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Listed 2 months ago

404 - 1284 Gordon Street

Kortright East, Guelph

$474,900

Condo Apartment |
3 | 1 | 1 | 1
About this home

Privacy and treed views! Ideally located away from the road and backing onto greenspace and trails, this 3 bedroom suite is the perfect place to start your journey up the property ladder or a great spot for investors looking for value and stability in this vibrant City. Close to the University and all amenities, the south end location is in high demand for students and professionals alike. The premium top floor location offers a quiet living environment with amazing views over the woods offering privacy and the chirping of birds while you relax on the balcony. The open concept layout boasts 9' ceilings and large windows for plenty of natural light. Modern kitchen with island includes stainless appliances and granite counters. Three bedroom layout gives options for kids, roommates or dedicated office space for work-from-home professionals. Upgraded plank flooring for a carpet free lifestyle. Freshly and professionally painted in neutral colour throughout for a move in ready experience. The locker is located on the same floor as the suite for easy access. This newer well managed building has a good balance of young families, professionals, and students with access to all types of amenities including shopping, recreation opportunities, downtown Guelph, and public transit. Lots of shopping and entertainment options nearby. Easy access to the 401 for commuters or take the GO Train to downtown Toronto from nearby Central station. Shows to perfection. Some photos virtually staged.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size800-899 sq. ft.
Maintenance Fees$341
LockerExclusive
BalconyOpen
ExposureNorth
Parking TypeNone
Parking Spaces1
Parking FeaturesSurface
Property Tax$3,691
mls© NumberX13655372
Listed ByROYAL LEPAGE REALTY PLUS
Common Elements Included
Building Insurance Included
Water Included

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%
$2,431
Property tax
$308
Heat allowance
$150
Condo fees, half counted
$171
Housing costs
$3,059 / mo

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

Down payment20% · $94,980
25-yr amortization

Income needed

$94,000

gross annual household income

Payment at 4%
$1,998 / mo
Cash down
$94,980

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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