A Prominent Heritage Estate, Circa 1878, Across From Victoria Park, With Splendid Views of Lake

202 Church Street represents a fine example of Italianate architecture in Ontario.

With its Tuscan tower, classic landscaped gardens and fenced pillars recently built by a master mason with original bricks from its coach house, the property presents itself as a prominent grand home, just steps away from the beach, in the historic Town of Cobourg.

The interior oozes of rich detail and original wood opulence. Large principle rooms, high ceilings, a refinished oak and black-walnut grand staircase, pine and walnut floors, three beautiful marble fireplaces and extensive mouldings throughout fulfill one's expectations of elegant heritage living.

Over the years, each owner has shown their love for this heritage home by contributing time and money to restorations during their life with the house. Over the past four years, the current owner has spent substantially by continuing the heritage renovations, upgrading the wiring and plumbing, adding new fixtures, converting it back to a single family home and completing extensive landscaping and gardens.

In addition to a refreshed kitchen, three of the bathrooms were fully renovated, including converting the master bedroom, with walk-in closets and Tuscany-styled, tumbled marble throughout a beautiful ensuite, with a six-fixture couples shower and deep, spa-style whirlpool tub.

If it's time to pack up and start living in a wonderful, lakefront small town. If you are a connoisseur of Ontario heritage residences and enjoy the ongoing commitment to preserving a unique, special property, or if now is the time to finally open that unique B&B, then perhaps a visit is in order.

Price

The listed price is $859,000 as of February 1, 2012, reduced from its recently-appraised value of about $950,000. The house was last purchased in 2007 for $750,000. Over the past four years, a little more than $200,000 has been spent on renovations, upgrades, additions, gardens and landscaping. The current value assumes only 50% of renovation work is recoverable and the 2007 market price remained constant over the past four years - a generous assumption for potential buyers, which more than compensates for any decline in housing prices due to the receding economy as we go forward in 2012.

Please note that buyers' agents receive standard fees of 2.5%. Buyers without an agent will receive relative consideration in price, thank you. In either case, the listing agent receives their fee.