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Listed 1 month ago

2886 Creekford Road

42 - City Northwest, Kingston

$380,000

Detached|Bungalow
3 | 1 | 12
About this home

A rare opportunity in Kingston's west end for the buyer with vision! Situated on approximately one acre in a fantastic location with quick access to Highway 401, shopping, schools and amenities, this unique property offers incredible potential for both business and residential needs. Zoned Light Industrial and currently with a three-bedroom bungalow, this could be an ideal opportunity for someone looking for space to operate a business while also having a residence on the property. The home has been taken back to the studs in preparation for a complete renovation, creating a true blank canvas for the next owner. There is currently no flooring and the interior requires completion, but much of the demolition has already been done -bring your ideas and create a space that works for you. The previous owner had plans prepared for an extensive renovation, which are available for buyers to review and may provide inspiration for what could be created here. The property offers a great combination of privacy, space and accessibility, all within the city and just minutes from the 401.Whether you're a contractor, entrepreneur, investor or someone looking for a property where you can potentially combine your home and business, there are plenty of possibilities to explore. Buyers are encouraged to conduct their own due diligence with the City of Kingston regarding zoning, permitted uses and any proposed renovations or future plans for the property. One acre. Light Industrial zoning. Existing three-bedroom bungalow. An exceptional west-end location and a blank canvas ready for its next chapter.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$3,542
Lot Size203.75 ft x 215 ft
mls© NumberX13749640
Listed ByCENTURY 21 HERITAGE GROUP LTD., BROKERAGE

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$1,945
Property tax
$295
Heat allowance
$150
Housing costs
$2,390 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $76,000
25-yr amortization

Income needed

$74,000

gross annual household income

Payment at 4%
$1,599 / mo
Cash down
$76,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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