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Listed 2 months ago

60A Eastview Road

Grange Road, Guelph

$1,249,999

Detached|Bungalow
3 | 4 | 6
About this home

East Guelph executive bungalow with a built-in mortgage helper! This custom-built home offers style, function, and rare flexibility - including a bright, fully self-contained legal basement apartment that can generate an estimated $2,200/month in rental income, helping offset carrying costs and making homeownership at this level far more attainable. Situated on a 50-foot lot and surrounded by extensive, low-maintenance professional landscaping, this home impresses from the moment you arrive with its stamped concrete driveway and inviting curb appeal. Inside, the main level features beautiful hardwood floors and an open-concept entertainer's layout. The spacious living room boasts a vaulted ceiling and cozy gas fireplace, flowing seamlessly into the gourmet eat-in kitchen with stainless steel appliances, a central island with bar seating, and access to the large rear deck and patio. The main level offers three generous bedrooms - ideal for families or downsizers who still want room for guests. Downstairs, the thoughtfully designed apartment is a true value driver - separate entrance, spacious living areas, full kitchen, in-suite laundry, and carpet-free finishes throughout. Whether used for multigenerational living, an in-law suite, or a steady income stream in retirement, it adds meaningful financial flexibility on top of an already exceptional home. New furnace, AC, and heat exchanger installed April 2024 with transferrable warranty. Set in a prime East Guelph neighbourhood close to parks, trails, amenities, schools, and quick Highway 401 access, this property checks every box for buyers seeking comfort, quality, lifestyle - and a smart financial play!

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$6,569
Lot Size50.2 ft x 122.63 ft
mls© NumberX13536628
Listed ByRoyal LePage Royal City Realty

Listing History

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  • 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%
$6,398
Property tax
$547
Heat allowance
$150
Housing costs
$7,095 / mo

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

Down payment20% · $250,000
25-yr amortization

Income needed

$218,000

gross annual household income

Payment at 4%
$5,260 / mo
Cash down
$250,000

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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