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Dovercliffe Park/Old University, Guelph
$960,000
ATTENTION; INVESTORS INVESTORS INVESTORS~ Looking for an Investor that will buy and take over the current Tenants Upstairs and Basement. Welcome to an exceptional investment opportunity in the heart of Guelph, nestled on one of the city's most desirable streets. This is your opportunity to own a lucrative income-generating property. Upstairs and downstairs rented. Very rare Solid All Brick 7 Bedrooms / 4 Washrooms Detached Bungalow - 4 Bedroom Upstairs & 3 Bedrooms In The Basement & Rec Room. ( The extra Rec Room can be used as Study Room/Office ). Basement Has a Walk- Out Door & Separate Entrance. Open-concept Kitchen & Dining with a corridor leading to a big Family Living Room upstairs with a cozy fireplace. This Solid Brick Well Maintained Bungalow Is Located In A quiet Most Sought After Neighborhood Of Guelph with an abundance of walking trails, close to all amenities including the Prestigious University Of Guelph, Highway 6, Downtown, Convenience stores, Parks and a host of other Amenities. This property comes with a big backyard and top patio to chill with friends and family especially in summer . This house is extremely perfect for Investors to generate extra dollars after mortgage. This property is currently generating $6000 plus monthly. With current lower Mortgage it is a win for the investor Buyer. This solid 7 Bedrooms Detached Bungalow will definitely appreciate a lot in the future. This is a great opportunity you do not want to miss.
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| Type | Detached |
| Style | Bungalow-Raised |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $6,202 |
| Lot Size | 47 ft x 107.88 ft |
| mls© Number | X13521010 |
| Listed By | GLOBAL BRICKS EXECUTIVE HOMES REALTY |
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%
- $4,914
- Property tax
- $517
- Heat allowance
- $150
- Housing costs
- $5,581 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$172,000
gross annual household income
- Payment at 4%
- $4,040 / mo
- Cash down
- $192,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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