$359,900

For sale

#408 415 Grange Road, Guelph (Grange Road) - Single Family for Sale

#408 415 Grange Road, Guelph (Grange Road), Ontario, N1E0C4

1 bed1 bath1 parking650 ft²$318/mo condo feeListed 14 days ago

Overview

This 1-bedroom, 1-bathroom condo in Guelph is for sale offering roughly 650 sq ft of space. Listed at $359,900, it is attractively priced about 31% below the $519,900 median asking price in Guelph. It has been on the market 14 days, fresher than the Guelph average of 44 days.

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Description

Welcome to 415 Grange Road, Unit 408! This bright and well-maintained top-floor 1-bedroom, 1-bathroom condo offers comfortable living in a convenient Guelph location. Enjoy an abundance of natural light throughout the unit, along with lovely views from this desirable top-floor position. The thoughtfully laid-out space is clean, inviting and move-in ready, featuring in-suite laundry, a private balcony, an exclusive storage locker and 1 parking space. Ideally located close to schools, parks, green spaces and walking areas, with convenient access to everyday amenities and transit. A wonderful opportunity for first-time buyers, downsizers, professionals or investors looking for a well-kept condo in a great location. (id:66096)

Property Details

MLS®: X14101234
Property Type: Single Family
Zoning: R4B
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: No Garage
Condo Fee: $318/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,794.54/yr
Listed: 14 days ago

Rooms

Main level

Bathroom: 1.92 x 2.44 meters
Bedroom: 3.2 x 4.88 meters
Dining room: 3.52 x 1.97 meters
Kitchen: 3.52 x 3.02 meters
Laundry room: 1.94 x 1.66 meters
Living room: 3.52 x 2.9 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, Hood Fan
Exterior: Brick
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

14d

Guelph (Grange Road) listings, avg age

44d

Price / ft²

$554

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 1-bed single family in Guelph (Grange Road) has been listed for 14 days, which is 30 days fresher than the city average of 44. Act while there is still low competition.

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Listed by Royal LePage Royal City Realty · ANDRA ARNOLD

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1E)

This home lists at $359,900, about 3.7× the local median household income of $96,000.

Carrying it typically needs a household income of about $70,301 (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)

$359,900· $554/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $17,995

Min 5%50%

Mortgage payment$1,896/mo

↳ CMHC premium ($13,676 capitalized)

Property tax (est.)$233/mo

Condo fee$318/mo

Total monthly$2,446

Cash Needed to Close

Down payment (5%)$17,995

Land transfer tax$3,874

Est. closing costs$3,580

Total cash needed$25,449

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