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New3 days ago

9 Point Crescent

28 - City SouthWest, Kingston

$1,499,000

Detached|Bungaloft
3 | 2 | 3
About this home

A RARE OPPORTUNITY: A RESIDENTIAL COTTAGE WITH 51 FEET OF WATERFRONT WITHIN KINGSTON, WITH FULL MUNICIPAL SERVICES. ON A CUL-DE-SAC OF HIGHLY DESIRABLE REDDENDALE NEIGHBOURHOOD, WALKABLE TO LOCAL SCHOOL AND SEVERAL PARKS, MINUTES FROM DOWNTOWN VIA PUBLIC TRANSIT. WAKE TO THE SOUND OF CHIRPING BIRDS. WALKOUT TO POINT PLEASANT BAY FOR WATER SPORTS. ENTERTAIN GUESTS WITH A NATURAL GAS COOKTOP FOR GOURMET MEALS AND AN OUTDOOR NATURAL GAS HOOKUP FOR UNLIMITED GRILLING. ENJOY SPECTACULAR SUNSETS FROM THE PANORAMIC BAY WINDOW AND PRIVATE 50-FOOT DOCK. RELAX AT THE END OF EACH DAY WITH COZY FIREPLACES AND AN OVERSIZED STEAM SHOWER. RECENT RENOVATIONS INCLUDE SAFETY UPGRADES, UPDATED KITCHEN, BOILER SYSTEM, AND ENGINEERED RETAINING WALL. YOLO.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungaloft
Approx. Age16-30
Size1100-1500 sq. ft.
Property Tax$7,697
Lot Size40 ft x 161 ft
mls© NumberX14088076
Listed ByRE/MAX FINEST REALTY INC., 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%
$7,673
Property tax
$641
Heat allowance
$150
Housing costs
$8,464 / mo

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

Down payment20% · $299,800
25-yr amortization

Income needed

$260,000

gross annual household income

Payment at 4%
$6,308 / mo
Cash down
$299,800

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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