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
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MLS# X13159956
Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.
On market since May 22, 2026
What comparable homes actually sold for in the last 12 months.
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.
