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$1,299,999
Ontario,Kingston (Central City West)
For Sale Active
1028 JOHNSON STREET, Kingston (Central City West), Ontario K7M2N4
  • 10
  • 5
  • 2500 - 3000Square Feet
Contact Seller
Next Open House
  • Apr 18 13:00 - 14:00
Basic Details
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. (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X13002212
  • Price: $1,299,999
  • Bedrooms: 10
  • Bathrooms: 5
  • Square Footage: 2500 - 3000 Sqft
  • Status: Active
  • Property Sub Type: Multi-family
  • Office Key: 283370
Features & Appliances
Features
  • Heating System: Natural gas, Radiant heat
  • Cooling System: None
  • Basement: N/A, Apartment in basement
  • Parking: No Garage
  • Exterior Features: Brick
  • Sewer: Sanitary sewer
Address Map
  • Location: CA, Ontario, Kingston (Central City West), K7M2N4
  • Street: Johnson
  • Street Number: 1028
  • Street Suffix: Street
  • Longitude: W77° 28' 45.6''
  • Latitude: N44° 13' 49.1''
Additional Information
  • Water Source:
  • Foundation Details:
  • Lot Size Dimensions: 100 x 82 FT
  • Stories: 2.0
Financial
  • Tax Annual Amount: 7293
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Listing updated: 2026-04-16 15:43:17
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Listing Information
  • List Agent Key: 2179259
  • List Office Key: 283370
  • Modification Timestamp: 2026-04-16T13:20:56Z
  • Originating System Name: Toronto Regional Real Estate Board
  • Status Change Timestamp: 2026-04-16T13:13:33Z
Powered by REALTOR.ca
Listing updated: 2026-04-16 15:43:17
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