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Kortright West, Guelph
$799,999
Solid bungalow with legal accessory apartment! Sitting on a mature, tree-lined street in an established neighbourhood, this thoughtfully updated bungalow offers the perfect combination of comfortable living and income potential! Lovingly maintained and showing beautifully, the bright and spacious main level features approximately 1,000 square feet of living space, two bedrooms, a stylish updated kitchen, modern finishes and carpet-free flooring. Beautiful stone driveway and walkways add to the home's curb appeal, while the fully fenced backyard, complete with a deck, providing a wonderful space to relax, entertain or enjoy some privacy. The fully self-contained accessory apartment offers an incredible opportunity to offset your mortgage or accommodate extended family. With its own full kitchen, bathroom, separate entrance, dedicated laundry, separate hydro service and thoughtfully designed sound-insulating ceilings, this bright lower-level space offers comfort and independence. Even better, the apartment is currently tenanted and generating $2,100 per month in rental income! The tenants also enjoy their own dedicated outdoor sitting area and side yard, creating a great setup for both households. With four bedrooms, two full kitchens, two bathrooms, separate laundry facilities and outdoor spaces for both units, this is a property that offers flexibility for today and possibilities for tomorrow. Whether you're looking to live upstairs and enjoy the benefits of rental income, accommodate family or add to your investment portfolio, 27 Aspen Valley is a fantastic opportunity! Located minutes to the U of G, steps to LCBO, Shoppers Drug Mart, Stone Road Mall and minutes all the amenities you could need!
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 31-50 |
| Size | 700-1100 sq. ft. |
| Property Tax | $6,374 |
| Lot Size | 52 ft x 108 ft |
| mls© Number | X14089970 |
| Listed By | Coldwell Banker Neumann Real Estate |
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
- $531
- Heat allowance
- $150
- Housing costs
- $4,776 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$147,000
gross annual household income
- Payment at 4%
- $3,367 / mo
- Cash down
- $160,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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