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$914,900

4 Beds

3 Baths

2000 - 2500 FEETSQ

QuickQuoteTM: Not Available

Kingston (City Northwest) ON, K7P 0S1

MLS® # X12015103

Property Information:

The Lakehurst from CaraCo offers 2,250 sq/ft, 4 bedrooms, 2.5 baths and ideally located in Woodhaven! Featuring hardwood, tile and 9ft wall height throughout the main floor. Spacious living room with a gas fireplace, large windows and pot lighting. The kitchen features quartz countertops, centre island, pot lighting, built-in microwave and walk-in pantry adjacent to the dining room with patio doors to the rear yard. The second floor features 4 large bedrooms including the primary bedroom with a large walk-in closet and 5-piece ensuite bathroom with double sinks, tiled shower and soaker tub. All this plus quartz countertops in all bathrooms, a second floor laundry room, high-efficiency furnace, HRV and a basement with 9ft wall height and bathroom rough-in ready for future development. Make this home your own with an included $20,000 Design Centre Bonus. Located in popular Woodhaven West, just steps to parks, future school and close to all west end amenities. Choose this design or any one of our many Summit Series floor plans, ranging from 1,350 to 3,000+ sq/ft. (id:27)

Building Features:

  • Style: Detached
  • Building Type: House
  • Amenities:
  • Basement Development: Unfinished
  • Basement Type: Full
  • Construction Style - Attachment: Detached
  • Exterior Finish: Stone, Vinyl siding
  • Fire Protection: Smoke Detectors
  • Fireplace: Yes
  • Floor Space: 2000 - 2500 sqft
  • Flooring Type: Hardwood
  • Foundation Type: Poured Concrete
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Appliances: Microwave

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 4
  • Bathrooms: 3
  • Half Bathrooms: 1
  • Amenities Nearby: Schools, Public Transit, Park
  • Floor Space (approx): 2000 - 2500 Square Feet
  • Irregular: Yes
  • Lot Depth: 114.0 Feet
  • Lot Frontage: 40.0 Feet
  • Lot Size: 40 x 114 FT
  • Structure Type: Porch
  • Utility Type: Sewer - Installed, Hydro - Installed, Cable - Installed
  • Zoning: UR3.B
  • Sewer: Sanitary sewer
  • Parking Type: Attached garage, Garage
  • No. of Parking Spaces: 4

Rooms:

  • Primary Bedroom 2nd Level 4.65 m x 4.01 m
  • Bedroom 2nd Level 3.15 m x 3.45 m
  • Bedroom 2nd Level 4.39 m x 3.20 m
  • Bedroom 2nd Level 3.07 m x 3.20 m
  • Living Main Level 5.26 m x 3.91 m
  • Kitchen Main Level 5.54 m x 2.79 m
  • Dining Main Level 4.90 m x 2.36 m

Convert Measurement to:


Courtesy of: RE/MAX RISE EXECUTIVES, BROKERAGE

REALTOR.ca  

Real Estate Investing Made Simple: See the RLP InvestorsEdge™ Proforma in Action

Potential Investment Performance

Cumulative ROI

94.8%

Cumulative Market Appreciation

$252,770

Net Operating Income in Year 5

$34,527

Cash on Cash Return in Year 5

-4.3%

Assumptions

The information below is based on user inputs and general assumptions for informational purposes only. The outputs are not legal, financial, investment, or other advice. Review all fields for accuracy and consult an agent for guidance.

Mortgage Calculator

Mortgage
Purchase Price
$
Down Payment
%
$182,980
Mortgage Amount $731,920
Mortgage Payment
%
$3,797

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $3,520
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Total Operating Expenses $1,002
Net Operating Income $2,518
Debt Service
Mortgage Payment $3,797
Net Cash Flow -$1,279

Cap Rate

3.30%

Acquistion Costs

Down Payment $182,980
Land Transfer Tax $14,773
Legal Fees $1,500
Adjustments $0
Appraisal $500
Total Acquisition Costs $199,753

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Down Payment $182,980 - - - - - - - - -
Closing Costs $16,773 - - - - - - - - -
Mortgage Paydown $11,387$11,935$12,508$13,110$13,740$14,400$15,092$15,818$16,578$17,375
Total $211,140$11,935$12,508$13,110$13,740$14,400$15,092$15,818$16,578$17,375
Cash Invested $211,140$223,076$235,584$248,695$262,435$276,835$291,928$307,747$324,325$341,700
Rental Cash Flows
Rent and other income $42,250$43,518$44,823$46,168$47,553$48,980$50,449$51,963$53,521$55,127
Operating Expenses -$12,034-$12,331-$12,636-$12,949-$13,270-$13,599-$13,937-$14,283-$14,638-$15,003
Mortgage Payment -$45,571-$45,571-$45,571-$45,571-$45,571-$45,571-$45,571-$45,571-$45,571-$45,571
Net Cash Flow -$15,355-$14,385-$13,384-$12,352-$11,288-$10,190-$9,059-$7,892-$6,688-$5,447
Returns
Property Price Appreciation $45,745$48,032$50,433$52,955$55,603$58,383$61,302$64,367$67,586$70,965
Mortgage Paydown $11,387$11,935$12,508$13,110$13,740$14,400$15,092$15,818$16,578$17,375
Net Cash Flow -$15,355-$14,385-$13,384-$12,352-$11,288-$10,190-$9,059-$7,892-$6,688-$5,447
Total Return $41,777$45,582$49,558$53,713$58,055$62,593$67,336$72,294$77,476$82,893
Cumulative Return $41,777$87,359$136,918$190,631$248,686$311,279$378,616$450,910$528,386$611,279
Investment Metrics
Cumulative ROI 19.8% 39.2% 58.1% 76.7% 94.8% 112.4% 129.7% 146.5% 162.9% 178.9%
Cash On Cash -7.3% -6.4% -5.7% -5.0% -4.3% -3.7% -3.1% -2.6% -2.1% -1.6%
QuickQuoteTM Powered by RPS

Location of 1391 MONARCH DRIVE, Kingston (City Northwest), Ontario, K7P 0S1

Demographic Information of 1391 MONARCH DRIVE, Kingston (City Northwest), Ontario, K7P 0S1

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$128,086.06

Average Number of Children

1.47

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

6.38 %

High school certificate or equivalent

22.43 %

Apprenticeship trade certificate/diploma

2.34 %

College/non-university certificate

16.18 %

University certificate (below bachelor)

2.62 %

University Degree

50.04 %

Commuter

Travel To Work

By Car

35.93 %

By Public Transit

8.71 %

By Walking

49.03 %

By Bicycle

1.13 %

By Other Methods

5.21 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

70.13 %

Houses

29.87 %

Own Vs. Rent