$379,900

$389,900For salePrice drop↓ $10,000 (3%)

#208 5 Gordon Street, Guelph (Downtown) - Single Family for Sale

#208 5 Gordon Street, Guelph (Downtown), Ontario, N1H4G8

1 bed1 bath1 parking650 ft²$399/mo condo feeListed 49 days ago

Overview

This 1-bedroom, 1-bathroom condo in Guelph is for sale offering roughly 650 sq ft of space. Listed at $379,900, it is attractively priced about 24% below the $499,000 median asking price in Guelph. It has been on the market 49 days, fresher than the Guelph average of 67 days.

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Description

DOWNTOWN LIVING, RIGHT WHERE YOU WANT TO BE! This inviting 1 Bedroom + Den condo is perfectly positioned on the 2nd floor, just steps from Guelph's Farmers' Market and all the shops, restaurants, cafés, entertainment and energy that make downtown living so appealing. Freshly painted throughout, this move-in-ready unit offers a well-designed layout with a good-sized bedroom, versatile den-perfect for a home office, reading nook or additional living space-and a 4-piece bathroom. The kitchen features stainless steel appliances and great counter and cupboard space, while the convenience of a dedicated laundry room adds to the functionality of this great home. One dedicated parking spot is included, making this a fantastic combination of downtown lifestyle and everyday practicality. Whether you're a first-time buyer, downsizing, looking for a low-maintenance home, or seeking an investment opportunity, this is your chance to enjoy everything Downtown Guelph has to offer, right outside your door. Walk to the market. Walk to coffee. Walk to dinner. Walk to everything. Leave the car in your parking spot and enjoy downtown Guelph at your doorstep! (id:66096)

Property Details

MLS®: X13789616
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: Apartment in basement, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $399/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,571.64/yr
Listed: 49 days ago

Rooms

Main level

Bathroom: 2.35 x 1.25 meters
Bedroom: 4.63 x 2.47 meters
Den: 2.84 x 2.29 meters
Kitchen: 4.27 x 3.44 meters
Living room: 4.76 x 3.26 meters
Utility room: 0.98 x 0.88 meters

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

Features

Appliances: Refrigerator, Dishwasher, Stove, Microwave
Exterior: Brick
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

49d

Guelph (Downtown) listings, avg age

67d

Price / ft²

$585

List price

$380K

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 (Downtown) has been listed for 49 days, which is 18 days fresher than the city average of 67. Act while there is still low competition.

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Listed by M1 Real Estate Brokerage Ltd · MARY MCEACHERN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1H)

This home lists at $379,900, about 4.9× the local median household income of $77,000.

Carrying it typically needs a household income of about $74,208 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $77,000
Population: 42,178
Median age: 41.2
Owner / renter: 54% / 46%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N1H)

$379,900· $585/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $18,995

Min 5%50%

Mortgage payment$2,001/mo

↳ CMHC premium ($14,436 capitalized)

Property tax (est.)$298/mo

Condo fee$399/mo

Total monthly$2,697

Cash Needed to Close

Down payment (5%)$18,995

Land transfer tax$4,174

Est. closing costs$3,640

Total cash needed$26,809

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