$649,999

312 - 332 GOSLING GARDENS, Guelph (Clairfields/Hanlon Business Park), Ontario, N1L 0P8

QuickQuote^TM: $546K - $733K

MLS® # X11888038

2 Beds

2 Baths

999.992 - 1198.9898 FEETSQ sqft

MULTIMEDIA

Property Information:

Discover this modern 2-bedroom, 2-bathroom condo in Guelphs sought-after south end. The open-concept layout features a sleek kitchen with stainless steel appliances, ample cabinetry, and a spacious island perfect for cooking and entertaining. The primary bedroom offers a generous layout, large windows, and a private ensuite with a spacious shower and contemporary finishes. The second bedroom is ideal for guests, a home office, or a growing family. The second bathroom features a bright, modern design with a tub and stylish fixtures. Enjoy abundant natural light from the large windows throughout the home and relax on the expansive balcony with space for outdoor seating. This condo also includes 2 underground parking spots for convenience and security. Building amenities feature an exercise room, a gorgeous outdoor patio area, and a social room perfect for gatherings and relaxation. Located near shopping, dining, parks, schools, and transit, this home blends modern living with unbeatable convenience. (id:27)

Building Features:

Style: Apartment
Building Type: Apartment
Amenities: Separate Heating Controls, Separate Hydro Meters, Storage - Locker
Exterior Finish: Brick, Stone
Fire Protection: Controlled entry, Smoke Detectors
Floor Space: 999.992 - 1198.9898 sqft
Foundation Type: Poured Concrete
Heating Type: Forced air
Heating Fuel: Electric
Cooling Type: Central air conditioning
Appliances: Garage door opener remote, Dishwasher, Dryer, Freezer, Garage door opener, Microwave, Oven, Hood Fan, Range, Washer, Window Coverings, Refrigerator

Property Features:

OwnershipType: Condominium/Strata
Property Type: Single Family
Bedrooms: 2
Bathrooms: 2
Amenities Nearby: Public Transit
Community Features: Pet Restrictions
Condo Fees: $899 Monthly
Features: Lighting, Balcony, In suite Laundry
Floor Space (approx): 999.992 - 1198.9898 Square Feet
Landscape Features: Landscaped, Lawn sprinkler
MaintenanceFee Type: Common Area Maintenance, Insurance
Zoning: RH.7
Parking Type: Underground
No. of Parking Spaces: 2

Rooms:

Living Main Level 4.89 m x 4.49 m
Kitchen Main Level 2.88 m x 4.19 m
Bedroom Main Level 3.05 m x 3.04 m
Bathroom Main Level 1.50 m x 3.04 m
Primary Bedroom Main Level 4.17 m x 3.78 m
Bathroom Main Level 2.57 m x 2.01 m

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Rating:

Notes:

Andra Arnold

Broker Royal LePage Royal City Realty , Brokerage*

Direct 519.824.9050

My Website

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Potential Investment Performance

Cumulative ROI

71.0%

Cumulative Market Appreciation

$179,582

Net Operating Income in Year 5

$15,244

Cash on Cash Return in Year 5

-9.3%

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 %	$130,000
Mortgage Amount	$519,999
Mortgage Payment %	$2,698

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$2,554

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Condo/Strata Fees	$
Total Operating Expenses	$1,482
Net Operating Income	$1,071

Debt Service
Mortgage Payment	$2,698

Net Cash Flow	-$1,626

Cap Rate

1.98%

Acquistion Costs

Down Payment $130,000

Land Transfer Tax $9,474

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $141,474

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	$130,000	-	-	-	-	-	-	-	-	-
Closing Costs	$11,474	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$8,090	$8,479	$8,887	$9,314	$9,761	$10,231	$10,722	$11,238	$11,778	$12,344
Total	$149,564	$8,479	$8,887	$9,314	$9,761	$10,231	$10,722	$11,238	$11,778	$12,344
Cash Invested	$149,564	$158,044	$166,931	$176,245	$186,007	$196,238	$206,961	$218,199	$229,977	$242,322

Rental Cash Flows
Rent and other income	$30,657	$31,577	$32,524	$33,500	$34,505	$35,540	$36,606	$37,705	$38,836	$40,001
Operating Expenses	-$17,794	-$18,181	-$18,578	-$18,983	-$19,397	-$19,820	-$20,253	-$20,696	-$21,149	-$21,612
Mortgage Payment	-$32,376	-$32,376	-$32,376	-$32,376	-$32,376	-$32,376	-$32,376	-$32,376	-$32,376	-$32,376
Net Cash Flow	-$19,513	-$18,981	-$18,430	-$17,859	-$17,268	-$16,656	-$16,023	-$15,368	-$14,690	-$13,987

Returns
Property Price Appreciation	$32,499	$34,124	$35,831	$37,622	$39,503	$41,479	$43,553	$45,730	$48,017	$50,418
Mortgage Paydown	$8,090	$8,479	$8,887	$9,314	$9,761	$10,231	$10,722	$11,238	$11,778	$12,344
Net Cash Flow	-$19,513	-$18,981	-$18,430	-$17,859	-$17,268	-$16,656	-$16,023	-$15,368	-$14,690	-$13,987
Total Return	$21,077	$23,623	$26,288	$29,077	$31,997	$35,053	$38,252	$41,600	$45,105	$48,774
Cumulative Return	$21,077	$44,700	$70,988	$100,066	$132,063	$167,116	$205,368	$246,969	$292,074	$340,849

Investment Metrics
Cumulative ROI	14.1%	28.3%	42.5%	56.8%	71.0%	85.2%	99.2%	113.2%	127.0%	140.7%
Cash On Cash	-13.0%	-12.0%	-11.0%	-10.1%	-9.3%	-8.5%	-7.7%	-7.0%	-6.4%	-5.8%