1028 Johnson Street Kingston, Ontario K7M 2N4
$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. (id:24801)
Property Details
| MLS® Number | X13002212 |
| Property Type | Multi-family |
| Community Name | 18 - Central City West |
| Parking Space Total | 10 |
Building
| Bathroom Total | 5 |
| Bedrooms Above Ground | 10 |
| Bedrooms Total | 10 |
| Age | 31 To 50 Years |
| Amenities | Separate Electricity Meters |
| Appliances | Water Heater - Tankless, Water Heater |
| Basement Features | Apartment In Basement |
| Basement Type | N/a |
| Cooling Type | None |
| Exterior Finish | Brick |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 2 |
| Size Interior | 2,500 - 3,000 Sqft |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 82 Ft |
| Size Frontage | 100 Ft |
| Size Irregular | 100 X 82 Ft |
| Size Total Text | 100 X 82 Ft|under 1/2 Acre |
| Zoning Description | A2 |
Contact Us
Contact us for more information
Jeff Podgorski
Salesperson
www.jeffpodgorski.com/
www.instagram.com/jeffpodgorski__/
www.linkedin.com/in/jeffreypodgorski/
2520 Eglinton Ave West #207c
Mississauga, Ontario L5M 0Y4
(905) 828-1122
(905) 828-7925
Jeannie Faris
Salesperson
342 King Street West Unit: 201
Oshawa, Ontario L1J 2J9
(905) 723-4800
(905) 239-4807
www.royalheritagerealty.com/
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
April 16 2026 12:42:49
Toronto Regional Real Estate Board
Royal LePage Real Estate Services Ltd., Royal Heritage Realty Ltd.