Home · Buy · Kingston · 1028 Johnson Street, Kingston, ON K7M 2N4
+ 24 photos
For Sale · Multiplex
1028 Johnson Street, Kingston, ON K7M 2N4
Kingston · 18 - Central City West
2-StoreyApartment basementNorth exposure
10
Beds
5
Baths
10
Parking
2500-3000
Sq ft
31-50 yrs
Built
The honest picture
List price
$1,199,000
Renavu Estimate
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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.
Property details
Listed on
May 22, 2026
Days on market
63 days
Property tax
$7,545.55 (2026)
Lot
100 × 82 Feet
Style
2-Storey
Heating
Radiant
MLS®
X13159956
Full details
Parking
GarageNone
Total parking10
Parking featuresPrivate
Property & sold history
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What you actually need in cash — land transfer tax, closing costs, and your down payment.
Purchase price
$
Down payment · 7.9%
$
Down:or type any amount above
This price requires at least 7.9% down (5% on the first $500K, 10% above).
Legal fees
$
Title insurance
$
Home inspection
$
Ontario land transfer tax$20,455
Legal · title · inspection$2,800
Closing costs$23,255
Down payment$94,900
Total cash to close$118,155
Estimates only, not legal or tax advice. Ontario LTT rates 2025; City of Toronto MLTT applies inside Toronto (incl. Scarborough, North York, Etobicoke, York, East York). Durham and Markham buyers pay no municipal LTT.
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