$1,150,000
12.35 BTC
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Map
512 Johnson Street, Kingston
$1,150,000
PRICE
6
BEDROOMS
2
BATHROOMS
X13425808
MLSID

512 Johnson Street, Kingston

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.
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Summary

Address
512 Johnson Street
MLSID
X13425808
Property Type
Detached
Property Category
Bedrooms
6
Bathrooms
2
Kitchens
1
Taxes (Annual)
$6,455.00
Tax Year
2025
Published
June 10, 2026
Days on Market
17 Days
Possession Type
Flexible
Possession Details
Flexible
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Inclusions

Refrigerator x 2, stove, washer, dryer

Exclusions

Tenant belongings

Details

Property Features
Park, Public Transit, School, Hospital
Bathroom 1
3-Piece Main Level
Bathroom 2
3-Piece Second Level
Basement
Unfinished
Interior Features
Water Heater
Parking Spaces
2
Parking Total
2
Architectural Style
2-Storey
Roof
Asphalt Shingle
Construction Materials
Aluminum Siding
Lot Width
28 Feet
Lot Depth
120 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Listing Contracted with KELLER WILLIAMS INSPIRE REALTY, BROKERAGE
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