512 Johnson Street

FOR SALE
$1,049,000
512 Johnson Street, Kingston
512 Johnson Street
512 Johnson Street
512 Johnson Street
512 Johnson Street
512 Johnson Street
512 Johnson Street
512 Johnson Street
512 Johnson Street
512 Johnson Street
512 Johnson Street
512 Johnson Street
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6
BEDROOMS
2
BATHROOMS
1
KITCHENS
9
ROOMS
X13425808
MLSID
Contact Us
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.
Property Features
Park, Public Transit, School, Hospital, Water Heater
Property Details
Address
512 Johnson Street
Postal Code
K7L 1Z8
Property Type
Detached, Detached
Lot Size
28' x 120'
Taxes
$6,455 (2025
Basement
Unfinished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
2
Garage Type
None
Listing contracted with Keller Williams Inspire Realty, Brokerage
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