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Ontario
Guelph (Village By The Arboretum)
51 CHERRY BLOSSOM CIRCLE

$869,900

51 CHERRY BLOSSOM CIRCLE, Guelph (Village By The Arboretum), Ontario, N1G 4X7

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MLS® # X11911848

1+1 Beds

2 Baths

1199.9898 - 1398.9887 FEETSQ sqft

MULTIMEDIA

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Property Information:

Welcome to 51 Cherry Blossom Circle in the Village by the Arboretum. This beautifully maintained detached bungalow is located in a superior location, just across from the village clubhouse. Featuring a functional & spacious layout with inviting hardwood floors, this home is ideal for comfortable, easy living. Key features include a primary bedroom with a 4-piece ensuite for your convenience and privacy, an office space perfect for remote work/ hobbies or an additional den, and a 2-piece powder room for added functionality. The front living room boasts stunning hardwood floors, offering a cozy and stylish space while the updated white kitchen provides modern appeal with ample storage and prep space. Towards the back of the home, you'll find wonderful family & dining space, featuring gorgeous hardwood floors, a gas fireplace, and vaulted ceilings that create an open and airy atmosphere. Enjoy effortless indoor-outdoor living with a walk-out to the rear patio. Heading downstairs you'll enjoy a finished basement including a spacious rec room, additional guest bedroom, and utility/storage space, offering plenty of room to entertain or add additional living space. You'll appreciate a variety of amenities such as a clubhouse, fitness center, pool, game rooms, walking trails, and more. In addition, you'll enjoy the ease of a maintenance-free lifestyle, as landscaping and snow removal are taken care of for you. This is a wonderful opportunity to make this vibrant retirement community your new home. Contact us today to arrange a showing and experience the comfort and convenience this home and its surroundings have to offer! (id:27)

Building Features:

Style: Detached
Building Type: Other
Amenities:
Architectural Style: Bungalow
Basement Development: Finished
Basement Type: N/A
Exterior Finish: Vinyl siding, Brick
Fireplace: Yes
Floor Space: 1199.9898 - 1398.9887 sqft
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Garage door opener remote, Water softener, Dryer, Stove, Washer, Window Coverings, Refrigerator

Property Features:

OwnershipType: Condominium/Strata
Property Type: Single Family
Bedrooms: 1+1
Bathrooms: 2
Half Bathrooms: 1
Community Features: Pet Restrictions
Condo Fees: $766 Monthly
Floor Space (approx): 1199.9898 - 1398.9887 Square Feet
MaintenanceFee Type: Insurance, Common Area Maintenance
Parking Type: Attached garage
No. of Parking Spaces: 2

Rooms:

Bedroom Basement Level 4.75 m x 3.61 m
Recreation Room Basement Level 8.65 m x 5.12 m
Office Main Level 3.54 m x 3.19 m
Primary Bedroom Main Level 4.60 m x 4.45 m
Bathroom Main Level 1.82 m x 1.45 m
Bathroom Main Level 2.39 m x 1.65 m
Family Main Level 6.10 m x 4.49 m
Kitchen Main Level 3.04 m x 3.56 m
Living Main Level 4.93 m x 3.84 m

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Courtesy of: Planet Realty Inc

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Potential Investment Performance

Cumulative ROI

72.0%

Cumulative Market Appreciation

$240,337

Net Operating Income in Year 5

$20,854

Cash on Cash Return in Year 5

-9.1%

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 %	$173,980
Mortgage Amount	$695,920
Mortgage Payment %	$3,610

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$2,972

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Condo/Strata Fees	$
Total Operating Expenses	$1,484
Net Operating Income	$1,487

Debt Service
Mortgage Payment	$3,610

Net Cash Flow	-$2,123

Cap Rate

2.05%

Acquistion Costs

Down Payment $173,980

Land Transfer Tax $13,873

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $189,853

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	$173,980	-	-	-	-	-	-	-	-	-
Closing Costs	$15,873	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$10,827	$11,348	$11,893	$12,465	$13,064	$13,692	$14,350	$15,040	$15,763	$16,520
Total	$200,680	$11,348	$11,893	$12,465	$13,064	$13,692	$14,350	$15,040	$15,763	$16,520
Cash Invested	$200,680	$212,028	$223,922	$236,387	$249,452	$263,144	$277,495	$292,535	$308,298	$324,819

Rental Cash Flows
Rent and other income	$35,665	$36,735	$37,837	$38,972	$40,142	$41,346	$42,586	$43,864	$45,180	$46,535
Operating Expenses	-$17,818	-$18,211	-$18,613	-$19,024	-$19,445	-$19,875	-$20,315	-$20,766	-$21,226	-$21,697
Mortgage Payment	-$43,330	-$43,330	-$43,330	-$43,330	-$43,330	-$43,330	-$43,330	-$43,330	-$43,330	-$43,330
Net Cash Flow	-$25,482	-$24,805	-$24,105	-$23,382	-$22,633	-$21,859	-$21,059	-$20,231	-$19,376	-$18,492

Returns
Property Price Appreciation	$43,495	$45,669	$47,953	$50,350	$52,868	$55,511	$58,287	$61,201	$64,261	$67,475
Mortgage Paydown	$10,827	$11,348	$11,893	$12,465	$13,064	$13,692	$14,350	$15,040	$15,763	$16,520
Net Cash Flow	-$25,482	-$24,805	-$24,105	-$23,382	-$22,633	-$21,859	-$21,059	-$20,231	-$19,376	-$18,492
Total Return	$28,840	$32,212	$35,740	$39,434	$43,299	$47,344	$51,578	$56,010	$60,648	$65,503
Cumulative Return	$28,840	$61,052	$96,793	$136,227	$179,526	$226,871	$278,449	$334,459	$395,108	$460,611

Investment Metrics
Cumulative ROI	14.4%	28.8%	43.2%	57.6%	72.0%	86.2%	100.3%	114.3%	128.2%	141.8%
Cash On Cash	-12.7%	-11.7%	-10.8%	-9.9%	-9.1%	-8.3%	-7.6%	-6.9%	-6.3%	-5.7%