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Listed 1 month ago

236 SUMMERFIELD Drive

Pineridge/Westminster Woods, Guelph

$1,099,000

Detached|2-Storey
3 | 4 | 6
About this home

Stunning South End 2 Storey Home Offering 3 Spacious Bedrooms Plus A Legal 1 Bedroom Walk Out Basement Apartment, Currently Tenanted At $1,800/month. The Main Floor Features Hardwood Flooring, Pot Lights, Modern White Kitchen With Quartz Countertops, And Powder Room, And A Bright Family Room With High Ceiling, Gas Fireplace, And Large Windows. Walk Out From The Dinette To Stained Deck Overlooking A Beautiful Nature Trail. Enjoy Your Morning Coffee On The Spacious Front Porch. The Upper Level Includes A Spacious Primary Bedroom With Walk In Closet And Private 5-piece Ensuite, Plus Second Bedroom With Walk In Closet And A Skylit 4 Piece Bathroom. The Legal Basement Apartment Offers A Separate Walk Out Entrance, Full Kitchen, Living Room, And 4 Piece Bath Ideal For Rental Income Or Extended Family. Recent Updates Include Roof (2016), Living Room Flooring (2018), Furnace (2020), Stone Patio (2020), And Central Air (2021). Located In A Highly Desirable South End Neighbourhood Close To Schools, Parks, Shopping, And All Amenities. Walk To Sir Isaac Brock Public School And St. Ignatius Of Loyola Catholic School, With The New South Guelph Secondary School Opening Nearby This September. A Perfect Family Home With Built-in Income Potential!

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2-Storey
Approx. Age16-30
Size2000-2500 sq. ft.
Property Tax$8,219
Lot Size40 ft x 105 ft
mls© NumberX13651104
Listed ByRE/MAX REALTY SPECIALISTS 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%
$5,625
Property tax
$685
Heat allowance
$150
Housing costs
$6,460 / mo

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

Down payment20% · $219,800
25-yr amortization

Income needed

$199,000

gross annual household income

Payment at 4%
$4,625 / mo
Cash down
$219,800

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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