514 Kortright Rd W
Hanlon Creek, Guelph, N1G 3Z1
FOR SALE
$999,000

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5 + 2
BEDROOMS3
BATHROOMS1 + 1
KITCHENS9 + 6
ROOMSX11982279
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Property Description
Welcome to 514 Kortright Road W, a turn-key legal duplex with two bedroom walk out basement apartment on a generous 50 x 107 ft lot, perfect for investors or multi-generational living. The main unit features a spacious living room, a well-equipped kitchen, 2 bedrooms, and a 3-piece bathroom on the main floor, plus three additional bedrooms and a 5-piece bathroom, laundry unit on the second floor, offering plenty of space. The bright 2-bedroom walkout basement apartment includes its own kitchen, 4pc bathroom, laundry room, private entrance, and a charming sunroom, making it ideal for rental income. Additional highlights include parking for 7 cars, a bus stop conveniently located at the front of the house, and walking distance to shopping and local amenities. Whether you choose to live in one unit and rent out the other or take advantage of the property's excellent cash flow, this duplex is a rare find. Don't miss this fantastic opportunity, schedule your showing today!
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
50' x 107'
Fronting
North
Taxes
$5,094 (2024)
Basement
Apartment, Fin W/O
Exterior
Brick Front, Vinyl Siding
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
None
Water
Municipal
Parking Spaces
6
Garage Type
Attached
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Br | Main | 9.91' x 11.12' | |
Br | Main | 11.45' x 11.12' | |
Dining | Main | 7.84' x 11.12' | |
Living | Main | 14.57' x 15.68' | |
Kitchen | Main | 8.01' x 11.12' | |
Br | 2nd | 10.01' x 9.45' | |
Br | 2nd | 14.11' x 9.48' | |
Prim Bdrm | 2nd | 14.83' x 15.22' | |
Br | Bsmt | 10.89' x 10.07' | |
Br | Bsmt | 10.89' x 9.88' | |
Kitchen | Bsmt | 14.37' x 11.29' | |
Living | Bsmt | 11.15' x 13.78' |
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Guelph Market Statistics
Guelph Price Trend
514 Kortright Rd W is a 5-bedroom 3-bathroom home listed for sale at $999,000, which is $170,000 (20.5%) higher than the average sold price of $829,000 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 5 bedroom home in Guelph declined by $51,000 (5.8%) compared to the previous 30 day period (December 22 - January 20) and down $246,000 (22.9%) from the same time one year ago.Inventory Change
There were 7 5-bedroom homes listed in Guelph over the last 30 days (January 21 - February 19), which is up 40.0% compared with the previous 30 day period (December 22 - January 20) and up 75.0% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Guelph typically sold ($4,233) (0.5%) below asking price over the last 30 days (January 21 - February 19), which represents a $15,667 increase compared to the previous 30 day period (December 22 - January 20) and ($1,933) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 5-bedroom homes in Guelph over the last 30 days (January 21 - February 19) stood at 42.9%, up from 20.0% over the previous 30 days (December 22 - January 20) and down from 75.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 3-bathroom home in Guelph stood at 8 days when successfully sold over the last 30 days (January 21 - February 19), compared to 41 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Aboutowne Realty Corp.
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