HN
701 ERAMOSA Road, Guelph, ON N1E 5Z1, Guelph, ON
+7 photos
$2,149,000

701 ERAMOSA Road, Guelph, ON N1E 5Z1, Guelph, ON

Guelph, ON N1E 5Z1
4 beds 2 baths Detached

About this home

Now is the time to invest in a property with huge development potential with a favorable 8.49% mortgage rate on a $1,050,000.00 fully open 2 year term (No broker fees). This 1.88 acre property offers amazing development potential with the City of Guelph and is ideally located at the corner of Eramosa Road and Speedvale Avenue. This home features a 3 bedroom all brick bungalow with open concept design and features a large eat-in kitchen, stainless steel appliances built in microwave oven, granite tops and center island with breakfast bar overlooking the large family room with gas fireplace. 3 nice sized bedrooms are also on the main floor, the primary offers a beautiful 4 piece ensuite. The partially finished basement offers a large rec room a fourth room currently used as a bedroom and a large den. This property also features a detached workshop / garage and a 2500 Sq Ft shop. NOTE: Property sold under power no warranties and is being sold "AS IS WHERE IS" Phase II environmental report can be provided when conditional offer accepted. Buyer to complete due diligence with municipal authorities on zoning possibilities.

Property Score

42/ 100
Overall Property Score
fair

A blend of both buyer and investor metrics.

Score breakdown
Walkability
60/100good
Score based on neighborhood density, downtown proximity, and walkable amenities.
Transit Access
62/100good
GO Transit, LRT, and bus access from this neighborhood.
Schools
80/100great
Based on local school rankings (Fraser Institute proxy).
Affordability
260% of city avgpoor
Priced above Guelph's average of $825,000.
Appreciation Trend
+1.9%/yrgreat
Guelph has seen +1.9% YoY price change.
Monthly Cash Flow
-$9,388/mopoor
Estimated -$9,388/mo at 20% down, 5% rate, 25-yr amortization.
Cap Rate
0.37%poor
Net operating income divided by purchase price.
Basement Suite Potential
+$1,530/moexcellent
Existing/legal suite estimated at $1,530/mo additional income.
Move-In Ready
Avggreat
Estimate. Use the listing description and photos to assess actual condition.
MLS® # X12888400
Listings displayed are for informational purposes only and are believed to be accurate but are not guaranteed. MLS®, REALTOR®, and the associated logos are owned by The Canadian Real Estate Association (CREA). MLS® data is provided courtesy of the Toronto Regional Real Estate Board (TRREB) and is for personal, non-commercial use only. Cityscape Real Estate Ltd., Brokerage.
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