$1,099,900

$1,189,900For salePrice drop↓ $90,000 (8%)

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1028 Johnson Street, Kingston (Central City West) - Multi-family for Sale

1028 Johnson Street, Kingston (Central City West), Ontario, K7M2N4

10 beds5 baths parking

92 Gardiner Street, Kingston (Central City West), Ontario, K7M1A7

6 bd3 ba6 pk2,250 ft²Lot size 51 × 173 ft (8,788 sq ft)

Listed by ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE

1028 Johnson Street, Kingston (Central City West), Ontario, K7M2N4

For salePrice drop

87 days ago

$1.10M$1.19M

↓ $90K (8%) price drop

1028 Johnson Street, Kingston (Central City West), Ontario, K7M2N4

10 bd5 ba10 pkLot size 8,310 sq ft (0.19 ac)

Listed by AXON REAL ESTATE BROKERAGE INC.

717 King Street West, Kingston (Central City West), Ontario, K7M2G3

For sale

139 days ago

$1.80M

717 King Street West, Kingston (Central City West), Ontario, K7M2G3

16 bd7 ba10 pkLot size 75 × 164 ft (12,300 sq ft)

Listed by SUTTON GROUP-HERITAGE REALTY INC.

Investment analysis

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$1,099,900

Kingston

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100 × 82 ft (8,200 sq ft) lot size

Overview

This multi-family property in Kingston is for sale offering roughly 2,750 sq ft of space.

Multi-Family Properties for Sale in Kingston →All real estate in Kingston →

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). (id:66096)

Property Details

MLS®: X13656320
Property Type: Multi-family
Zoning: A2
Bedrooms: 10
Beds (above / below): 10 above · 0 below
Bathrooms: 5
Parking: 10
Interior Size: 2,750 ft²
Lot Size: 100 × 82 ft (8,200 sq ft)
Frontage: 100 ft
Storeys: 2
Basement: Apartment in basement, N/A
Heating: Radiant heat, Natural gas
Cooling: None
Garage: No Garage
Property Tax: $7,545.55/yr
Listed: 87 days ago

Features

Appliances: Water Heater - Tankless, Water Heater
Foundation: Block
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

87d

Kingston (Central City West) listings, avg age

71d

Price / ft²

$400

List price

$1.10M

Homes here sell faster than most markets

Sold homes in this market spent an average of 35 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This 10-bed multi-family in Kingston (Central City West) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by AXON REAL ESTATE BROKERAGE INC. · JOEL MALCOLM

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K7M)

This home lists at $1,099,900, about 14.2× the local median household income of $77,500.

Carrying it typically needs a household income of about $214,849 (20% down, 25-yr amortization, stress-tested) — roughly 177% above the area median.

Median household income: $77,500
Population: 49,268
Median age: 44.4
Owner / renter: 57% / 43%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA K7M)

$1,099,900· $400/ft²

For sale

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Full Cost Breakdown

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Down Payment7.73% · $84,990

Min 7.73%50%

Mortgage payment$5,627/mo

↳ CMHC premium ($40,596 capitalized)

Property tax (est.)$629/mo

Total monthly$6,256

Cash Needed to Close

Down payment (7.73%)$84,990

Land transfer tax$18,473

Est. closing costs$5,800

Total cash needed$109,263

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