$1,324,900

21 - 254 GOSLING GARDENS, Guelph (Clairfields/Hanlon Business Park), Ontario, N1L 0M4

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MLS® # X11975749

3 Beds

4 Baths

1999.983 - 2248.9813 FEETSQ sqft

Property Information:

Welcome to 254 Gosling Garden Unit #21, Guelph! This stunning Thomasfield-built townhome offers over 2,200 sqft of luxurious living space in Guelph's desirable South End. The open-concept layout and tasteful decor are sure to impress. The beautiful kitchen features a gas stove and large island that leads to a covered patio, perfect for entertaining. Upstairs, you'll find two large bedrooms, a 4-piece bathroom, and a laundry room. The primary bedroom boasts a massive walk-in closet and ensuite. The finished WALK-OUT basement, currently used as a media room, provides additional space for family gatherings or relaxation. This impeccably designed home is within walking distance of all the South End's amenities. It truly is a must-see! (id:27)

Building Features:

Style: Townhouse
Building Type: Row / Townhouse
Basement Development: Finished
Basement Type: N/A
Exterior Finish: Brick, Vinyl siding
Floor Space: 1999.983 - 2248.9813 sqft
Foundation Type: Poured Concrete
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning, Air exchanger
Appliances: Water meter, Water softener, Dishwasher, Dryer, Microwave, Stove, Washer, Refrigerator

Property Features:

OwnershipType: Condominium/Strata
Property Type: Single Family
Bedrooms: 3
Bathrooms: 4
Half Bathrooms: 1
Community Features: Pet Restrictions
Condo Fees: $360 Monthly
Features: Lighting, Balcony
Floor Space (approx): 1999.983 - 2248.9813 Square Feet
Landscape Features: Landscaped
MaintenanceFee Type: Insurance, Common Area Maintenance
Structure Type: Deck, Porch
Zoning: R.3A-45
Parking Type: Attached garage, Garage
No. of Parking Spaces: 4

Rooms:

Bathroom 2nd Level 3.23 m x 2.45 m
Bathroom 2nd Level 3.23 m x 3.61 m
Bedroom 2nd Level 3.76 m x 4.48 m
Bedroom 2nd Level 3.68 m x 4.25 m
Laundry 2nd Level 2.40 m x 1.93 m
Primary Bedroom 2nd Level 4.90 m x 5.35 m
Bathroom Basement Level 1.89 m x 1.99 m
Cellar/Cold Room Basement Level 2.88 m x 2.45 m
Recreation Room Basement Level 8.01 m x 6.02 m
Utility Basement Level 4.49 m x 1.80 m
Bathroom Main Level 2.10 m x 0.86 m
Dining Main Level 4.00 m x 2.63 m
Kitchen Main Level 4.01 m x 3.40 m
Living Main Level 4.26 m x 6.03 m

Convert Measurement to:

Courtesy of: Coldwell Banker Neumann Real Estate

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Potential Investment Performance

Cumulative ROI

60.7%

Cumulative Market Appreciation

$366,045

Net Operating Income in Year 5

$22,476

Cash on Cash Return in Year 5

-11.5%

Assumptions

Market Appreciation Per Year

Rent Increase Per Year

Expense Increase Per Year

The information below is based on user inputs and general assumptions for informational purposes only. The outputs are not legal, financial, investment, or other advice. Review all fields for accuracy and consult an agent for guidance.

Mortgage Calculator

Mortgage
Purchase Price	$
Down Payment %	$264,980
Mortgage Amount	$1,059,920
Mortgage Payment %	$5,499

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$2,874

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Condo/Strata Fees	$
Total Operating Expenses	$1,258
Net Operating Income	$1,616

Debt Service
Mortgage Payment	$5,499

Net Cash Flow	-$3,883

Cap Rate

1.46%

Acquistion Costs

Down Payment $264,980

Land Transfer Tax $22,973

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $289,953

Components of Return

Potential Returns

	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7	Year 8	Year 9	Year 10
Investments
Down Payment	$264,980	-	-	-	-	-	-	-	-	-
Closing Costs	$24,973	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$16,491	$17,283	$18,114	$18,985	$19,897	$20,854	$21,856	$22,906	$24,007	$25,161
Total	$306,444	$17,283	$18,114	$18,985	$19,897	$20,854	$21,856	$22,906	$24,007	$25,161
Cash Invested	$306,444	$323,728	$341,842	$360,827	$380,725	$401,579	$423,436	$446,342	$470,350	$495,512

Rental Cash Flows
Rent and other income	$34,492	$35,526	$36,592	$37,690	$38,821	$39,985	$41,185	$42,421	$43,693	$45,004
Operating Expenses	-$15,099	-$15,437	-$15,782	-$16,136	-$16,497	-$16,867	-$17,246	-$17,633	-$18,030	-$18,435
Mortgage Payment	-$65,993	-$65,993	-$65,993	-$65,993	-$65,993	-$65,993	-$65,993	-$65,993	-$65,993	-$65,993
Net Cash Flow	-$46,601	-$45,904	-$45,183	-$44,439	-$43,670	-$42,875	-$42,054	-$41,206	-$40,330	-$39,425

Returns
Property Price Appreciation	$66,245	$69,557	$73,035	$76,686	$80,521	$84,547	$88,774	$93,213	$97,874	$102,767
Mortgage Paydown	$16,491	$17,283	$18,114	$18,985	$19,897	$20,854	$21,856	$22,906	$24,007	$25,161
Net Cash Flow	-$46,601	-$45,904	-$45,183	-$44,439	-$43,670	-$42,875	-$42,054	-$41,206	-$40,330	-$39,425
Total Return	$36,134	$40,936	$45,965	$51,232	$56,748	$62,525	$68,576	$74,913	$81,551	$88,504
Cumulative Return	$36,134	$77,071	$123,037	$174,270	$231,018	$293,544	$362,121	$437,035	$518,586	$607,091

Investment Metrics
Cumulative ROI	11.8%	23.8%	36.0%	48.3%	60.7%	73.1%	85.5%	97.9%	110.3%	122.5%
Cash On Cash	-15.2%	-14.2%	-13.2%	-12.3%	-11.5%	-10.7%	-9.9%	-9.2%	-8.6%	-8.0%