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:55460)

Open House

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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 Ft2
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

https://www.realtor.ca/real-estate/29608821/1028-johnson-street-kingston-central-city-west-18-central-city-west