$649,900 - 137 Dovercliffe Road, Guelph
Condo for Sale in Guelph
66 days on market- MLS Number
- X12970938
- Property Type
- Condo
- Status
- active
- Days on Site
- 66
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,200 sqft
- Neighbourhood
- Guelph
- Locker
- None
- Exposure
- South
- Balcony
- None
- Listing Brokerage
- RE/MAX Real Estate Centre Inc
Attention investors! A turnkey investment opportunity comes with this fully rented home to add to your portfolio. Currently rented for $4,000/month + utilities (paid by tenants) with a lease in place until May '27, offering immediate and reliable returns. This is a fantastic opportunity to own a fully tenanted, income-generating property with strong cash flow. Excellent tenants in place have chosen to stay for another year. This well-maintained 3+1 bedroom, 1+1 full-bathroom townhome features a functional and spacious layout ideal for tenants. The main floor boasts a large eat-in kitchen with ample cabinetry, a separate dedicated dining area, and a bright, expansive living room with walkout access to a fully fenced private yard-perfect for outdoor enjoyment. Convenient main-floor laundry. Upstairs, you'll find three generously sized bedrooms and a 4-piece bathroom, providing comfortable living space for families or shared accommodations. The fully finished basement includes a large fourth bedroom, a 3-piece bathroom, and a utility room, maximizing rental potential. The private backyard overlooks green space and mature trees, offering peaceful views. There is also exclusive access to a community pool that provides a welcome retreat during warm summer days! Updates include: roof shingles '19, furnace '24, central air conditioning '22, water heater owned '24, and all flooring throughout all 3 levels. Bonus: The home is being sold fully furnished, making it a truly turnkey investment with minimal effort required. Don't miss this high-performing, hassle-free addition to your portfolio! Conveniently located near bus stops and quick access to Hanlon, the University of Guelph, and all the great amenities at Stone Rd Mall and the area.
Estimate your monthly payments for this property
Estimated Payment
$3,334.32/mo
Includes CMHC insurance ($18,132)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Guelph
Guelph is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Guelph
- •Convenient location in Guelph
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Guelph offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
137 Dovercliffe Road, Guelph
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $542/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 66 days on site, this property has exceeded the typical selling timeline for Guelph. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Guelph. Good resale value as demand remains consistent.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Guelph properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,708 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.