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Ontario
Guelph (Willow West/Sugarbush/West Acres)
306 - 93 WESTWOOD ROAD

$599,900

306 - 93 WESTWOOD ROAD, Guelph (Willow West/Sugarbush/West Acres), Ontario, N1H 7J6

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MLS® # X11991532

3 Beds

2 Baths

1599.9864 - 1798.9853 FEETSQ sqft

Property Information:

Shows 10+ - no disappointments with this 1620 sq ft unit. This unit has numerous features from a beautiful quartz wall with electric fireplace accenting the large living room, & crown moulding continuing into an elegant dining room featuring a coffered ceiling. The efficient kitchen has plenty of newer oak cupboards. There are three spacious bedrooms, & the Master has a bonus walk-in closet & 2 pc ensuite. A utility room, laundry room, linen closet, & 4 pc bath complete the space. This home has newer flooring, baseboards, doors, hardware, electric outlets, & air conditioner, so ready to move in. The expansive property boasts beautiful gardens, outdoor pool & picnic area. Other amenities include underground parking, car wash, fitness, party & games rooms, library, hot tub, & sauna. Located by a park affords easy access to tennis, cricket, sports fields, splash pad, playground, schools, and public transit. The condo fee includes all utilities. This is a perfect place to call home! (id:27)

Building Features:

Style: Apartment
Building Type: Apartment
Air Conditioning: Yes
Amenities: Recreation Centre, Exercise Centre, Storage - Locker
Exterior Finish: Brick, Concrete
Fireplace: Yes
Floor Space: 1599.9864 - 1798.9853 sqft
Foundation Type: Concrete
Heating Type: Baseboard heaters
Heating Fuel: Electric
Cooling Type: Wall unit
Appliances: Blinds, Dishwasher, Dryer, Microwave, Stove, Washer, Window Air Conditioner, Window Coverings, Refrigerator

Property Features:

OwnershipType: Condominium/Strata
Property Type: Single Family
Bedrooms: 3
Bathrooms: 2
Half Bathrooms: 1
Amenities Nearby: Public Transit, Schools
Community Features: Pet Restrictions, Community Centre
Condo Fees: $1,185 Monthly
Features: Irregular lot size, Carpet Free, In suite Laundry
Floor Space (approx): 1599.9864 - 1798.9853 Square Feet
Landscape Features: Landscaped
MaintenanceFee Type: Heat, Hydro, Water, Insurance, Common Area Maintenance
Zoning: R4-30
Parking Type: Underground, Garage
No. of Parking Spaces: 2

Rooms:

Living Main Level 6.40 m x 5.70 m
Kitchen Main Level 2.20 m x 3.99 m
Dining Main Level 3.50 m x 3.69 m
Primary Bedroom Main Level 3.08 m x 4.60 m
Bedroom Main Level 3.07 m x 3.53 m
2nd Bedroom Main Level 2.77 m x 5.12 m
Bathroom Main Level 1.31 m x 1.25 m
Bathroom Main Level 2.77 m x 1.25 m

Convert Measurement to:

Courtesy of: Century 21 Heritage House Ltd

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Potential Investment Performance

Cumulative ROI

69.4%

Cumulative Market Appreciation

$165,741

Net Operating Income in Year 5

$13,585

Cash on Cash Return in Year 5

-9.6%

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 %	$119,980
Mortgage Amount	$479,920
Mortgage Payment %	$2,490

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$2,701

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Condo/Strata Fees	$
Total Operating Expenses	$1,762
Net Operating Income	$938

Debt Service
Mortgage Payment	$2,490

Net Cash Flow	-$1,551

Cap Rate

1.88%

Acquistion Costs

Down Payment $119,980

Land Transfer Tax $8,473

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $130,453

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	$119,980	-	-	-	-	-	-	-	-	-
Closing Costs	$10,473	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$7,467	$7,825	$8,202	$8,596	$9,009	$9,442	$9,896	$10,371	$10,870	$11,393
Total	$137,920	$7,825	$8,202	$8,596	$9,009	$9,442	$9,896	$10,371	$10,870	$11,393
Cash Invested	$137,920	$145,745	$153,948	$162,544	$171,553	$180,996	$190,892	$201,264	$212,135	$223,528

Rental Cash Flows
Rent and other income	$32,414	$33,386	$34,388	$35,419	$36,482	$37,577	$38,704	$39,865	$41,061	$42,293
Operating Expenses	-$21,153	-$21,610	-$22,076	-$22,553	-$23,041	-$23,539	-$24,049	-$24,570	-$25,102	-$25,647
Mortgage Payment	-$29,881	-$29,881	-$29,881	-$29,881	-$29,881	-$29,881	-$29,881	-$29,881	-$29,881	-$29,881
Net Cash Flow	-$18,620	-$18,104	-$17,569	-$17,015	-$16,440	-$15,844	-$15,226	-$14,586	-$13,922	-$13,235

Returns
Property Price Appreciation	$29,995	$31,494	$33,069	$34,722	$36,459	$38,282	$40,196	$42,205	$44,316	$46,532
Mortgage Paydown	$7,467	$7,825	$8,202	$8,596	$9,009	$9,442	$9,896	$10,371	$10,870	$11,393
Net Cash Flow	-$18,620	-$18,104	-$17,569	-$17,015	-$16,440	-$15,844	-$15,226	-$14,586	-$13,922	-$13,235
Total Return	$18,841	$21,215	$23,701	$26,304	$29,028	$31,880	$34,866	$37,991	$41,264	$44,689
Cumulative Return	$18,841	$40,057	$63,759	$90,063	$119,091	$150,972	$185,838	$223,830	$265,094	$309,784

Investment Metrics
Cumulative ROI	13.7%	27.5%	41.4%	55.4%	69.4%	83.4%	97.4%	111.2%	125.0%	138.6%
Cash On Cash	-13.5%	-12.4%	-11.4%	-10.5%	-9.6%	-8.8%	-8.0%	-7.2%	-6.6%	-5.9%