$389,000

For saleJust listed

#406 5 Gordon Street, Guelph (Downtown) - Single Family for Sale

#406 5 Gordon Street, Guelph (Downtown), Ontario, N1H4G8

1 bed1 bath1 parking650 ft²$417/mo condo feeListed 6 days ago

Overview

This 1-bedroom, 1-bathroom condo in Guelph is for sale offering roughly 650 sq ft of space. Listed at $389,000, it is attractively priced about 22% below the $499,000 median asking price in Guelph. It has been on the market 6 days, fresher than the Guelph average of 67 days.

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Description

Offering an ideal mix of vibrant downtown Guelph living and expansive views, Unit 406 at 5 Gordon Street pairs a prime downtown location with a rare southeast exposure overlooking the Speed River, The Cutten Club, and the University of Guelph campus. Inside, a functional open-concept layout maximizes space and natural light, featuring a practical kitchen with crisp cabinetry and stainless steel appliances that connects seamlessly to the main living area and private balcony. Enjoy your morning coffee while taking in beautiful sunrises and the exceptional views from this elevated position. The spacious bedroom comfortably accommodates a complete bedroom set, complemented by a modern, updated 4-piece bath. The location puts the best of the city at your doorstep, with local favourites like Balzac's Coffee right downstairs, the Farmers' Market across the street, and the GO Station just a short walk away. Complete with dedicated underground parking, low-maintenance condo fees covering water and insurance, and the option to include the existing furniture at no additional cost, this turn-key 1-bedroom suite offers exceptional value in the heart of the city. (id:66096)

Property Details

MLS®: X14128114
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Underground, No Garage
Condo Fee: $417/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,354.48/yr
Listed: 6 days ago

Rooms

Main level

Living room: 4.47 x 3.22 meters
Kitchen: 3.88 x 2.66 meters
Other: 2.18 x 1.06 meters
Bedroom: 4.26 x 2.94 meters
Bathroom: 1.62 x 1.14 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
Foundation: Poured Concrete
Exterior: Concrete, Brick
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Guelph (Downtown) listings, avg age

67d

Price / ft²

$599

List price

$389K

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 6 days, which is 61 days fresher than the city average of 67. Act while there is still low competition.

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Listed by Planet Realty Inc · REECE LAFONTAINE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1H)

This home lists at $389,000, about 5.1× the local median household income of $77,000.

Carrying it typically needs a household income of about $75,985 (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)

$389,000· $599/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,450

Min 5%50%

Mortgage payment$2,049/mo

↳ CMHC premium ($14,782 capitalized)

Property tax (est.)$280/mo

Condo fee$417/mo

Total monthly$2,745

Cash Needed to Close

Down payment (5%)$19,450

Land transfer tax$4,310

Est. closing costs$3,667

Total cash needed$27,427

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