245 Elmira Road S, Guelph

$799,900
245 Elmira Road S

$799,900

New
4d
Detached2-Storey

245 Elmira Road S, Guelph

Total Monthly Obligation $4,002

Beds
3
Baths
3
Park
4
Sqft
1100-1500
DOM
4d
Score
18
Yield
4.7%
Cash on Cash
-3.8%
Cap Rate
3.8%
5Y IRR
12.6%
10Y IRR
12.2%
Property Type-Detached
MLS® Number-X14096220
Beds-3
Bathrooms-3
Size-1100-1500 sqft
Lot Size-49.87 × 109.91 ft
Listed on site-Oct 19, 2026
Style-2-Storey
Building Type-Detached
Taxes-$4,808 (2026)
Parking-5 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-Royal LePage Royal City Realty
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-East
Exterior-Brick Veneer, Vinyl Siding
Roof-Metal
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Willow West/Sugarbush/West Acres
Title-Residential Freehold

No agent assigned

Welcome to 245 Elmira Road South, a beautifully updated 3 bedroom, 3 bathroom detached home in Guelph's West End, where much of the work has already been done for you. The bright main floor has been freshly painted in 2026, with newly updated light fixtures and smooth ceilings following the removal of the original popcorn texture. Hardwood flooring runs through the living and dining areas, complemented by a stylish feature wall that adds warmth and character. The kitchen was renovated in 2023 and features quartz countertops, contemporary cabinetry, a tile backsplash, and a convenient island that's equally suited to everyday meals and entertaining. Sliding glass doors lead from the dining area to a private backyard with mature pear trees, a stone patio, hot tub, and a new rear fence installed in 2026. It's a great space for summer BBQs, evenings in the hot tub, or simply letting the kids and dogs enjoy the outdoors. Upstairs are three comfortable bedrooms, while the finished basement with a cozy gas fireplace offers additional living space for a family room, home office, playroom, or teenage hangout. The attached garage was also recently drywalled and painted, and the upgraded 200 amp electrical panel offers flexibility for future improvements, including potential EV charging. Beyond the home itself, the location makes everyday life easy. Taylor Evans Public School is within walking distance, Guelph CVI is nearby, and the bus stop directly across the street provides a convenient route to the University of Guelph. Costco, Zehrs, and other everyday essentials are just down the road, with Stone Road Mall and the Hanlon Expressway only minutes away. With ample parking, thoughtful updates, and a private backyard, this is a comfortable, well maintained home in an established Guelph neighbourhood that's ready for its next owners.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$639,920
Land Transfer Taxes$12,473
Legal Fees (Est.)
$
Total cash required for closing$173,953

Total Monthly Obligation

$4,002/mo
Mortgage $3,227
Monthly Loss $3,153
Principal$849
Interest$2,378
Property Tax$401
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.2%1
5-Year IRR
9.1%30
10-Year IRR
9.9%
Returns Index
16.0/ 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
$37,632/yr
NOI
$24,561/yr
Net Cash Flow
-$1,180/mo
Cash Margin
-37.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.638
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo38
Risk Index
21.5/ 100

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

Comparables

Properties near 245 Elmira Road S

Time

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Data last updated within the past 24 hours.