$960,000

For sale

125 Municipal Street, Guelph (Dovercliffe Park/Old University) - Single Family for Sale

125 Municipal Street, Guelph (Dovercliffe Park/Old University), Ontario, N1G4R1

7 beds4 baths4 parking47 × 108 ft (5,071 sq ft) lot sizeListed 124 days ago

Overview

This 7-bedroom, 4-bathroom home in Guelph is for sale. Its $960,000 asking price sits right in line with the $960,000 median in Guelph.

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Description

ATTENTION; INVESTORS INVESTORS INVESTORS~ Looking for an Investor that will buy and take over the current Tenants Upstairs and Basement. Welcome to an exceptional investment opportunity in the heart of Guelph, nestled on one of the city's most desirable streets. This is your opportunity to own a lucrative income-generating property. Upstairs and downstairs rented. Very rare Solid All Brick 7 Bedrooms / 4 Washrooms Detached Bungalow - 4 Bedroom Upstairs & 3 Bedrooms In The Basement & Rec Room. ( The extra Rec Room can be used as Study Room/Office ). Basement Has a Walk- Out Door & Separate Entrance. Open-concept Kitchen & Dining with a corridor leading to a big Family Living Room upstairs with a cozy fireplace. This Solid Brick Well Maintained Bungalow Is Located In A quiet Most Sought After Neighborhood Of Guelph with an abundance of walking trails, close to all amenities including the Prestigious University Of Guelph, Highway 6, Downtown, Convenience stores, Parks and a host of other Amenities. This property comes with a big backyard and top patio to chill with friends and family especially in summer . This house is extremely perfect for Investors to generate extra dollars after mortgage. This property is currently generating $6000 plus monthly. With current lower Mortgage it is a win for the investor Buyer. This solid 7 Bedrooms Detached Bungalow will definitely appreciate a lot in the future. This is a great opportunity you do not want to miss. (id:66096)

Property Details

MLS®: X13521010
Property Type: Single Family
Bedrooms: 7
Beds (above / below): 4 above · 3 below
Bathrooms: 4
Parking: 4
Lot Size: 47 × 108 ft (5,071 sq ft)
Frontage: 47 ft
Storeys: 1
Style: Raised bungalow
Basement: Finished, Apartment in basement, Walk out, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $6,202.31/yr

Rooms

Main level

Living room: 18.77 x 15.52 meters
Kitchen: 18.14 x 16.4 meters
Dining room: 18.4 x 16.4 meters
Primary Bedroom: 14.8 x 9.91 meters
Bedroom 2: 13.91 x 8.96 meters
Bedroom 3: 13.09 x 8.96 meters
Bedroom 4: 10.66 x 7.94 meters

Basement

Bedroom
Bedroom
Living room: 10.34 x 10.04 meters
Kitchen: 11.58 x 10.04 meters

Features

Appliances: All, Dishwasher, Dryer, Microwave, Two stoves, Window Coverings, Two Washers, Two Refrigerators
Flooring: Laminate, Ceramic
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

124d

Guelph (Dovercliffe Park/Old University) listings, avg age

68d

List price

$960K

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.

Homes here sell close to asking price

Homes in this market sold for an average of 97.5 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This 7-bed single family in Guelph (Dovercliffe Park/Old University) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by GLOBAL BRICKS EXECUTIVE HOMES REALTY · TOMMY LAWAL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1G)

This home lists at $960,000, about 9.8× the local median household income of $98,000.

Carrying it typically needs a household income of about $187,522 (20% down, 25-yr amortization, stress-tested) — roughly 91% above the area median.

Median household income: $98,000
Population: 29,688
Median age: 37.6
Owner / renter: 65% / 35%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA N1G)

$960,000

For sale

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Full Cost Breakdown

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Down Payment7.40% · $71,000

Min 7.40%50%

Mortgage payment$4,929/mo

↳ CMHC premium ($35,560 capitalized)

Property tax (est.)$517/mo

Total monthly$5,446

Cash Needed to Close

Down payment (7.40%)$71,000

Land transfer tax$15,675

Est. closing costs$5,380

Total cash needed$92,055

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