$775,000

1001 - 1878 GORDON STREET, Guelph (Pineridge/Westminster Woods), Ontario, N1L 0P4

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MLS® # X11996863

2 Beds

2 Baths

999.992 - 1198.9898 FEETSQ sqft

MULTIMEDIA

Property Information:

Welcome to this stunning 10th-floor condo, offering nearly 1,200 sq. ft. of beautifully designed living space with south-facing views. This 2-bedroom, 2-bathroom home boasts a rare and highly coveted 2 parking spaces, making it a true standout in this building! Step inside to discover a bright and airy open-concept layout, featuring a modern kitchen with a generous breakfast bar and a pantry, perfect for extra storage. The dining and living room combo is designed for both comfort and entertaining, complete with a cozy fireplace to create the perfect ambiance. Both bedrooms are thoughtfully positioned off the main hallway, ensuring privacy and a functional flow. The primary suite offers ample closet space and an ensuite bath, while the second bedroom is perfect for guests, a home office, or additional living space. Practicality meets convenience with in-suite laundry and additional storage located right at the front entrance, making day-to-day living effortless. Step outside onto your private balcony, where you can unwind and soak in the expansive, unobstructed views.This sought-after building also offers incredible amenities, including a golf simulator, a full gym, and an exclusive owners' lounge. Located within walking distance to grocery stores, restaurants, and everyday essentials, with a quick and easy connection to Highway 401, this is the perfect home for both commuters and those who love the convenience of city living. Don't miss out on this incredible opportunity! (id:27)

Building Features:

Style: Apartment
Building Type: Apartment
Amenities: Exercise Centre, Party Room
Exterior Finish: Concrete
Fireplace: Yes
Floor Space: 999.992 - 1198.9898 sqft
Heating Type: Forced air
Cooling Type: Central air conditioning

Property Features:

OwnershipType: Condominium/Strata
Property Type: Single Family
Bedrooms: 2
Bathrooms: 2
Amenities Nearby: Public Transit, Schools
Community Features: Pet Restrictions, Community Centre
Condo Fees: $694 Monthly
Features: Balcony, Carpet Free, In suite Laundry
Floor Space (approx): 999.992 - 1198.9898 Square Feet
MaintenanceFee Type: Heat, Common Area Maintenance, Water, Insurance
View Type: View
Parking Type: Underground, Garage
No. of Parking Spaces: 2

Rooms:

Bathroom Main Level 1.51 m x 2.92 m
Bathroom Main Level 3.05 m x 2.53 m
2nd Bedroom Main Level 3.05 m x 4.17 m
Dining Main Level 3.65 m x 2.71 m
Foyer Main Level 1.70 m x 3.05 m
Kitchen Main Level 3.65 m x 2.93 m
Laundry Main Level 2.74 m x 1.82 m
Living Main Level 3.33 m x 4.13 m
Primary Bedroom Main Level 2.97 m x 6.35 m

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Rating:

Notes:

Johanna Speers

Sales Representative Royal LePage Royal City Realty , Brokerage*

Office:519.824.9050

Fax:519.824.5183

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Jennifer Henderson

Sales Representative Royal LePage Royal City Realty , Brokerage*

Office:519.824.9050

Fax:519.824.5183

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Potential Investment Performance

Cumulative ROI

69.2%

Cumulative Market Appreciation

$214,118

Net Operating Income in Year 5

$17,235

Cash on Cash Return in Year 5

-9.7%

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 %	$155,000
Mortgage Amount	$620,000
Mortgage Payment %	$3,216

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	$1,329
Net Operating Income	$1,225

Debt Service
Mortgage Payment	$3,216

Net Cash Flow	-$1,991

Cap Rate

1.90%

Acquistion Costs

Down Payment $155,000

Land Transfer Tax $11,975

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $168,975

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	$155,000	-	-	-	-	-	-	-	-	-
Closing Costs	$13,975	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$9,646	$10,110	$10,596	$11,105	$11,639	$12,198	$12,784	$13,399	$14,043	$14,718
Total	$178,621	$10,110	$10,596	$11,105	$11,639	$12,198	$12,784	$13,399	$14,043	$14,718
Cash Invested	$178,621	$188,731	$199,327	$210,433	$222,072	$234,270	$247,055	$260,455	$274,498	$289,217

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	-$15,955	-$16,305	-$16,664	-$17,031	-$17,406	-$17,790	-$18,182	-$18,584	-$18,994	-$19,414
Mortgage Payment	-$38,603	-$38,603	-$38,603	-$38,603	-$38,603	-$38,603	-$38,603	-$38,603	-$38,603	-$38,603
Net Cash Flow	-$23,900	-$23,331	-$22,742	-$22,134	-$21,504	-$20,852	-$20,178	-$19,482	-$18,761	-$18,016

Returns
Property Price Appreciation	$38,750	$40,687	$42,721	$44,857	$47,100	$49,455	$51,928	$54,525	$57,251	$60,113
Mortgage Paydown	$9,646	$10,110	$10,596	$11,105	$11,639	$12,198	$12,784	$13,399	$14,043	$14,718
Net Cash Flow	-$23,900	-$23,331	-$22,742	-$22,134	-$21,504	-$20,852	-$20,178	-$19,482	-$18,761	-$18,016
Total Return	$24,495	$27,466	$30,575	$33,829	$37,235	$40,801	$44,534	$48,442	$52,533	$56,816
Cumulative Return	$24,495	$51,962	$82,537	$116,366	$153,602	$194,404	$238,938	$287,381	$339,914	$396,730

Investment Metrics
Cumulative ROI	13.7%	27.5%	41.4%	55.3%	69.2%	83.0%	96.7%	110.3%	123.8%	137.2%
Cash On Cash	-13.4%	-12.4%	-11.4%	-10.5%	-9.7%	-8.9%	-8.2%	-7.5%	-6.8%	-6.2%