In this paper the propositional logic LTop is introduced, as an extension of classical propositional logic by adding a paraconsistent negation. This logic has a very natural interpretation in terms of topological models. The logic LTop is nothing more than an alternative presentation of modal logic S4, but in the language of a paraconsistent logic. Moreover, LTop is a logic of formal inconsistency in which the consistency and inconsistency operators have a nice topological interpretation. This constitutes a new proof of S4 as being "the logic of topological spaces", but now under the perspective of paraconsistency.