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Investment signal

$609,900

88 GIBSON Street Unit# 209

Save this home

Beds

2

Baths

2

Sqft

Year

2021

Type

Single Family

Suite

Investment signal

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Ayr. 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 the Desirable Piper’s Grove Condominiums! This mid-rise building is perfect for first-time homebuyers, downsizers, or anyone looking for a great investment opportunity. This Stewart model corner suite is a gem, offering 2 bedrooms, 2 full baths, and a generous 1215 sq ft of living space. Step inside and prepare to be wowed by the modern features, vinyl plank flooring, and customized finishes throughout. The open concept Kitchen/Living/Dining area is flooded with natural light, creating a bright and inviting atmosphere. The kitchen features ample storage space with ceiling high cabinetry, stainless steel appliances, and a large eat-up island with quartz countertops. The master bedroom boasts a walk-in closet, and an ensuite with walk-in shower, for added convenience. The second bedroom ALSO offers a walk-in closet and easy access to the main 4-pc bath. 2 PARKING SPOTS (1 covered and 1 surface) INCLUDED! 2 STORAGE LOCKERS INCLUDED! The building itself offers a secured entrance with an intercom system for added security, as well as an amenity room on the first level complete with a kitchenette and washroom. Situated in the heart of downtown Ayr, this sought-after community combines the charm of a small town with the convenience of big-town amenities. Plus, its proximity to Cambridge, Kitchener, Brantford, and Woodstock means you'll have easy access to a variety of nearby attractions and services. Piper's Grove truly is a wonderful place to call home. (id:65958)

Subtype
Single Family
Structure
Apartment
Community
60 - Ayr
Common interest
Condo/Strata
Living area
1,215 square feet
Bedrooms
2 above grade, 0 below grade
Parking
2 total
Condo/HOA fee
$591.09 monthly
Stories
1
On market
Apr 24, 2026
Status changed
Apr 24, 2026
Annual tax
$3,718.7
Zoning
Z4
Photos
38
MLS#
40816842
Area
AYR

Features and systems

Parking

OpenCovered

Basement

None

Appliances

WasherRefrigeratorWater softenerDishwasherStoveDryerMicrowave Built-in

Heating

Heat PumpForced airElectric

Cooling

Central air conditioning

Exterior

BrickMetal

Foundation

Poured Concrete

Lot

Cul-de-sacSouthern exposureConservation/green beltBalconyPaved driveway

Community

Community Centre

Security

Security system

Fee includes

LandscapingProperty ManagementInsuranceParking
Negative cash flow ~$697/mo at these assumptions

Cash on cash

-6.85%

Cap rate

3.49%

GRM

16.7

Break-even rent

$3,783

Financing

Down payment$121,980
Loan amount$487,920
Mortgage$2,472/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$280
Insurance$80
Maintenance$508
CapEx reserve$254
Vacancy loss$153

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 $2,472/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 24, 2026.

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