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Dovercliffe Park/Old University, Guelph
$1,099,900
A versatile property with excellent potential for families, multi-generational living or investors. Centrally located in Guelph and close to the University of Guelph, schools, shopping and everyday amenities, the home also offers convenient access to the Hanlon Expressway and Highway 401. Inside, there is plenty of space for a growing family, while the legal basement apartment provides an opportunity for rental income, extended family or older children. Outside, the large yard offers room for kids and pets, and parking is no issue with space for approximately five to six vehicles plus a heated garage. A well-located home with plenty of space, flexibility and long-term potential.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 31-50 |
| Size | 2000-2500 sq. ft. |
| Property Tax | $7,687 |
| Lot Size | 71 ft x 146 ft |
| mls© Number | X13729666 |
| Listed By | M1 Real Estate Brokerage Ltd |
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%
- $5,630
- Property tax
- $641
- Heat allowance
- $150
- Housing costs
- $6,420 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$198,000
gross annual household income
- Payment at 4%
- $4,629 / mo
- Cash down
- $219,980
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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