$729,900 - 289 SPEEDVALE Avenue, Guelph
Detached for Sale in Guelph
Neighbourhood: General Hospital
- MLS Number
- X13646874
- Property Type
- Detached
- Status
- active
- Days on Site
- 17
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Guelph
- Listing Brokerage
- RE/MAX Real Estate Centre Inc
Welcome to 289 Speedvale Ave E, charming 3+1-bedroom bungalow offering a finished basement with in-law suite, separate entrance &incredible backyard oasis W/beautiful in-ground pool! Filled with potential, this home presents an exciting opportunity for someone to update the space to reflect their personal style & truly make it their own. Step inside to inviting living room W/hardwood floors, crown moulding & oversized window that fills the space with natural light. Kitchen offers ample counter space & large window above the double sink W/scenic views of the backyard. It flows into the dining area where sliding doors lead to back deck, creating a seamless indoor-outdoor connection that is perfect for everyday living & entertaining. Main floor features 3 bedrooms each W/hardwood floors & large windows, along with a 4pc bathroom featuring a shower/tub. Downstairs the finished basement offers excellent in-law potential with its own separate entrance. Spacious recreation area offers wood stove & multiple windows that bring in lots of natural light. A wet bar could easily be converted into a second kitchen while an add'l bedroom, bathroom & laundry area complete the lower level. With some adjustments this flexible setup could be an excellent opportunity for an investor or buyer looking to create an income suite to help offset the mortgage. New AC adds further peace of mind. Outside the triple-wide driveway provides parking for more than 7 cars. Huge 2-tiered deck overlooks expansive backyard & kidney-shaped in-ground pool surrounded by concrete patio. Mature trees create private setting while a shed offers lots of room for seasonal equip & pool accessories. Short stroll to nearby shopping centre offering groceries, LCBO, pharmacy, fitness & more. Edward Johnson PS, Holy Rosary Catholic School & Bullfrog Pond Park are just around the corner. Royal Recreation Trail & scenic Speed River are also nearby. Downtown is 5-min away W/restaurants, boutiques, nightlife & GO Station
Estimate your monthly payments for this property
Estimated Payment
$3,744.77/mo
Includes CMHC insurance ($20,364)
5-yr fixed avg.
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.
Discover General Hospital
General Hospital 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 General Hospital
- •Convenient location in Guelph
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
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
General Hospital 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.
289 SPEEDVALE Avenue, Guelph
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Monthly Cash Flow Breakdown
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's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $664/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.
Market Position
At 17 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Detached Home Advantages
Detached homes in Guelph are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Guelph. Good resale value as demand remains consistent.
About General Hospital
I know General Hospital 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 $3,041 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.