REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,299,999
Est. payment /mo
New
1028 Johnson ST Kingston, ON K7M 2N4
10 Beds
5 Baths
UPDATED:
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
Rooms
Family Room No
Basement Apartment
Kitchen 5
Interior
Interior Features On Demand Water Heater, Separate Hydro Meter, Water Heater Owned
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Pool None
Waterfront Description None
Roof Type Tar and Gravel
Lot Frontage 100.0
Lot Depth 82.0
Total Parking Spaces 10
Building
Building Age 31-50
Foundation Block
Others
ParcelsYN No
Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.