1028 Johnson Street, Kingston, ON K7M 2N4
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.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 1028 Johnson Street, Kingston, ON K7M 2N4
Provided by Walk Score®. Walk Score, Transit Score, and Bike Score are trademarks of Walk Score.
MLS# X13159956
Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.
On market since May 22, 2026
1028 Johnson Street, Kingston, ON K7M 2N4 is listed for $1,199,000 CAD.
1028 Johnson Street, Kingston, ON K7M 2N4 has 10 bedrooms and 5 bathrooms.
1028 Johnson Street, Kingston, ON K7M 2N4 is a Multiplex.
1028 Johnson Street, Kingston, ON K7M 2N4 is in Kingston, Ontario.
1028 Johnson Street, Kingston, ON K7M 2N4 is currently for sale.
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 1028 Johnson Street, Kingston, ON K7M 2N4 (MLS# X13159956). You can also send a message through the contact form on this site.
