$479,900

For sale

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#113 1284 Gordon Street, Guelph (Kortright East) - Single Family for Sale

#113 1284 Gordon Street, Guelph (Kortright East), Ontario, N1L0M8

2 beds2 baths1 parking ft²

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Listed by RE/MAX Real Estate Centre Inc

Investment analysis

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$479,900

Guelph

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Description

Beautifully designed ground floor 2 bedroom, 2 bathroom condo offering over 800 sq. ft. of stylish living space in a prime location. Featuring high-end finishes throughout, this unit boasts a modern kitchen with granite countertops, a spacious living area, and a well-designed layout ideal for comfortable living. Includes a convenient owned locker for additional storage. Perfect for investors or end users alike, this condo is ideally located close to the university, transit, shopping, and all essential amenities-making it a fantastic opportunity with strong rental potential. (id:66096)

Property Details

MLS®: X13734340
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 850 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $341/mo
Fee Includes: Common Area Maintenance
Ownership: Condo/Strata
Property Tax: $3,522/yr
Listed: 64 days ago

Market Timing

Days on market

64d

Guelph (Kortright East) listings, avg age

48d

Price / ft²

$565

List price

$480K

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 $479,900, about 4.2× the local median household income of $114,000.

Carrying it typically needs a household income of about $93,741 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$479,900· $565/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,995

Min 5%50%

Mortgage payment$2,528/mo

↳ CMHC premium ($18,236 capitalized)

Property tax (est.)$294/mo

Condo fee$341/mo

Total monthly$3,162

Cash Needed to Close

Down payment (5%)$23,995

Land transfer tax$6,073

Est. closing costs$3,940

Total cash needed$34,008

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

#113 1284 Gordon Street, Guelph (Kortright East) - Single Family for Sale

Rental cashflow calculator

Description

Property Details

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (N1L)

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