104 SUMMIT RIDGE Drive 106, Guelph

$399,900
104 SUMMIT RIDGE Drive 106

$399,900

New
7d
Condo Apartment1 Storey/Apt

104 SUMMIT RIDGE Drive 106, Guelph

Total Monthly Obligation $2,386

Beds
1
Baths
1
Park
1
Sqft
700-799
DOM
7d
Score
23
Yield
6.8%
Cash on Cash
0.8%
Cap Rate
4.8%
5Y IRR
16.2%
10Y IRR
15.1%
Property Type-Condo Apartment
MLS® Number-X14088266
Beds-1
Bathrooms-1
Size-700-799 sqft
Listed on site-Oct 16, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-6-10
Taxes-$2,764.65 (2026)
Maintenance-$343/mo
Locker-Owned
Parking-1 - None
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX Real Estate Centre Inc
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Stone, Vinyl Siding
Roof-Flat
Foundation-Poured Concrete
Possession-Flexible
Neighbourhood-Grange Road
Title-Residential Condo & Other

No agent assigned

Welcome to 106-104 Summit Ridge Dr, a beautifully updated, wheelchair-accessible, carpet-free 1-bedroom condo in a quiet neighbourhood! Upon entering, you'll find a bright, open-concept layout featuring a kitchen with handsome dark cabinetry, stainless steel appliances and a tiled backsplash. The kitchen flows seamlessly into the living room, where high-end vinyl flooring and a huge window create a warm, inviting space. A garden door leads to your private balcony-the perfect spot to relax with your morning coffee. The spacious bedroom offers a double closet and a large window, while the generously sized 4-piece bathroom features a tiled backsplash and a shower/tub combination. Wider doorways and an accessible bathroom layout provide additional space and ease of movement. In-suite laundry, a storage locker and a parking space conveniently located in front of the building's entrance add everyday practicality. On-street parking just outside the unit offers convenient access for visitors. Residents enjoy a party room with a kitchen, a lounge and an impressive fitness centre. Just down the street, Pollinators Park offers a lovely walking trail, while shopping centres, restaurants and downtown Guelph are all a short drive away

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$319,920
Land Transfer Taxes$4,474
Legal Fees (Est.)
$
Total cash required for closing$85,954

Total Monthly Obligation

$2,386/mo
Mortgage $1,613
Monthly Loss $1,962
Principal$424
Interest$1,189
Property Tax$230
Condo Fees$343
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-4.7%2
5-Year IRR
12.1%51
10-Year IRR
12.3%
Returns Index
26.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$27,300/yr
NOI
$15,289/yr
Net Cash Flow
-$339/mo
Cash Margin
-14.9%0
Cash Flow Index
0.3/ 100
Risk Profile
Weight: 20%
DSCR
0.7914
LTV Ratio
80.0%18
Vacancy Buffer
4.0 mo69
Risk Index
33.6/ 100

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

Comparables

Properties near 104 SUMMIT RIDGE Drive 106

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.