1028 JOHNSON STREET

Kingston (Central City West), , K7M2N4, Canada

$1,199,000

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 : Monday 25th of May 2026 08:35:38 AM

ADDRESS

Street : 1028 JOHNSON STREET

City : Kingston (Central City West)

Country : Canada

Postal Code : K7M2N4

Open in Google Map

PROPERTY SUMMARY

Property ID : X13159956

Building Type : Other

Property Type : Multi-family

Bedrooms : 10

Bathrooms : 5

Parking : 10

Parking Type: No Garage

Similar Properties

Multi-family

188 HENRY STREET

Quinte West (Trenton Ward), Ontario, K8V5L3

$939,500

Beds: 10Baths: 6

property Type: Other

type: Sale

KAZIMIERZ WODZ
1 week ago

DETAILS

Multi-family

320 LAURIER AVENUE EAST EAST

Ottawa, Ontario, K1N6P6

$1,550,000

Beds: 10Baths: 3

property Type: Triplex

type: Sale

Amy Collins
1 month ago

DETAILS

Multi-family

2428-2430 IRIS STREET

Ottawa, Ontario, K2C2C6

$1,475,000

Beds: 10Baths: 4

property Type: Fourplex

type: Sale

Itai Olej
1 month ago

DETAILS

Multi-family

154 QUARRY AVENUE

Renfrew, Ontario, K7V2W4

$989,900

Beds: 10Baths: 5

property Type: Fourplex

type: Sale

Will Vincent
1 month ago

DETAILS

Multi-family

54 CENTENNIAL BOULEVARD

Ottawa, Ontario, K1S0M9

$1,900,000

Beds: 10Baths: 6

property Type: Other

type: Sale

Adam Pearce
1 month ago

DETAILS

Inquire about this property