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New3 days ago

38 Wheeler Avenue

St. Patrick's Ward, Guelph

$1,699,900

Detached|2-Storey
5 | 6 | 5
About this home

Custom 5+1 bdrm, 5.1 bath home W/2-bdrm in-law suite backing onto tree-lined park in one of the city's most convenient locations! Renovated W/major addition completed in 2018 this one-of-a-kind home blends high-end design, functionality, eco-conscious efficiency & flexibility for families, multi-generational living or professional use. Nestled between Downtown, UofG & Innovation District, it offers a park-like setting without sacrificing walkable access. Open-concept living offers 10ft ceilings, heated concrete floors, wood details from original home, oversized European tilt-&-turn windows & clear sightlines to the park. Kitchen W/custom cabinetry, quartz counters, brick backsplash from original home, P/O butcher block, premium appliances & breakfast bar W/seating for 8+. Kitchen flows into dining & living areas while large 12ft sliding doors open to backyard. 2pc bath & W/I closet complete the level. Upstairs primary bdrm with W/I closet & sep dressing room W/custom B/Is & makeup counter. Dbl French tilt-&-turn door opens to covered balcony overlooking backyard & mature trees. Ensuite W/dual-sink vanity, W/I shower, water closet & programmable heated towel rack. 2nd primary bdrm has its own 3pc bath & balcony access. Space can be converted into 2 bdrms if desired! 2 add'l bdrms, 4pc bath & 2nd-floor laundry complete upper level. Original portion of the home has been converted into 2-level, 2-bdrm, 2-bath suite W/sep front ent. Main level W/living room, wet bar, bdrm & 4pc bath. Lower level has rec room, add'l bdrm, 3pc bath &laundry. Set on 62ft lot & backs onto secluded park W/mature trees, new playground & no car access. 2-tier Siberian Larch patio W/covered area & 4 quick-release natural gas hookups plus 5th on upper balcony. Landscaping is low-maintenance & tucked away is fully fenced red brick courtyard. Heated 1.5-car garage W/9ft ceilings & workshop. 15-min walk to Downtown's restaurants, cafés, nightlife, shops, trails, GO Station & 5-min drive to UofG

Extras

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2-Storey
Approx. Age51-99
Size3500-5000 sq. ft.
Property Tax$14,944
Lot Size62 ft x 85.41 ft
mls© NumberX13799664
Listed ByRE/MAX Real Estate Centre Inc

Listing History

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  • 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%
$8,701
Property tax
$1,245
Heat allowance
$150
Housing costs
$10,096 / mo

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

Down payment20% · $339,980
25-yr amortization

Income needed

$311,000

gross annual household income

Payment at 4%
$7,153 / mo
Cash down
$339,980

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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