Key Facts
- Listed By:
- KELLER WILLIAMS INSPIRE REALTY, BROKERAGE
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.
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Rooms
- TypeLevelDimensionsFlooring
- KitchenMain13' 5.4" x 10' 7.9"Other
- Laundry roomMain5' 8.8" x 10' 4.7"Other
- BathroomMain5' 2.2" x 7' 7.3"Other
- BedroomMain12' 2" x 12' 4"Other
- BedroomMain12' 8.8" x 11' 4.6"Other
- Bedroom2nd floor19' 7" x 16' 10.7"Other
- Bedroom2nd floor13' 2.6" x 10' 6.3"Other
- Bedroom2nd floor7' 8.5" x 10' 11.8"Other
- Bedroom2nd floor13' 4.6" x 10' 9.5"Other
- Bathroom2nd floor5' 5.3" x 6' 7.1"Other
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Location
512 Johnson St, Kingston, Ontario, K7L 1Z8 Canada
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