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Price Change$820,000

54 Bailey Avenue

Riverside Park, Guelph

$785,000

Detached|2-Storey
3 | 2 | 3
About this home

OFFERS ANYTIME! Located directly across the street from beautiful Bailey Park, this family-friendly, very safe area is a hidden gem that borders two highly desirable neighbourhoods: Riverside Park and Exhibition Park. 54 Bailey is a 3-bedroom, 2-bath brick home with a great layout that you'll notice as soon as you enter. The open-concept living/dining area is bright and functional, with access to the car garage and the backyard. Upstairs, you'll find 3 bedrooms and a full bath, perfect for a growing family. On the lower level, the basement is fully finished, with a recreation room offering endless possibilities for workout space, a bar, hangout space, and a future rental opportunity. The backyard is fully fenced and private, with a large shed and a flower garden. This home is in the catchment area for the highly desired Victory Public School district and Trillium Waldorf School, and it is a minute's walk to June Avenue Public School. and is just a short walk to Tim Hortons, Rexall, the Beer Store, Exhibition Park, Riverside Park, and many more shops and amenities. Get in while you can, one of the few homes at this price in the area! The key highlights are as follows.Located directly across the street from beautiful Bailey Park.Minutes' walk from Riverside Park.130 meters (less than 1 min walk) to the closest Bus Stop.5 min Drive and 10 min by bus to Guelph Central Station.Less than a 5-minute drive to Guelph General Hospital and St. Joseph's Health Centre, Guelph.Minutes' walk to June Avenue Public School (7.7 Fraser Institute Rating).Walmart, Home Depot, Canadian Tire, Tim Hortons, Rexall, TD Bank, and other key amenities are walkable or within a 3-minute drive.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2-Storey
Approx. Age16-30
Size1100-1500 sq. ft.
Property Tax$4,375
Lot Size29.42 ft x 107.84 ft
mls© NumberX13237990
Listed ByDREAM VALLEY REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,018
Property tax
$365
Heat allowance
$150
Housing costs
$4,533 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $157,000
25-yr amortization

Income needed

$139,000

gross annual household income

Payment at 4%
$3,303 / mo
Cash down
$157,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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