Hassan Nouman
208 Silvercreek Parkway N 209, Guelph, ON N1H 8H2, Guelph, ON
+7 photos
$410,000

208 Silvercreek Parkway N 209, Guelph, ON N1H 8H2, Guelph, ON

Guelph, ON N1H 8H2
2 beds 2 baths Condo Apartment

About this home

This large, two bedroom unit has 1,300 square feet of beautiful finished living space with gleaming laminate throughout and is located in an incredibly friendly not for profit, non-denominational, senior lifestyle community. The kitchen boasts ample storage, a walk-in pantry, a brand new dishwasher and an eat-in space large enough for a bistro-style dining set. This unit also has a formal dining room, and spacious living room with plenty of natural light and a sliding patio door to your Juliet balcony. The oversized primary bedroom features a large walk-in closet, and a private 3-piece washroom. In addition to the bedroom closets you have added storage space in the foyer closet, sizable kitchen pantry, as well as the utility room, which features your own in-suite laundry. This is a wonderful place for entertaining all your family and guests. When you require additional space for large gatherings you can use the common room, and for overnight or out of town guests, for a small fee you can rent the guest suite. You also have 24/7 access to the gym, library, and a fully stocked workshop for all your mending and tinkering needs. LSRC's intent is to provide quality, reasonably priced senior lifestyle living for those living in Guelph. We aim to foster an atmosphere of positivity, and community for the benefit of all its residents. Lutheridge is a non-smoking building. This property is a Life Lease building, and requires cash only offers as no mortgage can be registered against a life lease, however no land transfer tax, or legal fees are paid on closing. The monthly fee includes property taxes and municipal water.

Property Score

64/ 100
Overall Property Score
good

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
50% of city avgexcellent
Priced below Guelph's average of $825,000.
Appreciation Trend
+1.9%/yrgreat
Guelph has seen +1.9% YoY price change.
Monthly Cash Flow
-$808/mopoor
Estimated -$808/mo at 20% down, 5% rate, 25-yr amortization.
Cap Rate
3.25%good
Net operating income divided by purchase price.
Basement Suite Potential
Not viablepoor
This property type typically can't add a basement suite.
Move-In Ready
Avggreat
Estimate. Use the listing description and photos to assess actual condition.
MLS® # X13044846
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.
CallBook a Call