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Commercial listings / Investment / For sale

1028 Johnson Street, Kingston, ON K7M 2N4

$1,099,900

1028 Johnson Street, Kingston, ON K7M 2N4, photo 11028 Johnson Street, Kingston, ON K7M 2N4, photo 21028 Johnson Street, Kingston, ON K7M 2N4, photo 31028 Johnson Street, Kingston, ON K7M 2N4, photo 41028 Johnson Street, Kingston, ON K7M 2N4, photo 51028 Johnson Street, Kingston, ON K7M 2N4, photo 6
Property type
Investment
Transaction
For sale
Location
Kingston, Frontenac
Building area
0 Acres
Lot size
8309.73 Feet
MLS® number
X13656318

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).

Listing brokerage: AXON REAL ESTATE BROKERAGE INC.

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