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Investment signal

$999,000

224 FLEMING ROAD

Save this home

Beds

6

Baths

4 full + 1 half

Sqft

Year

Type

Single Family

Suite

Suite potential

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Guelph (Grange Road). 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 224 Fleming Road, A Stunningly UPGRADED Detached 2-Storey Residence Nestled In The Highly Sought-After Grange Hill East Community Featuring 2894 SqFt Of Total Living Space. This Meticulously Maintained Home Sits On An Oversized CORNER LOT, Offering An Expansive LAYOUT, Perfect For Growing Families And Savvy Investors Alike. The Main Floor Features An Executive Kitchen With GRANITE Countertops, A Massive Center Island, And High-End Stainless Steel Appliances, All Flowing Into An Open-Concept Living And Dining Space With Gleaming HARDWOOD FLOORS And Ample POT LIGHTING. Upstairs, You Will Find Four GENEROUS Bedrooms, Including A LUXURIOUS Primary Suite With A Walk-In Closet And A Renovated 4-Piece Ensuite. A Standout Feature Of This Property Is The Professionally FULLY FURNISHED LEGAL BASEMENT With SEPARATE ENTRANCE, Which Includes Two Additional Bedrooms, A Second Kitchen, And A Full Bathroom - Offering INCREDIBLE RENTAL INCOME Potential Or A Private In-Law Suite. Step Outside To A Landscaped Backyard Oasis Featuring A Large Patio And Custom Trellis, Ideal For SUMMER ENTERTAINING. Located Just Steps From Top-Rated Schools, Joe Veroni Park, And The Public Library, And Only Minutes From Guelph Lake And The University Of Guelph, This Home Offers Unparalleled Convenience. With The Ongoing Expansion Of Nearby Commercial Amenities And Guelph's Strong Market Growth, This Property Represents An EXCEPTIONAL INVESTMENT In A Prime Location. Don't Miss Your Chance To OWN This Versatile And Beautiful Home. (id:65958)

Subtype
Single Family
Structure
House
Community
Grange Road
Common interest
Freehold
Lot dimensions
40.3 x 115 FT
Bedrooms
4 above grade, 2 below grade
Parking
8 total
Stories
2
On market
Mar 10, 2026
Status changed
Apr 20, 2026
Annual tax
$6,527
Photos
50
MLS#
X12866668
Area
GUELPH_(GRANGE_ROAD)

Features and systems

Parking

Attached GarageGarage

Basement

FinishedApartment in basementSeparate entranceN/AN/AN/A

Appliances

AllWater purifierWater softenerWater Heater

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Brick

Flooring

Hardwood

Foundation

Concrete

Lot

Carpet Free
Negative cash flow ~$1,086/mo at these assumptions

Cash on cash

-6.52%

Cap rate

3.56%

GRM

16.6

Break-even rent

$6,143

Financing

Down payment$199,800
Loan amount$799,200
Mortgage$4,049/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$458
Insurance$80
Maintenance$833
CapEx reserve$416
Vacancy loss$250

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 $4,049/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 20, 2026.

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