1028 JOHNSON STREET

Kingston (Central City West), , K7M2N4, Canada

$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.

EXTRAS: Water Heater - Tankless, Water Heater

Last updated on : Sunday 19th of April 2026 08:26:04 AM

ADDRESS

Street : 1028 JOHNSON STREET

City : Kingston (Central City West)

Country : Canada

Postal Code : K7M2N4

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PROPERTY SUMMARY

Property ID : X13002212

Building Type : Other

Property Type : Multi-family

Bedrooms : 10

Bathrooms : 5

Parking : 10

Parking Type: No Garage

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