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Listed 12 days ago

289 SPEEDVALE Avenue E

General Hospital, Guelph

$729,900

Detached|Bungalow
3 | 2 | 8
About this home

Welcome to 289 Speedvale Ave E, charming 3+1-bedroom bungalow offering a finished basement with in-law suite, separate entrance &incredible backyard oasis W/beautiful in-ground pool! Filled with potential, this home presents an exciting opportunity for someone to update the space to reflect their personal style & truly make it their own. Step inside to inviting living room W/hardwood floors, crown moulding & oversized window that fills the space with natural light. Kitchen offers ample counter space & large window above the double sink W/scenic views of the backyard. It flows into the dining area where sliding doors lead to back deck, creating a seamless indoor-outdoor connection that is perfect for everyday living & entertaining. Main floor features 3 bedrooms each W/hardwood floors & large windows, along with a 4pc bathroom featuring a shower/tub. Downstairs the finished basement offers excellent in-law potential with its own separate entrance. Spacious recreation area offers wood stove & multiple windows that bring in lots of natural light. A wet bar could easily be converted into a second kitchen while an add'l bedroom, bathroom & laundry area complete the lower level. With some adjustments this flexible setup could be an excellent opportunity for an investor or buyer looking to create an income suite to help offset the mortgage. New AC adds further peace of mind. Outside the triple-wide driveway provides parking for more than 7 cars. Huge 2-tiered deck overlooks expansive backyard & kidney-shaped in-ground pool surrounded by concrete patio. Mature trees create private setting while a shed offers lots of room for seasonal equip & pool accessories. Short stroll to nearby shopping centre offering groceries, LCBO, pharmacy, fitness & more. Edward Johnson PS, Holy Rosary Catholic School & Bullfrog Pond Park are just around the corner. Royal Recreation Trail & scenic Speed River are also nearby. Downtown is 5-min away W/restaurants, boutiques, nightlife & GO Station

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$6,665
Lot Size80 ft x 106.89 ft
mls© NumberX13757014
Listed ByRE/MAX Real Estate Centre 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%
$3,736
Property tax
$555
Heat allowance
$150
Housing costs
$4,441 / mo

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

Down payment20% · $145,980
25-yr amortization

Income needed

$137,000

gross annual household income

Payment at 4%
$3,072 / mo
Cash down
$145,980

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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