512 Johnson ST, Kingston, ON K7L 1Z8
512 Johnson ST, Kingston, ON K7L 1Z8
512 Johnson ST, Kingston, ON K7L 1Z8
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Jenny Lam

Jenny Lam

+1(647) 931-9788
$1,150,000
Est. payment /mo
6 Beds
2 Baths
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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

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

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Listed by KELLER WILLIAMS INSPIRE REALTY, BROKERAGE

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Jenny Lam

Jenny Lam

+1(647) 931-9788

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