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C$782,500

reducedC$

35 KINGSBURY SQUARE Sq, Guelph, Ontario, N1L 0J4

bedrooms 3 Bedroom
|
washrooms 3 Bathroom

MLS - #X11898371

FOR Sale

Description

Luxury Penthouse Condo with Loft and Stunning Views! This exceptional 1 1/2-storey, executive-style condo combines city convenience with countryside tranquility. Nestled on the top floor of a mid-rise, 4-storey building, this spacious unit is one of the largest available, offering **3 bedrooms, 3 bathrooms,** and an impressive **1,639 sq. ft.** including a private terrace overlooking serene forest and green space. Interior Highlights:Bright, Open Concept Layout - High ceilings and abundant natural light enhance the modern aesthetic of the main living space. The living room seamlessly opens onto a large private terrace ideal for morning coffee or evening relaxation with breathtaking views. **Upgraded Kitchen: A chef's dream, features top-of-the-line appliances, elegant countertops, soft-closing cabinets, and premium hardware. **Primary Bedroom: Complete with a full ensuite bathroom and ample closet space. **Versatile Loft: Enjoy privacy in the loft area, featuring its own bathroom, walk-in closet, and office area, perfect for work-from-home needs. **Guest Accommodations - Flexible Den/bedroom: Currently set up as a third bedroom, the den easily adapts as a home office or study space. And a third full bath for guest convenience. **Conveniently close to: GO Transit, public transit, highway 401, this condo ensures effortless commuting. Located near movie theaters, shopping, banks, fitness centers, Pilates studios, daycares, parks, schools, and more. **Building Amenities: Your guests are welcomed by a sophisticated main lobby with high ceilings, modern lighting, an art feature wall, and a cozy fireplace. Entertain effortlessly with two private party lounges, each equipped with a kitchenette and dining area, ideal for gatherings. **Embrace a luxurious lifestyle with a perfect blend of live, work, and play. **Schedule your viewing today** to experience this exquisite condo at Kingsbury firsthand!

Last check for updates

Property type

Condo Townhouse

Style

Loft

Community

Pine Ridge

Lot size

0 Sqft

Garage spaces

N/A

Home Overview

Basement information

None

Virtual tour

Mls® #

X11898371

Building size

1200-1399

Status

Active

Property sub type

Taxes

$5,345

Tax year

2024

Maintenance fee

N/A

Year built

2024

Interior

# total bathrooms

3

# Full baths

3

# of above grade bedrooms

3

# of rooms

8

Family room available

No

Laundry information

Exterior

Construction materials

Brick

Other structures

# garage spaces

N/A

# parking spaces

1

Garage features

Outside/Surface

Has basement (y/n)

No

Has garage (y/n)

Yes

Drive

Amenities / Utilities

Cooling

Central Air

Heat source

Heat type

Forced Air

Sewers

Location

Water source

Area

Wellington

Community

Pine Ridge

Community features

, , , , ,

Directions

10 mins from 401 on Brock/Gordon to Clair Rd. E., turn right, then left on Samuel Dr. and right on Kingsbury. 35 Kinsbury is the building on the far right.

walking  Walk Score for 35 KINGSBURY SQUARE Sq

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1. Determine the purchase price of the home.

2. Calculate the down payment (usually 5-20% of the purchase price in Canada).

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4. Choose a mortgage term (typically 5 years in Canada) and amortization period (usually 25-30 years).

5. Determine the interest rate (check current rates from Canadian lenders).

6. Use a mortgage calculator or formula to determine the monthly payment based on the mortgage amount, interest rate, and amortization period.

7. Factor in additional costs like property taxes, home insurance, and possibly mortgage insurance if the down payment is less than 20%.

8. Consider the impact of making accelerated bi-weekly payments instead of monthly payments to pay off the mortgage faster.

9. Review the total interest paid over the life of the mortgage.

10. Ensure the monthly payments fit within your budget, typically not exceeding 32% of your gross monthly income for housing costs.

Terms Explained

Home Value: The current market value or purchase price of the property.

Down Payment: The initial upfront portion of the total home purchase price paid by the buyer.

Mortgage Amount: The amount borrowed from a lender to purchase the home (Home Value minus Down Payment).

Interest Rate: The percentage charged by the lender for borrowing the money, usually expressed as an annual rate.

Mortgage Term: The length of time your mortgage agreement and interest rate are in effect (typically 1-5 years in Canada).

Amortization Period: The total length of time it will take to pay off the entire mortgage (usually 25-30 years in Canada).

Monthly Payment: The amount paid each month towards the mortgage, including principal and interest.

Principal: The original amount borrowed, which decreases as payments are made.

CMHC Insurance: Mortgage default insurance required for down payments less than 20% of the home's value.

Property Taxes: Annual taxes levied by local governments based on the property's assessed value.

Home Insurance: Coverage to protect the property against damage or loss.

Land Transfer Tax: A tax paid to the provincial government when purchasing a property.

Closing Costs: Additional expenses incurred when finalizing a home purchase (legal fees, inspections, etc.).

Prepayment Privileges: Options to pay extra towards the mortgage without penalties.

Fixed Rate Mortgage: A mortgage where the interest rate remains constant for the term.

Variable Rate Mortgage: A mortgage where the interest rate can fluctuate based on the prime rate.

Refinancing: The process of replacing an existing mortgage with a new one, often to take advantage of better terms or rates.

These terms are commonly used in mortgage calculations and discussions about home financing in Canada.
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