$359,999

$369,999For salePrice drop↓ $10,000 (3%)

#204 64 FREDERICK Drive, Guelph - Single Family for Sale

#204 64 FREDERICK Drive, Guelph, Ontario, N1L0P3

2 beds2 baths1 parking598 ft²$450/mo condo feeListed 59 days ago

Overview

This 2-bedroom, 2-bathroom condo in Guelph is for sale offering roughly 598 sq ft of space. Listed at $359,999, it is attractively priced about 34% below the $544,900 median asking price in Guelph. It has been on the market 59 days, fresher than the Guelph average of 63 days.

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Description

Comfortable 1+1 bedroom condo on Guelph's prestigious South end with 598 Sq. ft. of living space in this sought after location. Features a living room with beautiful natural lighting and a Juliette balcony. equipped with 1 bedroom and 2 bathrooms, that provide great functionality and convenience, with a sizeable Den suitable for an office. Located in a vibrant community full of young families and professionals. Offers quick access to highway 401, nearby schools, everyday essentials, dental office, shopping, and The University of Guelph. This condo is a smart choice for first-time buyers, young couples, bachelors or investors seeking strong rental potential!! Don't miss out! (id:66096)

Property Details

MLS®: 40860987
Property Type: Single Family
Zoning: CR9
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 598 ft²
Storeys: 1
Style: Other
Basement: None
Heating: Heat Pump
Cooling: Central air conditioning
Garage: Open, Visitor Parking
Condo Fee: $450/mo
Ownership: Condo/Strata
Property Tax

Rooms

Main level

Living room: 11'9'' x 9'7''
Kitchen: 13'3'' x 7'9''
2pc Bathroom
3pc Bathroom
Den: 8'11'' x 5'11''
Bedroom: 10'5'' x 12'10''

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

Features

Exterior: Brick, Aluminum siding
Lot Features: Southern exposure, Corner Site, Balcony

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

59d

Guelph listings, avg age

63d

Price / ft²

$602

List price

$360K

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 2-bed single family in Guelph has been listed for 59 days, which is 4 days fresher than the city average of 63. Act while there is still low competition.

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Listed by Re/Max Twin City Realty Inc. · Jason Miller

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1L)

This home lists at $359,999, about 3.2× the local median household income of $114,000.

Carrying it typically needs a household income of about $70,320 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $114,000
Population: 17,474
Median age: 34.8
Owner / renter: 75% / 25%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA N1L)

$359,999· $602/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $17,999.95

Min 5%50%

Mortgage payment$1,896/mo

↳ CMHC premium ($13,680 capitalized)

Property tax (est.)$255/mo

Condo fee$450/mo

Total monthly$2,601

Cash Needed to Close

Down payment (5%)$18,000

Land transfer tax$3,875

Est. closing costs$3,580

Total cash needed$25,455

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