1028 Johnson Street

Kingston, Ontario K7M 2N4

10 Bedrooms

5 Bathrooms

10 Parking spaces

8309.73 Ac Lot size

24 days ago Listed

None Radiant Heat Acreage

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About this home

Exceptional investment opportunity with this 5-unit apartment building in a prime Kingston location, just minutes from Queen's University and the downtown core. Each unit features 2 bedrooms and 1 bathroom, with ample on-site surface parking for tenants. The property offers an estimated 36%+ upside in NOI through tenant turnover, along with additional value-add potential by converting the existing storage/laundry room into a sixth residential unit (subject to all required approvals). (id:28469)

Facts & features

Property

MLS® Number: X13656318
Property Type: Multi-family
Community Name: 18 - Central City West
Parking Space Total: 10

Building

Bathroom Total: 5
Bedrooms Total: 10
Age: 31 To 50 Years
Cooling Type: None
Heating Type: Radiant Heat
Type: Multi-family
Utility Water: Municipal Water

Land

Acreage: Yes
Size Depth: 82 Ft
Size Frontage: 100 Ft
Size Irregular: 8309.73
Size Total: 8309.73 Ac
Size Total Text: 8309.73 Ac
Zoning Description: A2

Monthly payment estimate

Home price

Down payment 20%

Interest rate (%)

Amortization

Frequency

Estimated payment — per month

Mortgage amount: —
Total interest: —

Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.

Cost of ownership

Est. monthly payment: $5,269/mo
Ontario land transfer tax: $20,273 one-time

Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.

The Central City West market

57 Active listings

$524,900 Median asking price

127% above median This home

21 days Avg. time on market

Browse all Central City West listings →

Location

1028 Johnson Street, Kingston, Ontario K7M 2N4 · Get directions