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Listed 10 days ago

130 Speedvale Avenue W

Exhibition Park, Guelph

$729,000

Detached|Backsplit 4
4 | 3 | 4
About this home

A fantastic turn-key investment or ideal starter home with rental income potential! This updated, move-in-ready duplex offers two self-contained living spaces plus something incredibly hard to find in the city, a heated workshop with hydro. Perfect for contractors or tradespeople looking for an in-town shop to store materials, tools and equipment, while also offering excellent space for hobbyists or additional storage. Whether you're looking to live in one unit and offset your mortgage with rental income, add a ready-to-go property to your investment portfolio, or finally get your business out of the garage at home, this property offers a unique combination of flexibility, income potential and workspace. An additional backyard shed provides even more storage. With parking for up to four vehicles, convenient access to public transit, shopping, schools, and everyday amenities, this property offers flexibility that can be hard to find. Live in one unit and rent the other, add it to your investment portfolio, or take advantage of the exceptional workshop setup. Well cared for and move-in ready for its next owner, 130 Speedvale Ave W offers a unique combination of income potential, workspace, and convenience in Guelph. Ask your Realtor to provide you with the list of features and upgrades.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBacksplit 4
Approx. Age51-99
Size1500-2000 sq. ft.
Property Tax$4,836
Lot Size60 ft x 100 ft
mls© NumberX13766106
Listed ByeXp Realty

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%
$3,731
Property tax
$403
Heat allowance
$150
Housing costs
$4,284 / mo

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

Down payment20% · $145,800
25-yr amortization

Income needed

$132,000

gross annual household income

Payment at 4%
$3,068 / mo
Cash down
$145,800

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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