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New5 days ago

386 Grange Road

Grange Road, Guelph

$879,000

Detached|2 1/2 Storey
3 | 4 | 5
About this home

This beautifully maintained 3-bedroom detached home features a bright, open-concept main floor and a spacious finished loft-ideal as a family room, home office, teen retreat, or potential 4th bedroom. A major highlight is the legal 1-bedroom LEGAL basement apartment with a separate entrance, currently rented for $1,600/month plus 40% of utilities. Vacant possession is available if required. Upgrades include renovated bathrooms, LED lighting, heat pump (2023), furnace (2020), upgraded attic insulation (2023), window blinds (2023), and a centralized humidifier (2023). The legal basement is equipped with a fire-sprinkler system and interconnected hardwired smoke alarms. Enjoy the spacious backyard, complete with a professionally installed interlocking patio-perfect for relaxing and entertaining. Close to shopping, schools, parks, banks, and major routes, this move-in-ready home offers exceptional value. Book your showing before it's gone! Please note: Some listing photos have been virtually enhanced. Audio/video surveillance devices may be present and operating on the property.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2 1/2 Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$6,037
Lot Size37.44 ft x 152 ft
mls© NumberX13786180
Listed ByHOUSESIGMA 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%
$4,499
Property tax
$503
Heat allowance
$150
Housing costs
$5,152 / mo

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

Down payment20% · $175,800
25-yr amortization

Income needed

$159,000

gross annual household income

Payment at 4%
$3,699 / mo
Cash down
$175,800

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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