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New4 days ago

27 Aspen Valley Crescent

Kortright West, Guelph

$799,999

Detached|Bungalow
2 | 2 | 5
About this home

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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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age31-50
Size700-1100 sq. ft.
Property Tax$6,374
Lot Size52 ft x 108 ft
mls© NumberX14089970
Listed ByColdwell 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.

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

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 check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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