For Sale: 1028 Johnson Street, Kingston, ON - REW
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$1,199,000
10 bd • 5 ba • 2500 - 2999 sf • Multifamily
1028 Johnson Street
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$1,199,000
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1028 Johnson StreetKingston, ON, K7M 2N4

  • 10 Bed
  • 5 Bath
  • 2500 - 2999 Sqft
  • Multifamily

About this home

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:63626)
Listed by: JEFF PODGORSKI, Salesperson, ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Home facts and features

Price details
List Price
$1,199,000
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Gross Taxes for 2025
$7,546
Home facts
Bedrooms
10
Full Bathrooms
5
Parking Spaces
10
Parking Details
No Garage
Property Type
Multifamily
Depth
82 feet
Frontage
100.0 feet
Exterior Finish
Brick
Heating Type
Radiant heat, Natural gas
Basement Details
Apartment in basement,
Features
Separate Electricity Meters
Appliances
Water Heater, Water Heater - Tankless
Agent details
Primary Agent
JEFF PODGORSKI
Primary Broker
ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Secondary Agent
Jeannie Faris
Secondary Broker
Royal Heritage Realty Ltd.
Listing details
Days on REW
15 Days
Property Views
14
MLS® Number
X13159956
Source
Canadian Real Estate Association
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Property Insights

Centennial Public School
  • Public
  • JK - 8
St Thomas More Catholic School
  • Catholic
  • JK - 8
Loyalist Collegiate Vocational Institute
  • Public
  • 9 - 12
Calvin Park Public School
  • Public
  • 7 - 8
Polson Park Public School
  • Public
  • JK - 6
St Joseph School
  • Catholic
  • JK - 5
Winston Churchill Public School
  • Public
  • JK - 8
Rideau Public School
  • Public
  • JK - 8
ÉEP Madeleine-de-Roybon
  • Public
  • JK - 6
ÉSP Mille-Iles
  • Public
  • 7 - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
JEFF PODGORSKI
Office:
905-828-1122
Salesperson
Jeannie Faris
Phone:
(905) 623-6000
Office:
905-723-4800
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