1028 Johnson Street, Kingston, ON, K7M 2N4

Property Details: - Type: Multiplex - Bedrooms: 10 - Bathrooms: 5 - MLS#: X13002212 Listed By: ROYAL LEPAGE REAL ESTATE SERVICES LTD.

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. This multiplex home located at 1028 Johnson Street, Kingston is currently for sale and has been available on Zolo.ca for 21 days. This property is listed at $1,299,999 with an estimated mortgage of $4,785* per month. It has 10 beds, 5 bathrooms, and is 2500-3000 square feet. The property was built in 31-50. 1028 Johnson Street, Kingston is in the 18 - Central City West neighborhood Kingston.