$715,000

For sale

289 SPEEDVALE Avenue East, Guelph - Single Family for Sale

289 SPEEDVALE Avenue East, Guelph, Ontario, N1E1M8

4 beds2 baths8 parking2,400 ft²Listed 27 days ago

Overview

This 4-bedroom, 2-bathroom home in Guelph is for sale offering roughly 2,400 sq ft of space. Listed at $715,000, it is attractively priced about 12% below the $812,250 median asking price in Guelph. It has been on the market 27 days, fresher than the Guelph average of 62 days.

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Description

Welcome to 289 Speedvale Ave E, charming 3+1-bedroom bungalow offering a finished basement with in-law suite, separate entrance & incredible backyard oasis W/beautiful in-ground pool! Filled with potential, this home presents an exciting opportunity for someone to update the space to reflect their personal style & truly make it their own. Step inside to inviting living room W/hardwood floors, crown moulding & oversized window that fills the space with natural light. Kitchen offers ample counter space & large window above the double sink W/scenic views of the backyard. It flows into the dining area where sliding doors lead to back deck, creating a seamless indoor-outdoor connection that is perfect for everyday living & entertaining. Main floor features 3 bedrooms each W/hardwood floors & large windows, along with a 4pc bathroom featuring a shower/tub. Downstairs the finished basement offers excellent in-law potential with its own separate entrance. Spacious recreation area offers wood stove & multiple windows that bring in lots of natural light. A wet bar could easily be converted into a second kitchen while an add'l bedroom, bathroom & laundry area complete the lower level. With some adjustments this flexible setup could be an excellent opportunity for an investor or buyer looking to create an income suite to help offset the mortgage. New AC adds further peace of mind. Outside the triple-wide driveway provides parking for more than 7 cars. Huge 2-tiered deck overlooks expansive backyard & kidney-shaped in-ground pool surrounded by concrete patio. Mature trees create private setting while a shed offers lots of room for seasonal equip & pool accessories. Short stroll to nearby shopping centre offering groceries, LCBO, pharmacy, fitness & more. Edward Johnson PS, Holy Rosary Catholic School & Bullfrog Pond Park are just around the corner. Royal Recreation Trail & scenic Speed River are also nearby. Downtown is 5-min away W/restaurants, boutiques, nightlife & GO Station (id:66096)

Property Details

MLS®: 40869632
Property Type: Single Family
Zoning: R1B
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 2
Parking: 8
Interior Size: 2,400 ft²
Frontage: 80 ft
Year Built: 1960
Storeys: 1
Style: Bungalow
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage
Fireplace: Yes
Pool

Rooms

Basement

Recreation room: 11'2'' x 37'11''
3pc Bathroom
Bedroom: 8'3'' x 8'8''

Main level

Bedroom: 8'11'' x 10'11''
Bedroom: 10'5'' x 11'4''
4pc Bathroom
Primary Bedroom: 10'11'' x 12'6''
Kitchen: 8'3'' x 11'6''
Dining room: 8'2'' x 11'11''
Living room: 12'0'' x 16'6''

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

Features

Appliances: Washer, Refrigerator, Water softener, Dishwasher, Stove, Dryer, Window Coverings
Foundation: Poured Concrete
Exterior: Brick
Lot Features: Paved driveway

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

27d

Guelph listings, avg age

62d

Price / ft²

$298

List price

$715K

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 has been listed for 27 days, which is 35 days fresher than the city average of 62. Act while there is still low competition.

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Listed by Re/Max Real Estate Centre Inc. · Bradley Wylde

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1E)

This home lists at $715,000, about 7.4× the local median household income of $96,000.

Carrying it typically needs a household income of about $139,665 (20% down, 25-yr amortization, stress-tested) — roughly 45% above the area median.

Median household income: $96,000
Population: 44,799
Median age: 38.4
Owner / renter: 74% / 26%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA N1E)

$715,000· $298/ft²

For sale

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Full Cost Breakdown

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Down Payment6.50% · $46,500

Min 6.50%50%

Mortgage payment$3,706/mo

↳ CMHC premium ($26,740 capitalized)

Property tax (est.)$555/mo

Total monthly$4,262

Cash Needed to Close

Down payment (6.50%)$46,500

Land transfer tax$10,775

Est. closing costs$4,645

Total cash needed$61,920

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