1028 Johnson Street

FOR SALE
$1,199,000
1028 Johnson Street, Kingston
1028 Johnson Street
1028 Johnson Street
1028 Johnson Street
1028 Johnson Street
1028 Johnson Street
1028 Johnson Street
1028 Johnson Street
1028 Johnson Street
1028 Johnson Street
1028 Johnson Street
1028 Johnson Street
1028 Johnson Street
1028 Johnson Street
1028 Johnson Street
1028 Johnson Street
1028 Johnson Street
1028 Johnson Street
Browsing Limit Reached
Please Register for Unlimited Access
10
BEDROOMS
5
BATHROOMS
5
KITCHENS
25
ROOMS
X13159956
MLSID
Contact Us
Property Description
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.
Property Features
On Demand Water Heater, Separate Hydro Meter, Water Heater Owned, Private
Property Details
Address
1028 Johnson Street
Postal Code
K7M 2N4
Property Type
Multiplex, Multiplex
Days On Market
5
Zoning
A2
Lot Size
100' x 82'
Acreage
8,309.7 Feet
Taxes
$7,293 (2025
Basement
Apartment
Heat Type
Radiant
Heat Source
Gas
Water
Municipal
Parking Spaces
10
Garage Type
None
Listing contracted with Royal Lepage Real Estate Services Ltd.
31 Montgomery Boulevard, Kingston
10
BEDS
6
BATHS
$1,099,900
FOR SALE
Solid 6-unit apartment investment located on prestigious Montgomery Boulevard in Kingston's sought-after Reddendale neighbourhood. This well-positioned multi-residential asset benefits from immediate access to public transit and is just steps to nearby parks, walking trails, and Lake Ontario waterfront. The property currently grosses $107,336.64 annually, with upside to be realized through tenant turnover.The building is efficiently configured, features a durable metal roof, has had recent large capital investment and is electrically heated, helping reduce maintenance and operational complexity. Situated in a stable, low-vacancy neighbourhood with strong rental demand, 31 Montgomery Boulevard represents an excellent opportunity for investors seeking a turn-key income property with future value-add potential in one of Kingston's most desirable residential corridors. Currently professionally managed by Axon Property Management.
271-273 Rideau Street, Kingston
10+1
BEDS
5
BATHS
$949,000
FOR SALE
Prime five-unit income property ideally located just steps from downtown Kingston, Kingston General Hospital, and Queen's University. This well-cared-for multiplex offers a desirable unit mix and includes on-site parking for four vehicles-an added advantage in this high-demand rental area. With a proven track record of consistent tenancy and a straightforward, low-maintenance operating setup, this property delivers dependable cash flow and long-term stability. Surrounded by amenities, transit, and major employment hubs, it continues to attract quality tenants year-round. A rare opportunity to acquire a solid, income-generating asset in one of Kingston's most sought-after rental locations.
686 Montreal Street, Kingston
9
BEDS
6
BATHS
$999,900
FOR SALE
686 Montreal Street is a legal 6-unit apartment building (6-plex) approx: 3,200-4,600 sq ft range (sources vary) 8 bedrooms total. 4 x 1 bedroom apartments and 2 x 2-bedroom apartments. Features: separate hydro meters per unit (tenant-paid utilities) shared laundry (basement). additional garage/workshop structure on site. Roof approx 10 yrs old. Electrical up grade 2 yrs ago. Common forced air furnace. Each tenant pays for their own hot water tank rental. From an investor standpoint: this is a classic Kingston cash-flow asset-older stock, separately metered, low operating complexity. planning / zoning insight (important for your project) from your pre-consult file (d00-139-1015) and city feedback: zoning: mui - mixed use 1 official plan: mixed use. What that means in practice: supports: multi-unit residential. conversions / intensification additional dwelling units (subject to site constraints)
DIALOG CONTENT
Would you like to receive Similar Listing Alerts as soon as they are uploaded to MLS®?
How would you rate our website?
Would you like to rate us on Google?
Yes
211720355