Listed by Royal Lepage Real Estate Services Ltd..

1028 Johnson Street is a Multiplex, 2-Storey and is currently for Sale @ $1,299,999. Taxes in 2025 were $7,293.00.

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Well-located corner 5-plex in central Kingston offering reliable rental income with clear upside potential. The 2-Storey on 1028 Johnson Street has 10 bedrooms, 5 bathrooms, and is located on a 82 x 100 ft loton < .50 acres in the community of Central City West . 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.

All existing appliances and ELFs, radiant heating systems, water tanks, on-demand hot water system, exterior garden shed

The address 1028 Johnson Street was listed for sale (MLS# X13002212) on Wednesday, April 15, 2026.