$499,900

For sale

#405 150 WELLINGTON Street East, Guelph - Single Family for Sale

#405 150 WELLINGTON Street East, Guelph, Ontario, N1H3R2

1 bed1 bath1 parking805 ft²$724/mo condo feeListed 16 days ago

Overview

This 1-bedroom, 1-bathroom condo in Guelph is for sale offering roughly 805 sq ft of space. Listed at $499,900, it is attractively priced about 8% below the $544,900 median asking price in Guelph. It has been on the market 16 days, fresher than the Guelph average of 62 days.

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Description

Experience elevated urban living at River Mill Condos in this thoughtfully designed 805 sq. ft., 1-bedroom, 1-bathroom suite. Flooded with natural light, the open-concept layout features premium hardwood floors, seamlessly connecting the dining space to a welcoming living area anchored by a sleek electric fireplace. The modern kitchen is an entertainer’s dream, equipped with stainless steel appliances and a large quartz peninsula offering ample prep space and seating. The generously sized primary bedroom features a spacious walk-in closet. Enjoy seamless indoor-outdoor living with a direct walk-out from the living room to your private balcony—the perfect retreat for morning coffee or evening sunsets. Residents of River Mill enjoy exceptional amenities, including a fitness centre, party room, theatre, library, BBQ terrace, and a lush rooftop garden. Located just a five-minute walk from downtown Guelph’s vibrant restaurants, boutique shops, and the GO Station, this suite is the ultimate turn-key opportunity for first-time buyers, downsizers, or investors. (id:66096)

Property Details

MLS®: 40872176
Property Type: Single Family
Zoning: D.1
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 805 ft²
Year Built: 2016
Storeys: 1
Style: Other
Basement: None
Heating: Forced air
Cooling: Central air conditioning
Garage: Underground, None
Fireplace: Yes
Condo Fee: $724/mo
Fee Includes

Rooms

Main level

3pc Bathroom
Kitchen: 11'9'' x 13'8''
Bedroom: 10'0'' x 15'1''
Dining room: 11'9'' x 11'0''
Living room: 10'3'' x 11'0''

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

Features

Exterior: Stone, Metal
Lot Features: Balcony

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

16d

Guelph listings, avg age

62d

Price / ft²

$621

List price

$500K

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 has been listed for 16 days, which is 46 days fresher than the city average of 62. Act while there is still low competition.

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Listed by RE/MAX Aboutowne Realty Corp. · LAUREN JAMIESON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1H)

This home lists at $499,900, about 6.5× the local median household income of $77,000.

Carrying it typically needs a household income of about $97,648 (20% down, 25-yr amortization, stress-tested) — roughly 27% above 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)

$499,900· $621/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,995

Min 5%50%

Mortgage payment$2,633/mo

↳ CMHC premium ($18,996 capitalized)

Property tax (est.)$304/mo

Condo fee$724/mo

Total monthly$3,661

Cash Needed to Close

Down payment (5%)$24,995

Land transfer tax$6,473

Est. closing costs$4,000

Total cash needed$35,468

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