295 Water Street 85, Guelph

$649,900
295 Water Street 85

$649,900

New
60d
Condo Townhouse2-Storey

295 Water Street 85, Guelph

Total Monthly Obligation $3,894

Beds
3
Baths
3
Park
1
Sqft
1400-1599
DOM
60d
Score
18
Yield
5.7%
Cash on Cash
-5.4%
Cap Rate
3.4%
5Y IRR
11.3%
10Y IRR
11.2%
Property Type-Condo Townhouse
MLS® Number-X13717084
Beds-3
Bathrooms-3
Size-1400-1599 sqft
Listed on site-Aug 24, 2026
Style-2-Storey
Building Type-Condo Townhouse
Taxes-$4,167 (2026)
Maintenance-$725/mo
Locker-None
Parking-2 - Attached
Basement-Finished, Walk-Out
Heating-Forced Air (Gas)
Brokerage-M1 Real Estate Brokerage Ltd
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Exterior-Aluminum Siding, Brick
Possession-Flexible
Neighbourhood-Dovercliffe Park/Old University
Title-Residential Condo & Other

No agent assigned

Welcome to a beautifully updated three-bedroom, two-and-a-half-bathroom townhome nestled in the perfect location backing onto lush green space and the scenic Speed River. Offering a wonderful blend of modern updates, comfortable living spaces, and tranquil surroundings, this move-in-ready home is one you won't want to miss.The recently renovated kitchen is the heart of the home, featuring stylish cabinetry, granite countertops, and new appliances, creating a bright and functional space for both everyday living and entertaining. The spacious primary suite offers a peaceful retreat with a walk-in closet and private ensuite with a walk-in shower.The third level has been refreshed with brand-new carpeting, adding warmth and a fresh, inviting feel throughout the bedrooms. Downstairs, the fully finished lower level provides even more room to relax or entertain, with custom built-in shelving and a cozy fireplace. Whether you envision a family room, home office, movie space, or playroom, this versatile area is ready to suit your needs. With thoughtful updates including a newer furnace (2021), new appliances, and new carpeting, there is plenty of peace of mind for the next owner. Outside, enjoy your private backyard retreat with beautiful views of the surrounding green space and Speed River beyond-a truly special backdrop for morning coffee or summer evenings. Conveniently located close to parks, schools, shopping, and major commuter routes, this home combines the best of modern convenience and natural beauty. Come experience all this wonderful townhome has to offer!

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$
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(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$519,920
Land Transfer Taxes$9,473
Legal Fees (Est.)
$
Total cash required for closing$140,953

Total Monthly Obligation

$3,894/mo
Mortgage $2,622
Monthly Loss $3,204
Principal$690
Interest$1,932
Property Tax$347
Condo Fees$725
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.8%1
5-Year IRR
8.1%24
10-Year IRR
9.3%
Returns Index
13.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$36,744/yr
NOI
$17,803/yr
Net Cash Flow
-$1,138/mo
Cash Margin
-37.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.576
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo40
Risk Index
21.3/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 295 Water Street 85

Time

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Data last updated within the past 24 hours.