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Listed 20 days ago

127 Jacob Street

, Cambridge

$2,599,999

Detached|2 1/2 Storey
5 | 3 | 17
About this home

One of Preston's most historically significant residences, 127 Jacob Street is a landmark 19th-century estate commanding a prominent position atop historic Kress Hill. Built c. 1845 for Jacob K. Erb, a member of one of Preston's prominent early families, this distinguished home has overlooked the community for more than 180 years. Set on an expansive, beautifully treed property, it offers a remarkable sense of privacy and space within the city. Inside, impressive proportions and period character define the home, with high ceilings, deep window sills, generous halls, large windows and beautifully scaled principal rooms designed for both everyday living and entertaining. Five bedrooms and three bathrooms provide abundant space for family and guests. Beyond the residence, mature trees and established gardens create a private setting for outdoor living, while a substantial detached carriage house adds another exceptional element, offering valuable space for vehicles, a workshop, studio or future possibilities. Despite the estate-like setting, downtown Preston, the Speed River, trails, shops, restaurants and amenities are just minutes away. Offering history, architectural character, expansive grounds and a carriage house in the heart of the city, 127 Jacob Street is a property of extraordinary distinction. The home you have waited for. Potential to sever a large section of the lot. Home Inspection available upon request.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2 1/2 Storey
Approx. Age100+
Size3500-5000 sq. ft.
Property Tax$15,833
Lot Size393.72 ft x 279.81 ft
mls© NumberX13789362
Listed ByROYAL LEPAGE SIGNATURE REALTY

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%
$13,308
Property tax
$1,319
Heat allowance
$150
Housing costs
$14,777 / mo

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

Down payment20% · $520,000
25-yr amortization

Income needed

$455,000

gross annual household income

Payment at 4%
$10,941 / mo
Cash down
$520,000

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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