$824,900
Guelph
116 Doyle Drive, Guelph (Clairfields/Hanlon Business Park), Ontario, N1G5B4
This 3-bedroom, 2-bathroom home in Guelph is for sale offering roughly 900 sq ft of space. Listed at $824,900, it is attractively priced about 6% below the $875,000 median asking price in Guelph. It has been on the market 50 days, fresher than the Guelph average of 59 days.
Affordability continues to be a concern for those looking to get into the housing market, and rightfully so. Getting into the market can be tough - lower priced homes can come with a list of required updates, tough locations, and more risk than they are worth. If this sounds like your experience - you should look closer at this opportunity. With a legal purpose built accessory apartment, this home pays the owner $1775/month - cash. Imagine adding that to the top line of your income. A $4,000 monthly mortgage commitment just dropped 40%. Modern construction quality, updated, well maintained, and in a dynamite location - a quiet corner lot in Guelph's popular South End. Schools, shopping, and transit are all steps from your front door, with access to Hwy 6 and the 401. The people who land in this pocket tend to stay. This corner lot on a quiet street means fewer neighbours looking into your backyard, full sun on the deck, parking for 3 cars including an insulated garage, and enough room left over for guests. That combination is hard to find. Onto the important stuff. No fancy 'in law' language - this bungalow has 2 legal units, and it's designed with owner occupancy in mind. The basement apartment was professionally finished with permits in 2016 - separate side entrance, self-contained laundry, soundproofing, and ample storage. It doesn't feel like an afterthought, because it wasn't one. It's been rented and it works. The upper unit has 2 bedrooms, main floor living, rear deck and yard, and has 160 square feet of additional storage and laundry space. Home gym, office, overflow - you name it. What you're really buying here is flexibility. Live up, rent down, and let the asset work while you do. Or hold it fully as an investment - we can help with that. Either way, by the time you move in, you will be walking to dinner and collecting a monthly raise. This is a well-built, income-generating home in a part of the city that people keep choosing. Book a viewing. LiveHere. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 50 days on market, against an average age of 59 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 38 days on the market over the past year, against a median of 48 days across the markets we publish.
This 3-bed single family in Guelph (Clairfields/Hanlon Business Park) has been listed for 50 days, which is 9 days fresher than the city average of 59. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $824,900, about 8.4× the local median household income of $98,000.
Carrying it typically needs a household income of about $161,132 (20% down, 25-yr amortization, stress-tested) — roughly 64% above the area median.
Source: Statistics Canada, 2021 Census (FSA N1G)
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.