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About the Listing 519011 -
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.
Listing Highlights
Status
Active
Days on Site
56
Property Type
Multi-Family
MLS ®
X13159956
Year Built
Total Square Footage
2,500
Lot/Acreage
8309.73
Interior Details
- Bedrooms: 10
- Bathrooms: 5 Full
- Appliances:
- Air Cond:
- Heating: Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Apartment
- Other: On Demand Water Heater,Separate Hydro Meter,Water Heater Owned,5 Kitchens
- Water:
Exterior Details
- Garage Capacity: 1 car
- Roof: Tar and Gravel
- Others:
- Sewer: Sewer
- Parking Features: Private,No Garage
Financial Details
- Tax Amount: $7,546
- Taxes w/Assessments: N/A
- Tax/Property ID: 360160116
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
1028 Johnson St Kingston, ON K7M 2N4
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