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Listed 11 days ago

187 College Street

14 - Central City East, Kingston

$849,000

Detached|2-Storey
5 | 2 | 4
About this home

College Street splits with Churchill Crescent just south of Johnson. The pair remind me of a river navigating around immovable bedrock as it makes for the lake. It collects itself again by the time it reaches Hill Street, but that loop (like a knot in a rope, a ring on a finger) contains some of Kingston's finest properties. 187 College is a stately four-bedroom brick home on the north-east corner of that circle. On the market for the first time since 1974 (the house was built in 1948) there are four sprawling bedrooms on the second floor, two full bathrooms, a finished basement with rec room and laundry, two (yes two!) sunrooms at the back, a simple garage, and a collection of faded wall-to-wall carpets spread like the wings of mid-century butterflies. You'll remove those is my guess, as part of a general reworking of these gracious spaces. And they really should film that rejuvenation, the bringing of new life onto one of the street's bigger properties, on one of its most generous, pretty lots. There is a main-floor office (or bedroom) and family room too, and a pull-down ladder reveals a large attic space for your overflow and your development dreams. My first time in the house I recall being momentarily alone in the 25-foot-deep living room, with the old fireplace to my left and a mile of hardwood between me and the distant library shelves. A hot morning sun was working through the trees behind the house. It felt that anything and everything was possible. It felt I was peering through a clear lens into a brilliant future. I would pay good money to hold onto that sensation. And when you visit, when you pause in one room or another to register exactly where you are, and what you can do here, I am convinced you will feel the same way.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. Age51-99
Size2000-2500 sq. ft.
Property Tax$10,630
Lot Size45 ft x 148.75 ft
mls© NumberX13876018
Listed ByCENTURY 21 HERITAGE GROUP LTD., BROKERAGE

Listing History

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  • 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%
$4,346
Property tax
$886
Heat allowance
$150
Housing costs
$5,381 / mo

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

Down payment20% · $169,800
25-yr amortization

Income needed

$166,000

gross annual household income

Payment at 4%
$3,573 / mo
Cash down
$169,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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