$949,988

1011 - 1880 GORDON STREET, Guelph (Pineridge/Westminster Woods), Ontario, N1L 1G7

QuickQuote^TM: Not Available

MLS® # X11928773

2 Beds

2 Baths

1599.9864 - 1798.9853 FEETSQ sqft

MULTIMEDIA

Property Information:

Experience the Pinnacle of Luxury Living in Guelph's South End. Elevate your lifestyle in this stunning 2-bedroom+den corner suite, nestled in one of Guelph's most esteemed buildings. With its seamless blend of modern convenience and upscale design, this exclusive residence offers the ultimate living experience. Sophisticated Living Spaces, Expansive open-concept entertaining with high ceilings and spacious principal rooms, a Gourmet Kitchen with modern cabinetry, exquisite countertops, and top-tier stainless steel appliances. Spacious living room with upgraded hardwood floors, crown moulding, and massive windows. Private den/sunroom with breathtaking views and inspiring workspace. Luxurious amenities include a state-of-the-art gym/fitness centre, an elegant lounge area with a bar area, billiards, and an outdoor terrace. Golf simulation room with bar and finally a beautiful guest suite. A fabulous place to call home. (id:27)

Building Features:

Style: Apartment
Building Type: Apartment
Amenities: Exercise Centre, Party Room, Storage - Locker
Exterior Finish: Concrete
Fire Protection: Controlled entry, Smoke Detectors, CO2 Detector
Fireplace: Yes
Floor Space: 1599.9864 - 1798.9853 sqft
Foundation Type: Concrete, Poured Concrete
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: All

Property Features:

OwnershipType: Condominium/Strata
Property Type: Single Family
Bedrooms: 2
Bathrooms: 2
Amenities Nearby: Public Transit
Community Features: Pet Restrictions
Condo Fees: $908 Monthly
Features: Lighting, Balcony, In suite Laundry
Floor Space (approx): 1599.9864 - 1798.9853 Square Feet
Landscape Features: Landscaped, Lawn sprinkler
MaintenanceFee Type: Heat, Water, Common Area Maintenance, Insurance
View Type: City view
Zoning: 4B-20, R
Parking Type: Underground, Covered
No. of Parking Spaces: 2

Rooms:

Primary Bedroom Main Level 4.29 m x 4.85 m
2nd Bedroom Main Level 3.56 m x 3.20 m
Family Main Level 4.98 m x 4.47 m
Kitchen Main Level 4.29 m x 4.85 m
Dining Main Level 3.94 m x 3.73 m
Den Main Level 3.48 m x 2.87 m
Laundry Main Level 2.01 m x 1.63 m

Convert Measurement to:

Courtesy of: Realty Executives Edge Inc

More Detail

Less Detail

Potential Investment Performance

Cumulative ROI

55.9%

Cumulative Market Appreciation

$262,464

Net Operating Income in Year 5

$13,498

Cash on Cash Return in Year 5

-12.5%

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 %	$189,998
Mortgage Amount	$759,990
Mortgage Payment %	$3,943

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	$1,617
Net Operating Income	$937

Debt Service
Mortgage Payment	$3,943

Net Cash Flow	-$3,005

Cap Rate

1.18%

Acquistion Costs

Down Payment $189,998

Land Transfer Tax $15,474

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $207,472

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	$189,998	-	-	-	-	-	-	-	-	-
Closing Costs	$17,474	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$11,824	$12,392	$12,988	$13,612	$14,267	$14,952	$15,671	$16,424	$17,214	$18,041
Total	$219,296	$12,392	$12,988	$13,612	$14,267	$14,952	$15,671	$16,424	$17,214	$18,041
Cash Invested	$219,296	$231,689	$244,678	$258,291	$272,558	$287,511	$303,182	$319,607	$336,821	$354,863

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	-$19,407	-$19,827	-$20,256	-$20,695	-$21,143	-$21,601	-$22,070	-$22,549	-$23,039	-$23,540
Mortgage Payment	-$47,319	-$47,319	-$47,319	-$47,319	-$47,319	-$47,319	-$47,319	-$47,319	-$47,319	-$47,319
Net Cash Flow	-$36,069	-$35,569	-$35,050	-$34,513	-$33,957	-$33,380	-$32,782	-$32,163	-$31,522	-$30,858

Returns
Property Price Appreciation	$47,499	$49,874	$52,368	$54,986	$57,735	$60,622	$63,653	$66,836	$70,178	$73,687
Mortgage Paydown	$11,824	$12,392	$12,988	$13,612	$14,267	$14,952	$15,671	$16,424	$17,214	$18,041
Net Cash Flow	-$36,069	-$35,569	-$35,050	-$34,513	-$33,957	-$33,380	-$32,782	-$32,163	-$31,522	-$30,858
Total Return	$23,254	$26,698	$30,305	$34,085	$38,045	$42,195	$46,542	$51,097	$55,869	$60,870
Cumulative Return	$23,254	$49,953	$80,258	$114,344	$152,390	$194,585	$241,127	$292,225	$348,095	$408,965

Investment Metrics
Cumulative ROI	10.6%	21.6%	32.8%	44.3%	55.9%	67.7%	79.5%	91.4%	103.3%	115.2%
Cash On Cash	-16.4%	-15.4%	-14.3%	-13.4%	-12.5%	-11.6%	-10.8%	-10.1%	-9.4%	-8.7%