512 Johnson Street, Kingston, ON K7L 1Z8
Kingston, ON, K7L 1Z8 · 14 - Central City East
About this property
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.
Features & Amenities
- Basement: Unfinished
- Garage: None
- Cooling: None
- Heat Type: Forced Air
- Heat Source: Gas
- Style: 2-Storey
- Construction: Aluminum Siding
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Detached |
| Architectural Style | 2-Storey |
| Bedrooms | 6 |
| Bathrooms | 2 |
| Basement | Unfinished |
| Garage | None |
| Parking Spaces | 2 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | None |
| Sewer | Sewer |
| Annual Tax | $6,455 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Water Heater
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Aluminum Siding
- Foundation Details
- Stone
- Roof
- Asphalt Shingle
- Basement
- Unfinished
- Approximate Age
- 100+
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- None
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 2
- Parking Total
- 2.00
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 120.00
- Lot Width
- 27.50
Community & Neighborhood
- Property Features
- Park, Public Transit, School, Hospital
Financial & Tax
- Tax Annual Amount
- $6,455
- Tax Year
- 2025
- Possession Type
- Flexible
- Possession Details
- Flexible
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 9
- Kitchens Above Grade
- 1
- Kitchens Total
- 1
- Bedrooms Above Grade
- 6
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- East
- County Or Parish
- Frontenac
- Cross Street
- Frontenac St. & Albert St.
- Directions
- Sir John A. Macdonald Blvd. to Johnson St.
- Special Designation
- Unknown
- Showing Requirements
- Lockbox
Location
512 Johnson Street, Kingston, ON K7L 1Z8, Kingston, ON, K7L 1Z8