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:4069)
Address
512 JOHNSON STREET
List Price
$1,099,000
Property Type
Single Family
Type of Dwelling
House
Transaction Type
Sale
Area
Ontario
Sub-Area
Kingston (central City East)
Bedrooms
6
Bathrooms
2
Floor Area
1500 - 2000 Sq. Ft.
Lot Size
27.5 x 120 FT Sq. Ft.
Lot Depth
120 ft
Frontage Length
27 ft ,6 in
MLS® Number
X13425808
Listing Brokerage
KELLER WILLIAMS INSPIRE REALTY, BROKERAGE
Basement Area
N/A (Unfinished)
Postal Code
K7L1Z8
Ownership
Freehold
Parking Places (Total)
2
Site Influences
Park, Public Transit, Schools, Hospital
Appliances
Water Heater, Dryer, Stove, Washer, Refrigerator
Heat Source
Natural gas
Heat Type
Forced air
Cooling Features
None
Foundation Details
Stone
Number Of Floors In Building
2
Water Source
Municipal water
Sewer
Sanitary sewer
