$949,000

For sale

18 Heritage Drive, Guelph (Kortright East) - Single Family for Sale

18 Heritage Drive, Guelph (Kortright East), Ontario, N1G0B2

4 beds4 baths3 parking1,750 ft²31 × 97 ft (2,959 sq ft) lot sizeListed 42 days ago

Overview

This 4-bedroom, 4-bathroom home in Guelph is for sale offering roughly 1,750 sq ft of space. Listed at $949,000, it is attractively priced about 10% below the $1,049,000 median asking price in Guelph. It has been on the market 42 days, fresher than the Guelph average of 47 days.

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Description

Welcome to 18 Heritage Drive Energy Star Home, Guelph! This beautifully maintained home offers the perfect blend of comfort, convenience, and investment potential. Featuring 3 spacious bedrooms, 2.5 bathrooms, and parking for up to 3 vehicles, this property is ideal for growing families and savvy investors alike. A standout feature of the home is the legal 1-bedroom basement apartment, providing an excellent opportunity for rental income or additional living space for extended family members. Ideally situated on Gordon Street in Guelph, this home is just minutes from the University of Guelph and offers the convenience of a bus stop right at your doorstep. Enjoy easy access to grocery stores, walk-in clinics, shopping centres, restaurants, schools, parks, and all major amenities. Located in the catchment area of some of Guelph's top-rated schools and within walking distance of a beautiful children's playground, this property is perfectly positioned for families seeking quality education and an exceptional lifestyle. Whether you're looking for a family home, an income-generating property, or both, 18 Heritage Drive presents an outstanding opportunity with appx.$4500/month in combined rental income from the upstairs and downstairs,in one of Guelph's most desirable and convenient neighbourhoods. (id:66096)

Property Details

MLS®: X13818076
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 4
Half Baths: 1
Parking: 3
Interior Size: 1,750 ft²
Lot Size: 31 × 97 ft (2,959 sq ft)
Frontage: 31 ft
Storeys: 2
Basement: Finished, Full, Apartment in basement, Separate entrance, N/A, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold
Property Tax: $5,917.86/yr

Rooms

Main level

Kitchen: 5.67 x 2.9 meters
Dining room: 5.67 x 2.9 meters
Living room: 6.4 x 3.08 meters
Bathroom: 1.83 x 1.53 meters

Basement

Bedroom: 3.05 x 3.33 meters
Bathroom: 3.05 x 1.65 meters
Laundry room: 3.05 x 1.65 meters
Kitchen: 4.06 x 2.84 meters
Living room: 4.37 x 2.84 meters

Second level

Features

Appliances: Washer, Water softener, Stove, Dryer, Garage door opener remote(s)
Flooring: Tile, Hardwood, Laminate
Foundation: Concrete
Exterior: Brick
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

42d

Guelph (Kortright East) listings, avg age

47d

Price / ft²

$542

List price

$949K

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 4-bed single family in Guelph (Kortright East) has been listed for 42 days, which is 5 days fresher than the city average of 47. Act while there is still low competition.

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Listed by RE/MAX REAL ESTATE CENTRE INC. · SHITANSHU PATEL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1G)

This home lists at $949,000, about 9.7× the local median household income of $98,000.

Carrying it typically needs a household income of about $185,373 (20% down, 25-yr amortization, stress-tested) — roughly 89% 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)

$949,000· $542/ft²

For sale

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Full Cost Breakdown

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Down Payment7.37% · $69,900

Min 7.37%50%

Mortgage payment$4,874/mo

↳ CMHC premium ($35,164 capitalized)

Property tax (est.)$493/mo

Total monthly$5,367

Cash Needed to Close

Down payment (7.37%)$69,900

Land transfer tax$15,455

Est. closing costs$5,347

Total cash needed$90,702

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