2318 Highway 15 N/A, Kingston

Price: $975,000

4 bedrooms, 2 bathrooms

1,500 - 1,999 sqft

Property Type: Detached

MLS#: X13415256

Waterfront living at its finest, just minutes from Kingston! This beautifully maintained 2006 raised bungalow on Colonel By Lake offers 2 sides of shoreline, breathtaking views, a walkout lower level to patio. Bright open principal rooms, hardwood floors, updated baths, main-floor laundry, and an eat-in kitchen with walkout to the deck make everyday living effortless. The finished lower level offers exceptional space for guests, family, or entertaining, complete with a built-in bar and stunning water views. Comfort and efficiency are key highlights of this home. The propane-fired heating system uses heated glycol to provide both warm, forced-air heating throughout the home and radiant in-floor heat in the basement, creating cozy, even warmth year-round. The hot water tank is owned and supported by both propane and solar. Annual 2025 utility costs were approximately $1,835.50 for hydro and $2,854.57 for propane, while transferable solar panels bring in about $4,300 a year. Outside, enjoy your private space, pergola, 3-bay garage, and beautifully landscaped lot with circular drive. A true year-round waterfront lifestyle property with easy access to 401 and all amenities.

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$975,000 - 2318 Highway 15 N/A, Kingston

Detached for Sale in Kingston

31 days on market

Neighbourhood: 44 - City North of 401

4Beds
2Baths
1,500 - 1,999Sq Ft
Detached
Property Details
MLS Number
X13415256
Property Type
Detached
Status
active
Days on Site
31
Bedrooms
4
Bathrooms
2
Square Feet
1,500 - 1,999 sqft
Neighbourhood
Kingston
Listing Brokerage
ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
Description

Waterfront living at its finest, just minutes from Kingston! This beautifully maintained 2006 raised bungalow on Colonel By Lake offers 2 sides of shoreline, breathtaking views, a walkout lower level to patio. Bright open principal rooms, hardwood floors, updated baths, main-floor laundry, and an eat-in kitchen with walkout to the deck make everyday living effortless. The finished lower level offers exceptional space for guests, family, or entertaining, complete with a built-in bar and stunning water views. Comfort and efficiency are key highlights of this home. The propane-fired heating system uses heated glycol to provide both warm, forced-air heating throughout the home and radiant in-floor heat in the basement, creating cozy, even warmth year-round. The hot water tank is owned and supported by both propane and solar. Annual 2025 utility costs were approximately $1,835.50 for hydro and $2,854.57 for propane, while transferable solar panels bring in about $4,300 a year. Outside, enjoy your private space, pergola, 3-bay garage, and beautifully landscaped lot with circular drive. A true year-round waterfront lifestyle property with easy access to 401 and all amenities.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$5,002.26/mo

Includes CMHC insurance ($27,203)

$
$
5%10%50%

5-yr fixed avg.

Principal: $877,500Interest: $595,974
Mortgage Amount$904,703
Total Interest$595,974
Est. Property Tax$691/mo
Total Cost$1,500,677

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: 44 - City North of 401

Discover 44 - City North of 401

44 - City North of 401 is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in 44 - City North of 401

  • Convenient location in Kingston
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

44 - City North of 401 offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

2318 Highway 15 N/A, Kingston

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,200/mo
Range: $2,720 - $3,680
Cap Rate (ROI)
2.8%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,200
Maintenance Fees-$0
Property Tax (est.)-$691
Insurance (est.)-$203
Net Cash Flow+$2,306

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $650/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Market Position

At 31 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.

Detached Home Advantages

Detached homes in Kingston are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.

Family-Friendly Layout

4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Kingston. Good resale value as demand remains consistent.

About 44 - City North of 401

I know 44 - City North of 401 well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.

Investment Perspective

Looking at this as an investment: Kingston properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $4,063 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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    2318 Highway 15 N/A, Kingston | $975,000 | Battaglia Team