41
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$1,150,000
Est. payment /mo
6 Beds
2 Baths
New
512 Johnson ST Kingston, ON K7L 1Z8
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Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision 14 - Central City East
MLS Listing ID X13425808
Style 2-Storey
Bedrooms 6
Annual Tax Amount $6,455
Tax Year 2025
Property Sub-Type Detached
Lot Depth 120.0
Lot Front 27.5
Property Description
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.
Location
Province ON
County Frontenac
Area Frontenac
Rooms
Family Room Yes
Basement Unfinished
Kitchen 1
Interior
Interior Features Water Heater
Cooling None
Fireplace No
Heat Source Gas
Exterior
Pool None
Waterfront Description None
Roof Type Asphalt Shingle
Lot Frontage 27.5
Lot Depth 120.0
Total Parking Spaces 2
Building
Building Age 100+
Unit Features Park,Public Transit,School,Hospital
Foundation Stone
Others
ParcelsYN No
Virtual Tour https://youriguide.com/512_johnson_st_kingston_on/
Listed by KELLER WILLIAMS INSPIRE REALTY, BROKERAGE
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