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$625,000

206 - 1880 GORDON STREET, Guelph (Pineridge/Westminster Woods), Ontario, N1L 1L8

QuickQuoteTM: $505K - $677K
MLS® # X11991779

1 Beds

1 Bath

999.992 - 1198.9898 FEETSQ sqft

Open House

  • Sat Mar. 15 2:00 PM - 4:00 PM

Property Information:

This condo is a haven of luxury with thoughtful amenities that cater to every aspect of modern living. The kitchen is a striking statement of clean lines and high-end finishes, featuring white cabinetry that rises to meet the ceiling, accented with crown molding that adds a touch of sophistication. The dark granite countertops provide a striking contrast, and the stainless steel appliances, all from Whirlpool, reflect the quality of the amenities. Moving into the living area, the large windows usher in natural light and offer a panoramic view of the surroundings. The hardwood floors add warmth and continuity. The bedroom continues the theme of modern comfort with a large window that makes it bright and airy. Externally, a balcony that serves as a personal oasis, overlooking a serene landscape that promises relaxation. The pet-friendly ethos of the building is manifested outside with a dedicated "Pee Pad" for pets, ensuring comfort and convenience for pet owners. The amenities extend beyond the unit itself, with the 13th-floor lounge featuring a kitchen and pool table, ensuring residents have a space to unwind and socialize. The gym, complete with a cable setup, and the immersive golf simulator provide a comprehensive fitness and entertainment experience. The presence of an on-site building manager and condo manager in the office speaks to the attentive service residents can expect. Located in a vibrant south end community, the building is surrounded by a variety of dining, grocery, and entertainment options, all within a short walk. With the construction of a new high school imminent, the area is poised for growth, enhancing the value and convenience of living in this condo. The proximity to a library, fire station, ambulance outpost, and easy access to the 401, ensure that the residents enjoy both the tranquility of their private space and the benefits of a well-established community (id:27)

Building Features:

  • Style: Apartment
  • Building Type: Apartment
  • Exterior Finish: Brick, Concrete
  • Fireplace: Yes
  • Floor Space: 999.992 - 1198.9898 sqft
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning
  • Appliances: Dryer, Microwave, Stove, Refrigerator

Property Features:

  • OwnershipType: Condominium/Strata
  • Property Type: Single Family
  • Bedrooms: 1
  • Bathrooms: 1
  • Amenities Nearby: Park, Schools
  • Community Features: Pet Restrictions, School Bus
  • Condo Fees: $622 Monthly
  • Features: Balcony
  • Floor Space (approx): 999.992 - 1198.9898 Square Feet
  • MaintenanceFee Type: Insurance, Heat, Water
  • Zoning: R4B-20
  • Parking Type: Underground
  • No. of Parking Spaces: 1

Rooms:

  • Bathroom Main Level 6.00 m x 9.90 m
  • Bedroom Main Level 10.50 m x 12.50 m
  • Dining Main Level 12.50 m x 8.20 m
  • Kitchen Main Level 12.10 m x 12.70 m
  • Laundry Main Level 6.00 m x 5.70 m
  • Living Main Level 12.50 m x 13.00 m
  • Office Main Level 10.70 m x 14.20 m

Convert Measurement to:


Courtesy of: Real Broker Ontario Ltd.

REALTOR.ca  

Potential Investment Performance

Cumulative ROI

61.2%

Cumulative Market Appreciation

$172,675

Net Operating Income in Year 5

$10,830

Cash on Cash Return in Year 5

-11.4%

Assumptions

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
%
$125,000
Mortgage Amount $500,000
Mortgage Payment
%
$2,594

Cash Flow Calculator

monthly
yearly
Income
Gross Rental Income
Powered By
$
Vacancy Rate
%
$
Other
$
Gross Operating Income $1,885
Operating Expenses
Management Fees
%
$
Property Tax
$
Repair Reserve
%
$
Insurance
$
Condo/Strata Fees
$
Total Operating Expenses $1,126
Net Operating Income $758
Debt Service
Mortgage Payment $2,594
Net Cash Flow -$1,835

Cap Rate

1.46%

Acquistion Costs

Down Payment $125,000
Land Transfer Tax $8,975
Legal Fees $1,500
Adjustments $0
Appraisal $500
Total Acquisition Costs $135,975

Components of Return

Potential Returns

Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Investments
Down Payment $125,000 - - - - - - - - -
Closing Costs $10,975 - - - - - - - - -
Mortgage Paydown $7,779$8,153$8,545$8,955$9,386$9,837$10,310$10,805$11,325$11,869
Total $143,754$8,153$8,545$8,955$9,386$9,837$10,310$10,805$11,325$11,869
Cash Invested $143,754$151,907$160,453$169,409$178,795$188,633$198,943$209,749$221,074$232,944
Rental Cash Flows
Rent and other income $22,621$23,299$23,998$24,718$25,460$26,224$27,010$27,821$28,655$29,515
Operating Expenses -$13,516-$13,809-$14,109-$14,416-$14,730-$15,051-$15,379-$15,715-$16,058-$16,408
Mortgage Payment -$31,131-$31,131-$31,131-$31,131-$31,131-$31,131-$31,131-$31,131-$31,131-$31,131
Net Cash Flow -$22,026-$21,641-$21,242-$20,829-$20,401-$19,958-$19,500-$19,025-$18,533-$18,024
Returns
Property Price Appreciation $31,250$32,812$34,453$36,175$37,984$39,883$41,877$43,971$46,170$48,479
Mortgage Paydown $7,779$8,153$8,545$8,955$9,386$9,837$10,310$10,805$11,325$11,869
Net Cash Flow -$22,026-$21,641-$21,242-$20,829-$20,401-$19,958-$19,500-$19,025-$18,533-$18,024
Total Return $17,003$19,324$21,755$24,302$26,969$29,762$32,688$35,752$38,962$42,323
Cumulative Return $17,003$36,327$58,083$82,385$109,354$139,117$171,805$207,557$246,519$288,843
Investment Metrics
Cumulative ROI 11.8% 23.9% 36.2% 48.6% 61.2% 73.8% 86.4% 99.0% 111.5% 124.0%
Cash On Cash -15.3% -14.2% -13.2% -12.3% -11.4% -10.6% -9.8% -9.1% -8.4% -7.7%
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Location of 206 - 1880 GORDON STREET, Guelph (Pineridge/Westminster Woods), Ontario, N1L 1L8

Demographic Information of 206 - 1880 GORDON STREET, Guelph (Pineridge/Westminster Woods), Ontario, N1L 1L8

Life Stage

Young Families

Employment Type

Service Sector/White Collar

Average Household Income

$138,956.45

Average Number of Children

1.69

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

9.5 %

High school certificate or equivalent

22.98 %

Apprenticeship trade certificate/diploma

4.1 %

College/non-university certificate

20.82 %

University certificate (below bachelor)

2.58 %

University Degree

40.02 %

Commuter

Travel To Work

By Car

90.55 %

By Public Transit

3.84 %

By Walking

3.84 %

By Bicycle

0.0 %

By Other Methods

1.77 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

36.42 %

Houses

63.58 %

Own Vs. Rent