$1.34M · 4+1 bed Detached Condo · Kortright East, Guelph

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About this home

Welcome to 3 Lovering Lane, a modern and spacious family home in Guelph's prestigious Kortright East neighbourhood. Built in 2021 and exceptionally maintained, this nearly-new 2-storey residence offers an impressive 2,820 sq ft above grade, featuring 5 large bedrooms, 3.5 bathrooms, and a professionally finished legal basement apartment-perfect for multigenerational living or generating rental income to offset your mortgage. The main floor boasts an expansive open-concept layout where the kitche…

Property details

MLS#

X12590628

Status

Buy Now

Beds

4+1

Baths

4 full, 0 half

Size

2750-2999

Style

2-Storey

Type

Detached Condo

Year built

—

Roof: Asphalt Shingle

Condo corp #: 253
Balcony: None
Locker: None
Fees include: Parking Included, Common Elements Included
Pets: Yes-with Restrictions

Garage: 2-car Attached
Garage spaces: 2
Parking: 4 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Stone, Vinyl Siding
Fronting on: —
Cross street: Landsdown Dr/ Lovering Lane
Basement: Apartment, Finished, Separate Entrance, Walk-Up
Stories: 1
Utilities: —
Laundry: In-Suite Laundry, Multiple Locations
Interior: Accessory Apartment, Sump Pump, Water Heater, Water Softener
Parking features: —

Rooms

Level	Room	Dimensions
Main	Great Room	3.65m × 6.7m
Main	Kitchen	3.04m × 3.96m
Main	Dining Room	3.65m × 4.87m
Main	Family Room	5.18m × 6.09m
Second	Primary Bedroom	3.96m × 5.18m
Second	Bedroom 2	3.35m × 6.7m
Second	Bedroom 3	3.35m × 5.48m
Second	Bedroom 4	3.65m × 3.96m
Basement	Bedroom	3.63m × 4.47m
Basement	Kitchen	3.01m × 3.51m
Basement	Living Room	3.51m × 8.7m

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $1,339,900✓ $10,147 tax✓ Gas✓ 2750-2999 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$10,089/mo

incl. closing costs (yr 1)

Annual total

$121,065

year 1

Mortgage only

$5,083/mo

principal + interest

Beyond mortgage

$2,608/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$267,980

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$846/mo

Utilities

Hydro / electricity$111/mo

≈ $0.07/ft² × ~2,875 ft² · ON avg ~$111/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$13,399/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$15/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$23,273

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)50% $60,998/yr

Property taxes28% $33,420/yr

Utilities4% $4,388/yr

Insurance & security1% $1,600/yr

Maintenance11% $13,399/yr

Condo fees2% $2,160/yr

Closing costs4% $5,100/yr

Mortgage is 50% of your true cost of ownership. The other 50% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$60,998	$5,083/mo
Government & taxes
Property tax	$10,147	$846/mo
Land transfer tax(closing)	$23,273	$1,939/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$1,328	$111/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$13,399	$1,117/mo
Condo fees
Condo / HOA fees	$2,160	$180/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$121,065	$10,089/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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3 Lovering Lane

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Property details

Rooms

Sales History

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Annual costs