512 JOHNSON STREET, Kingston (Central City East)

2026-06-12
 

Quick Summary

Location
512 JOHNSON STREET, Kingston (Central City East), Ontario K7L1Z8
Price
$1,150,000 CAD
Status:
For Sale
Property Type:
Single Family
Area:
1500 - 2000 sqft
Bedrooms:
6
Bathrooms:
2
Garages:
2
Video Link:

MLS®#X13425808

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. (id:32467)

Property Features

Ammenities Near By

  • Ammenities Near By: Park, Public Transit, Schools, Hospital

Building

  • Appliances: Water Heater, Dryer, Stove, Washer, Refrigerator
  • Basement Development: Unfinished
  • Basement Type: N/A (Unfinished)
  • Construction Style: Detached
  • Cooling Type: None
  • Exterior Finish: Aluminum siding
  • Fireplace: No
  • Interior Size: 1500 - 2000 sqft
  • Building Type: House
  • Stories: 2
  • Utility Water: Municipal water

Land

  • Land Size: 27.5 x 120 FT
  • Sewer: Sanitary sewer

Ownership

  • Type: Freehold

Information entered by KELLER WILLIAMS INSPIRE REALTY, BROKERAGE
Listing information last updated on: 2026-06-10 16:40:46


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$500,000

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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging 5% + HST . Not all agents charge the same.

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