512 Johnson Street Kingston, Ontario K7L 1Z8
$1,150,000
Welcome to a premium investment opportunity in the heart of downtown Kingston, in one of Canada's most resilient student housing markets! This home is just a 5-minute walk to Queen's University and is a turnkey, low-maintenance asset, featuring 6 bedrooms, 2 bathrooms + 2 rare downtown parking spots. Enjoy peace of mind with significant recent updates, including a brand-new furnace, modern flooring, updated wall finishes, bathroom showers and vanities, a new kitchen countertop/sink, updated lighting, and fresh paint throughout. This home is equipped with new stainless-steel kitchen appliances, including 2 refrigerators. New windows have been ordered and are scheduled for installation at the end of June 2026-fully paid for and completed for the new owner. Current Income: The property is fully leased through April 30, 2027, generating $63,000 annually ($875 per bedroom/month). Tenants are responsible for all utilities, providing predictable cash flow with minimal landlord expenses. Built-In Upside: Current rents are below market, and parking is not currently being charged. There is clear opportunity to substantially increase income through future rent adjustments and the introduction of parking fees. (id:49269)
Property Details
| MLS® Number | X13425808 |
| Property Type | Single Family |
| Neigbourhood | University District |
| Community Name | 14 - Central City East |
| Amenities Near By | Park, Public Transit, Schools, Hospital |
| Parking Space Total | 2 |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 6 |
| Bedrooms Total | 6 |
| Age | 100+ Years |
| Appliances | Water Heater, Dryer, Stove, Washer, Refrigerator |
| Basement Development | Unfinished |
| Basement Type | N/a (unfinished) |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Aluminum Siding |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1,500 - 2,000 Sqft |
| Type | House |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Park, Public Transit, Schools, Hospital |
| Sewer | Sanitary Sewer |
| Size Depth | 120 Ft |
| Size Frontage | 27 Ft ,6 In |
| Size Irregular | 27.5 X 120 Ft |
| Size Total Text | 27.5 X 120 Ft |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom 3 | 5.15 m | 5.97 m | 5.15 m x 5.97 m |
| Second Level | Bedroom 4 | 3.21 m | 4.03 m | 3.21 m x 4.03 m |
| Second Level | Bedroom 5 | 3.35 m | 2.35 m | 3.35 m x 2.35 m |
| Second Level | Bedroom | 3.29 m | 4.08 m | 3.29 m x 4.08 m |
| Second Level | Bathroom | 2.01 m | 1.66 m | 2.01 m x 1.66 m |
| Main Level | Kitchen | 3.25 m | 4.1 m | 3.25 m x 4.1 m |
| Main Level | Laundry Room | 3.06 m | 1.75 m | 3.06 m x 1.75 m |
| Main Level | Bathroom | 2.32 m | 1.58 m | 2.32 m x 1.58 m |
| Main Level | Bedroom | 3.76 m | 3.71 m | 3.76 m x 3.71 m |
| Main Level | Bedroom 2 | 3.47 m | 3.68 m | 3.47 m x 3.68 m |
Utilities
| Cable | Installed |
| Electricity | Installed |
| Sewer | Installed |
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June 10 2026 04:40:46
Kingston & Area Real Estate Association
Keller Williams Inspire Realty, Brokerage