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New6 days ago

40 Bishop Court

Dovercliffe Park/Old University, Guelph

$839,000

Detached|Bungalow-Raised
3 | 2 | 3
About this home

Welcome to this beautifully maintained raised bungalow offering over 1,250 sq. ft. of living space plus a fully finished lower level, all set on an impressive lot stretching over 150' deep! The bright and spacious main floor features updated hardwood flooring throughout the living and dining rooms. Just off the dining area is a charming sunroom overlooking the expansive backyard, which provides a wonderful spot to relax with your morning coffee. Three generously sized bedrooms and a 4-piece bathroom complete the main level. The fully finished lower level adds plenty of additional living space and features a large recreation room highlighted by a brick corner gas fireplace. With a 3-piece bathroom just down the hall, this space also offers excellent flexibility for a fourth bedroom, guest suite or additional family living area. Convenient inside access from the attached garage is another great feature. Situated in a mature neighbourhood surrounded by large trees, you'll enjoy convenient access to the Hanlon Expressway, excellent schools, the University of Guelph and all the shopping, restaurants and amenities Guelph's south end has to offer. A spacious home, an exceptional backyard and a convenient location all in one well-maintained property!

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow-Raised
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$5,933
Lot Size51.26 ft x 152 ft
mls© NumberX13781712
Listed ByRoyal LePage Royal City 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%
$4,294
Property tax
$494
Heat allowance
$150
Housing costs
$4,939 / mo

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

Down payment20% · $167,800
25-yr amortization

Income needed

$152,000

gross annual household income

Payment at 4%
$3,531 / mo
Cash down
$167,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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