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Royal LePage
Royal LePage
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$1,199,000

1028 JOHNSON STREET, Kingston, Ontario, K7M 2N4

MLS® # X13159956

Kingston ON, K7M 2N4

MLS® # X13159956

Property Information:

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:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Amenities: Separate Hydro Meters
  • Basement Type: N/A
  • Exterior Finish: Brick
  • Floor Space: 2500 - 3000 sqft
  • Foundation Type: Block
  • Heating Type: Radiant heat
  • Heating Fuel: Natural gas
  • Cooling Type: None
  • Appliances:

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 10
  • Bathrooms: 5
  • Floor Space (approx): 2500 - 3000 Square Feet
  • Irregular: Yes
  • Lot Depth: 82 Feet
  • Lot Frontage: 100 Feet
  • Lot Size: 100 x 82 FT
  • Zoning: A2
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 10

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 1028 JOHNSON STREET, Kingston, Ontario, K7M 2N4

Demographic Information of 1028 JOHNSON STREET, Kingston, Ontario, K7M 2N4

Life Stage

Older Families

Employment Type

Service Sector/White Collar

Average Household Income

$106,244.83

Average Number of Children

1.62

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.0 %

High school certificate or equivalent

34.18 %

Apprenticeship trade certificate/diploma

3.45 %

College/non-university certificate

20.49 %

University certificate (below bachelor)

1.78 %

University Degree

24.12 %

Commuter

Travel To Work

By Car

71.74 %

By Public Transit

19.08 %

By Walking

4.07 %

By Bicycle

1.82 %

By Other Methods

3.29 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

36.19 %

Houses

63.81 %

Own Vs. Rent

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