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$1,099,900

1028 Johnson Street

Central City West, Kingston · MLS® X13656318

10510

8,310 sq ft lot · House · Multi-family · 76 days on market

listed by JOEL MALCOLM, AXON REAL ESTATE BROKERAGE INC.

realtor's description

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).

property details

type: House, Multi-family
bedrooms: 10
bathrooms: 5
lot: 8,310 sq ft
parking: 10
property tax: $7,546 / yr
days on market: 76
MLS®: X13656318

monthly cost

$5,421/mo

Mortgage $4,792 · Tax $629

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$4,792/ monthly

loan $879,920

25-year amortization

down payment20% · $219,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $557,728
cash to close: $219,980; down payment; transfer tax and fees not included
total paid: $1,437,648

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

location

Central City West, KingstonGoogle Maps ↗

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