1028 Johnson Street, Kingston — For Sale in Kingston
10 bed · 5 bath · Multiplex for sale in Kingston.
1028 Johnson Street, Kingston, ON K7M 2N4
About This Property
Now for sale at 1028 Johnson Street in Kingston: a 10-bedroom, 5-bathroom multiplex listed at $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.
Property Specifications
| MLS® Number | X13159956 |
|---|---|
| Status | For Sale |
| List Price | $1,199,000 |
| Property Type | Residential Freehold |
| Sub Type | Multiplex |
| Transaction Type | For Sale |
| Bedrooms | 10 |
| Bathrooms | 5 |
| Parking | 10 spaces |
| Address | 1028 Johnson Street, Kingston, ON K7M 2N4 |
| City | Kingston |
| Postal Code | K7M 2N4 |
Listing Contracted With: ROYAL LEPAGE REAL ESTATE SERVICES LTD.
