$479,900

For saleJust listed

#501 150 Wellington Street East, Guelph (Downtown) - Single Family for Sale

#501 150 Wellington Street East, Guelph (Downtown), Ontario, N1H0B5

1 bed1 bath1 parking950 ft²$856/mo condo feeListed Today

Overview

This 1-bedroom, 1-bathroom condo in Guelph is for sale offering roughly 950 sq ft of space. Its $479,900 asking price sits right in line with the $499,000 median in Guelph. It has been on the market 0 days, fresher than the Guelph average of 67 days.

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Description

Sleek finishes, intelligent design, and over 950 square feet of elevated space set Suite 501 in a class of its own. Finished with rich engineered hardwood throughout, the bright layout centers on a living room with a sleek stone electric fireplace and a chef's kitchen featuring solid granite countertops, stainless steel appliances, and designer lighting. The versatile den provides a seamless work-from-home setup, complementing the peaceful primary bedroom and spa-inspired washroom. Beyond the suite, enjoy total peace of mind with secure underground parking, a dedicated locker, and all-inclusive maintenance fees covering heating, cooling, and water. Set within the acclaimed RiverMill Condominium, residents gain access to premier lifestyle amenities-including a dedicated gym, library, media room, a 12,000-square-foot garden terrace, and a magnificent 4,000-square-foot rooftop lounge with BBQs-all just steps from fine dining, riverside trails, and GO Transit. (id:66096)

Property Details

MLS®: X14155888
Property Type: Single Family
Zoning: D.1-22
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 950 ft²
Basement: None
Heating: Forced air, Other
Cooling: Central air conditioning
Garage: Garage, Underground
Fireplace: Yes
Condo Fee: $856/mo
Fee Includes: Common Area Maintenance, Heat, Water, Parking
Ownership: Condo/Strata
Property Tax: $3,829.7/yr

Rooms

Main level

Den: 3.42 x 2.74 meters
Kitchen: 3.96 x 2.81 meters
Living room: 4.72 x 5.79 meters
Primary Bedroom: 3.12 x 4.26 meters
Bathroom: 3.1 x 1.52 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, Microwave, Window Coverings
Foundation: Poured Concrete
Exterior: Concrete, Brick
Lot Features: Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Guelph (Downtown) listings, avg age

67d

Price / ft²

$505

List price

$480K

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 0 days, which is 67 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 $479,900, about 6.2× the local median household income of $77,000.

Carrying it typically needs a household income of about $93,741 (20% down, 25-yr amortization, stress-tested) — roughly 22% 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)

$479,900· $505/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,995

Min 5%50%

Mortgage payment$2,528/mo

↳ CMHC premium ($18,236 capitalized)

Property tax (est.)$319/mo

Condo fee$856/mo

Total monthly$3,703

Cash Needed to Close

Down payment (5%)$23,995

Land transfer tax$6,073

Est. closing costs$3,940

Total cash needed$34,008

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