$1,150,000
Available - For Sale
Listing ID: X13425808
512 Johnson Street , Kingston, K7L 1Z8, Frontenac
| 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. |
| Price | $1,150,000 |
| Taxes: | $6455.00 |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 512 Johnson Street , Kingston, K7L 1Z8, Frontenac |
| Directions/Cross Streets: | Frontenac St. & Albert St. |
| Rooms: | 9 |
| Bedrooms: | 6 |
| Bedrooms +: | 0 |
| Family Room: | T |
| Basement: | Unfinished |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Kitchen | 10.66 | 13.45 | |
| Room 2 | Main | Laundry | 10.04 | 5.74 | |
| Room 3 | Main | Bathroom | 7.61 | 5.18 | |
| Room 4 | Main | Bedroom | 12.33 | 12.17 | |
| Room 5 | Main | Bedroom 2 | 11.38 | 12.07 | |
| Room 6 | Second | Bedroom 3 | 16.89 | 19.58 | |
| Room 7 | Second | Bedroom 4 | 10.53 | 13.22 | |
| Room 8 | Second | Bedroom 5 | 10.99 | 7.71 | |
| Room 9 | Second | Bedroom | 10.79 | 13.38 | |
| Room 10 | Second | Bathroom | 6.59 | 5.44 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | Main |
| Washroom Type 2 | 3 | Second |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 100+ |
| Property Type: | Detached |
| Style: | 2-Storey |
| Exterior: | Aluminum Siding |
| Garage Type: | None |
| Drive Parking Spaces: | 2 |
| Pool: | None |
| Approximatly Age: | 100+ |
| Approximatly Square Footage: | 1500-2000 |
| Property Features: | Park, Public Transit |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | None |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Elevator Lift: | False |
| Sewers: | Sewer |
| Utilities-Cable: | Y |
| Utilities-Hydro: | Y |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| KELLER WILLIAMS INSPIRE REALTY, BROKERAGE |
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At a Glance:
| Type: | Freehold - Detached |
| Area: | Frontenac |
| Municipality: | Kingston |
| Neighbourhood: | 14 - Central City East |
| Style: | 2-Storey |
| Approximate Age: | 100+ |
| Tax: | $6,455 |
| Beds: | 6 |
| Baths: | 2 |
| Fireplace: | N |
| Pool: | None |
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