10 Bedroom
5 Bathroom
2,500 - 3,000 ft2
None
Radiant Heat
$1,299,999
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:50976)
Open House
This property has open houses!
Starts at:
1:00 pm
Ends at:
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Property Details
|
MLS® Number
|
X13002212 |
|
Property Type
|
Multi-family |
|
Community Name
|
18 - Central City West |
|
Parking Space Total
|
10 |
Building
|
Bathroom Total
|
5 |
|
Bedrooms Above Ground
|
10 |
|
Bedrooms Total
|
10 |
|
Age
|
31 To 50 Years |
|
Amenities
|
Separate Electricity Meters |
|
Appliances
|
Water Heater - Tankless, Water Heater |
|
Basement Features
|
Apartment In Basement |
|
Basement Type
|
N/a |
|
Cooling Type
|
None |
|
Exterior Finish
|
Brick |
|
Foundation Type
|
Block |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Radiant Heat |
|
Stories Total
|
2 |
|
Size Interior
|
2,500 - 3,000 Ft2 |
|
Type
|
Other |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
82 Ft |
|
Size Frontage
|
100 Ft |
|
Size Irregular
|
100 X 82 Ft |
|
Size Total Text
|
100 X 82 Ft|under 1/2 Acre |
|
Zoning Description
|
A2 |
https://www.realtor.ca/real-estate/29608821/1028-johnson-street-kingston-central-city-west-18-central-city-west
