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Listed 11 days ago

978 Edinburgh Road S

Kortright West, Guelph

$1,049,900

Detached|2-Storey
4 | 4 | 6
About this home

INCREDIBLE INVESTMENT OPPORTUNITY NEAR THE UNIVERSITY OF GUELPH! Discover the versatility and potential of this spacious home offering over 2,000 sq. ft. in the main residence, featuring 4 bedrooms plus a separate 2-bedroom lower-level Legal apartment. Whether you're looking for a multi-generational living solution, an opportunity for two families to live comfortably under one roof while maintaining their own private spaces, or a mortgage helper to offset ownership costs, this property offers exceptional flexibility. Its prime location also makes it an attractive option for student housing.Parking is a breeze with a 2-car garage and a large driveway accommodating up to 6 vehicles. Public transit is just steps from your front door, while Zehrs, walking trails, restaurants, and a variety of everyday amenities are all within walking distance.Conveniently located close to the University of Guelph and approximately 20 minutes from Highway 401 access, this property combines space, convenience, and income potential in one desirable package.Live together, earn rental income, or invest in a location that makes sense! Opportunities like this are worth a closer look. Don't miss your chance to explore the possibilities!

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$7,268
Lot Size37.56 ft x 105 ft
mls© NumberX13883310
Listed ByRE/MAX Real Estate Centre 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%
$5,374
Property tax
$606
Heat allowance
$150
Housing costs
$6,130 / mo

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

Down payment20% · $209,980
25-yr amortization

Income needed

$189,000

gross annual household income

Payment at 4%
$4,418 / mo
Cash down
$209,980

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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