108 Cassino Avenue Unit 5, Guelph

Price: $539,990

3 bedrooms, 2 bathrooms

1,200 sqft

Property Type: Condo

MLS#: X13845594

Welcome to Prima, an intimate collection of condominium townhomes by Gemini Homes, set on a smaller site in a quiet, established area of East Guelph. The to-be-built Iris is an upper rear interior stacked townhome offering 1,302 sq. ft. of living space with three bedrooms and 1.5 bathrooms. The main living level features an open-concept kitchen, living and dining areas, along with a convenient powder room. Upstairs, three bedrooms and a full bathroom provide comfortable separation from the main living space. Stainless steel kitchen appliances are included, along with in-suite laundry and a limited-time complimentary storage locker. Each home will be Energy Star certified and includes central air conditioning. Conveniently located on Cassino Avenue near parks, schools, shopping, recreation and everyday amenities. Anticipated occupancy is late 2027. Sales information is available through Bosley Real Estate Ltd., Brokerage, located at Unit 7, 292 Stone Road West, Guelph. Images and renderings are artist concepts. Construction details and finishes may vary. See sales representative for full details.

108 Cassino Avenue Unit 5 - Condo photo 1 of 4 in Guelph, Ontario
108 Cassino Avenue Unit 5 - Condo photo 2 of 4 in Guelph, Ontario
108 Cassino Avenue Unit 5 - Condo photo 3 of 4 in Guelph, Ontario
108 Cassino Avenue Unit 5 - Condo photo 4 of 4 in Guelph, Ontario
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$539,990 - 108 Cassino Avenue Unit 5, Guelph

Condo for Sale in Guelph

New — Listed 7 days ago

Neighbourhood: Grange Road

3Beds
2Baths
1,200Sq Ft
Condo

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Property Details
MLS Number
X13845594
Property Type
Condo
Status
active
Days on Site
7
Bedrooms
3
Bathrooms
2
Square Feet
1,200 sqft
Neighbourhood
Guelph
Maintenance Fees
$208/mo
Locker
None
Exposure
South
Balcony
Open
Listing Brokerage
Bosley Real Estate Ltd.
Description

Welcome to Prima, an intimate collection of condominium townhomes by Gemini Homes, set on a smaller site in a quiet, established area of East Guelph. The to-be-built Iris is an upper rear interior stacked townhome offering 1,302 sq. ft. of living space with three bedrooms and 1.5 bathrooms. The main living level features an open-concept kitchen, living and dining areas, along with a convenient powder room. Upstairs, three bedrooms and a full bathroom provide comfortable separation from the main living space. Stainless steel kitchen appliances are included, along with in-suite laundry and a limited-time complimentary storage locker. Each home will be Energy Star certified and includes central air conditioning. Conveniently located on Cassino Avenue near parks, schools, shopping, recreation and everyday amenities. Anticipated occupancy is late 2027. Sales information is available through Bosley Real Estate Ltd., Brokerage, located at Unit 7, 292 Stone Road West, Guelph. Images and renderings are artist concepts. Construction details and finishes may vary. See sales representative for full details.

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Estimate your monthly payments for this property

Estimated Payment

$2,770.43/mo

Includes CMHC insurance ($15,066)

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5-yr fixed avg.

Principal: $485,991Interest: $330,072
Mortgage Amount$501,057
Total Interest$330,072
Est. Property Tax$382/mo
Total Cost$831,129

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: Grange Road

Discover Grange Road

Grange Road is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in Grange Road

  • •Convenient location in Guelph
  • •Access to local shops and dining
  • •Good public transit connections
  • •Community parks and green spaces
  • •Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • •MiWay bus routes throughout the area
  • •GO Transit stations within driving distance
  • •Easy highway access to 401/403/QEW
  • •Walking distance to local amenities

Parks & Amenities

  • •Local parks and recreational facilities
  • •Community centres
  • •Shopping plazas nearby
  • •Restaurants and cafes

Lifestyle & Community

Grange Road offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

108 Cassino Avenue Unit 5, Guelph

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,920/mo
Range: $2,482 - $3,358
Cap Rate (ROI)
4.9%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,920
Maintenance Fees-$208
Property Tax (est.)-$382
Insurance (est.)-$112
Net Cash Flow+$2,218

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $450/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Just Listed - Act Strategically

This property hit the market within the last week. In Guelph's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. The $208/month fees should cover building insurance, common elements, and reserve contributions.

Starter Home Potential

3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.

About Grange Road

I know Grange Road well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.

Investment Perspective

Looking at this as an investment: Guelph properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,250 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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    108 Cassino Avenue Unit 5, Guelph | $539,990 | Battaglia Team