$1,599,000

For sale

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280 FARLEY Drive, Guelph - Single Family for Sale

280 FARLEY Drive, Guelph, Ontario, N1L1N6

6 beds5 baths6 parking ft²

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4 bd3 ba3 pk1,934 ft²

Listed by RE/MAX Real Estate Centre Inc., Brokerage

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For saleJust listed

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4 bd3 ba4 pk2,240 ft²

Listed by Re/Max Real Estate Centre Inc.

Investment analysis

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$1,599,000

Guelph

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Description

Welcome to 280 Farley Drive, a recently updated family home backing onto green space in Guelph's desirable south end. Offering 2,954 sq. ft. above grade, this well-designed home features a main-floor office, formal dining room, and inviting family room. Upstairs, you'll find four generous bedrooms, providing plenty of space for a growing family. The fully finished basement includes a separate entrance and a self-contained 2 BED LEGAL APARTMENT, ideal for extended family or rental income. Situated on a premium 50 x 140 ft lot with parking for six vehicles, this property offers the perfect combination of space, functionality, privacy, recent updates, and income potential. (id:66096)

Property Details

MLS®: 40863801
Property Type: Single Family
Zoning: RL.2
Bedrooms: 6
Beds (above / below): 4 above · 2 below
Bathrooms: 5
Half Baths: 1
Parking: 6
Interior Size: 4,302 ft²
Frontage: 56 ft
Year Built: 2003
Storeys: 2
Style: A-Frame
Basement: Finished, Full
Heating: Forced air
Cooling: Central air conditioning
Garage: Attached Garage
Ownership: Freehold
Property Tax: $9,686/yr
Listed: 50 days ago

Rooms

Basement

Bedroom: 12'2'' x 10'5''
Bedroom: 12'9'' x 10'6''
4pc Bathroom: 4'10'' x 8'6''
3pc Bathroom: 5'9'' x 7'4''

Second level

Primary Bedroom: 18'4'' x 16'5''
Bedroom: 11'3'' x 11'0''
Bedroom: 13'6'' x 13'0''
Bedroom: 12'0'' x 12'9''
5pc Bathroom: 11'9'' x 8'11''
4pc Bathroom: 5'0'' x 12'2''

Main level

Family room: 13'0'' x 15'6''
Laundry room: 7'4'' x 5'8''
2pc Bathroom: 2'8'' x 7'0''

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Market Timing

Days on market

50d

Guelph listings, avg age

63d

Price / ft²

$372

List price

$1.60M

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.

Area context

Neighbourhood profile (N1L)

This home lists at $1,599,000, about 14.0× the local median household income of $114,000.

Carrying it typically needs a household income of about $312,341 (20% down, 25-yr amortization, stress-tested) — roughly 174% above the area median.

Median household income: $114,000
Population: 17,474
Median age: 34.8
Owner / renter: 75% / 25%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA N1L)

$1,599,000· $372/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $319,800

Min 20%50%

Mortgage payment$6,819/mo

Property tax (est.)$807/mo

Total monthly$7,627

Cash Needed to Close

Down payment (20%)$319,800

Land transfer tax$28,455

Est. closing costs$7,297

Total cash needed$355,552

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

280 FARLEY Drive, Guelph - Single Family for Sale

Rental cashflow calculator

Description

Property Details

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Neighbourhood profile (N1L)

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