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Listed 12 days ago

541 Starwood Drive

Grange Road, Guelph

$990,000

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

Welcome to this beautifully upgraded home offering the perfect blend of style, comfort, and income potential. Featuring a legal one-bedroom basement apartment with a separate entrance, this property provides an excellent opportunity to help offset mortgage costs.A stamped concrete driveway and upgraded entrance create impressive curb appeal. Step inside to a dramatic 20-ft ceiling highlighted by a striking 10-ft modern chandelier. The open-concept living, dining, and kitchen areas are designed for both everyday living and entertaining, featuring hardwood flooring, a stunning accent wall, coffered ceiling, granite countertops, high-end appliances, ample cabinetry, and a walk-in pantry.The second floor offers three generously sized bedrooms, including a spacious primary ensuite with a European-style shower. All three bathrooms have been thoughtfully upgraded with modern finishes and fixtures.Enjoy the large backyard, perfect for morning coffee, outdoor dining, or relaxing evenings. Additional upgrades include a 200-amp electrical panel and EV-ready capability.The professionally finished legal basement apartment features one bedroom, one bathroom, a separate entrance, and high-end appliances, providing a functional and attractive secondary living space.A move-in-ready home combining luxury upgrades, functional design, and valuable rental income potential.

Extras

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Contact Jonathan directly.

agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$6,681
Lot Size30.29 ft x 113.83 ft
mls© NumberX13753392
Listed ByGET HOME REALTY 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%
$5,067
Property tax
$557
Heat allowance
$150
Housing costs
$5,774 / mo

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

Down payment20% · $198,000
25-yr amortization

Income needed

$178,000

gross annual household income

Payment at 4%
$4,166 / mo
Cash down
$198,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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