$409,900

For sale

279 Law Drive, Guelph (Grange Road) - Single Family for Sale

279 Law Drive, Guelph (Grange Road), Ontario, N1E7E8

1 bed1 bath2 parking650 ft²$143/mo condo feeListed 22 days ago

Overview

This 1-bedroom, 1-bathroom condo in Guelph is for sale offering roughly 650 sq ft of space. Listed at $409,900, it is attractively priced about 21% below the $519,900 median asking price in Guelph. It has been on the market 22 days, fresher than the Guelph average of 44 days.

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Description

Welcome to sophisticated, low-maintenance living in Guelph's desirable East End. This bright and beautifully maintained single-level townhouse condo with large outdoor terrace offers a thoughtfully designed open-concept layout with modern finishes throughout. The stylish kitchen features a generous island, stainless steel appliances and ample cabinetry, creating the perfect space for everyday living and entertaining. The spacious primary bedroom, with two large closets provides a comfortable retreat for a relaxing nights sleep. Completing the home is a large garage which provides excellent parking and storage and a driveway for an additional vehicle. Enjoy the convenience of low condo fees and a fantastic location close to the University of Guelph, transit, library, recreation centres, shopping and everyday amenities. Clean, bright and move-in ready, this elegant home is an ideal opportunity for investors, first-time buyers, or downsizers. This home brings comfort, style and convenience into one exceptional package. (id:66096)

Property Details

MLS®: X14028160
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 2
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Condo Fee: $143/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,781/yr
Listed: 22 days ago

Rooms

Main level

Primary Bedroom: 2.79 x 3.48 meters
Living room: 4.57 x 3.23 meters
Bathroom: 2.36 x 1.5 meters
Kitchen: 3.43 x 2.01 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Exterior: Brick, Vinyl siding
Lot Features: In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

22d

Guelph (Grange Road) listings, avg age

44d

Price / ft²

$631

List price

$410K

Homes here sell faster than most markets

Sold homes in this market spent an average of 38 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 97.5 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This 1-bed single family in Guelph (Grange Road) has been listed for 22 days, which is 22 days fresher than the city average of 44. Act while there is still low competition.

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Listed by RE/MAX Real Estate Centre Inc · TYLER BOOTHE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1E)

This home lists at $409,900, about 4.3× the local median household income of $96,000.

Carrying it typically needs a household income of about $80,068 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $96,000
Population: 44,799
Median age: 38.4
Owner / renter: 74% / 26%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA N1E)

$409,900· $631/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $20,495

Min 5%50%

Mortgage payment$2,159/mo

↳ CMHC premium ($15,576 capitalized)

Property tax (est.)$232/mo

Condo fee$143/mo

Total monthly$2,534

Cash Needed to Close

Down payment (5%)$20,495

Land transfer tax$4,673

Est. closing costs$3,730

Total cash needed$28,898

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