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New4 days ago

10 PICADILLY Place

Dovercliffe Park/Old University, Guelph

$800,000

Detached|Bungalow
3 | 2 | 4
About this home

Welcome to 10 Picadilly! Tucked away on a quiet cul-de-sac, this versatile property offers a fantastic opportunity for investors, multi-generational living, or buyers looking for a home with future flexibility. The property features a spacious upper residence along with a legal two-bedroom lower accessory apartment, each with its own laundry. The upper unit is currently leased, while the lower apartment is vacant-giving a new owner the option to select their own tenant, occupy the lower unit while benefiting from rental income above, or explore converting the property back into a single-family home. The lower apartment features four large egress windows, while the widened and paved driveway provides parking for four vehicles. Outside, enjoy a large 77' x 124' fully fenced lot with plenty of outdoor space, all in a quiet location close to parks and everyday amenities. Whether you're looking for an income-producing property, an owner-occupied home with a mortgage helper, or a property with the flexibility to adapt to your future needs, 10 Picadilly offers plenty of possibilities.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$5,604
Lot Size77 ft x 124 ft
mls© NumberX13792750
Listed ByKeller Williams Home Group 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%
$4,095
Property tax
$467
Heat allowance
$150
Housing costs
$4,712 / mo

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

Down payment20% · $160,000
25-yr amortization

Income needed

$145,000

gross annual household income

Payment at 4%
$3,367 / mo
Cash down
$160,000

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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