$1,199,000
12.87 BTC
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1028 Johnson Street, Kingston
$1,199,000
PRICE
10
BEDROOMS
5
BATHROOMS
X13159956
MLSID

1028 Johnson Street, Kingston

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.
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Summary

Address
1028 Johnson Street
MLSID
X13159956
Property Type
Multiplex
Property Category
Bedrooms
10
Bathrooms
5
Kitchens
5
Zoning
A2
Taxes (Annual)
$7,293.00
Tax Year
2025
Published
May 22, 2026
Days on Market
7 Days
Possession Type
Flexible
Possession Details
Flexible
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Inclusions

All existing appliances and ELFs, radiant heating systems, water tanks, on-demand hot water system, exterior garden shed

Exclusions

All tenant personal belongings

Details

Basement
Apartment
Interior Features
On Demand Water Heater, Separate Hydro Meter, Water Heater Owned
Parking Spaces
10
Parking Total
10
Parking Features
Private
Architectural Style
2-Storey
Roof
Tar And Gravel
Construction Materials
Brick
Lot Size
8,310 SquareFeet
Lot Width
100 Feet
Lot Depth
82 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Radiant
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Listing Contracted with ROYAL LEPAGE REAL ESTATE SERVICES LTD.
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