hon@exprealty.com

50 Leek Cres, Richmond Hill, ON, L4B 4J3, CAN

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1028 Johnson ST