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Listed 20 days ago

527 Stone Road E

York/Watson Industrial Park, Guelph

$2,199,000

Detached|1 1/2 Storey
3 | 2 | 6
About this home

Strategically located close to the corner of Stone Road and Victoria Rd this 1 plus acre rectangular parcel is in the City of Guelph Innovation District for future development and city expansion. Currently proposed for hi density 6- 8 storey multiuse.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style1 1/2 Storey
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$6,919
Lot Size150 ft x 350 ft
mls© NumberX13726916
Listed ByColdwell Banker Neumann Real Estate

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%
$11,255
Property tax
$577
Heat allowance
$150
Housing costs
$11,982 / mo

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

Down payment20% · $439,800
25-yr amortization

Income needed

$369,000

gross annual household income

Payment at 4%
$9,254 / mo
Cash down
$439,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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