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Investment signal

$958,500

1 BALFOUR COURT

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Beds

Baths

4 full + 1 half

Sqft

—

Year

—

Type

Single Family

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Guelph (Kortright East). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Welcome to 1 Balfour Court, a beautifully updated home offering over 2,072 sq ft of living space, ideally situated on a premium corner lot in a quiet cul-de-sac in Guelph's sought-after Kortright East neighbourhood. This spacious property features 3 generous bedrooms on the upper level, including an extended area off the primary bedroom that is perfect for a home office, nursery, or private retreat. The fully legal 2-bedroom BASEMENT APARTMENT offers a separate entrance, full kitchen, living space, and excellent flexibility for multigenerational living or valuable rental income. The home has been thoughtfully refreshed with brand new flooring throughout and freshly painted from top to bottom, creating a bright, modern, and move-in ready feel. Enjoy the spacious backyard complete with a storage shed, along with ample parking for multiple vehicles. Located close to parks, schools, trails, the University of Guelph, and everyday amenities, this versatile property presents an exceptional opportunity in one of Guelph's most desirable family neighbourhoods. (id:65958)

Subtype: Single Family
Structure: House
Community: Kortright East
Common interest: Freehold
Lot dimensions: 96.6 x 127 FT ; irregular
Bedrooms: 3 above grade, 2 below grade
Parking: 6 total
Stories: 2
Fireplace: Yes
On market: Apr 2, 2026
Status changed: Apr 23, 2026
Annual tax: $8,009
Photos: 47
MLS#: X12951224
Area: GUELPH_(KORTRIGHT_EAST)

Features and systems

Parking

Attached GarageGarage

Basement

FullApartment in basementSeparate entranceN/AN/A

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Brick

Lot

Irregular lot size

Negative cash flow ~$1,043/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.53%

Cap rate

3.56%

GRM

16.6

Break-even rent

$5,898

Financing

Down payment$191,700

Loan amount$766,800

Mortgage$3,885/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$439

Insurance$80

Maintenance$799

CapEx reserve$399

Vacancy loss$240

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $3,885/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 23, 2026.