$1,199,000
FOR SALE

Multiplex 2-Storey

Bedrooms: 10Bathrooms: 5Lot: 100 x 82 ft
2025 Taxes: $7,293

1028 Johnson St
Kingston, ON K7M 2N4 | 18 - Central City West | Frontenac

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.
Extras
On Demand Water Heater, Separate Hydro Meter, Water Heater Owned
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Listed By ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X13159956
Last Updated May 22, 2026
Property Summary
Property Type Multiplex

More like this:
PIN 360160116
Legal Description PT PARKLT 8 BTN YONGE ST & MOWAT AV PL 54 KINGSTON CITY AS IN FR285613; KINGSTON ; THE COUNTY OF FRONTENAC
Possession Date Flexible
Taxes (2025) $7,293
Directions/Cross Streets Johnson St & Mowat Ave
Neighbourhood 18 - Central City West
Area Frontenac
Price History

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Detailed Information
Fronting On North
Special Designations Unknown
Bedrooms 10
Bathrooms 5
Lot 100 x 82 ft
Exterior Brick
Air Conditioning None
Basement Apartment
Garage Type None
Parking Spaces 10
Heat Source Gas
Heat Type Radiant
Sewers Sewer

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