$339,000

$349,000For salePrice drop↓ $10,000 (3%)

#508 55 Yarmouth Street, Guelph (Downtown) - Single Family for Sale

#508 55 Yarmouth Street, Guelph (Downtown), Ontario, N1H7R4

1 bed1 bath1 parking850 ft²$693/mo condo feeListed 22 days ago

Overview

This 1-bedroom, 1-bathroom condo in Guelph is for sale offering roughly 850 sq ft of space. Listed at $339,000, it is attractively priced about 32% below the $499,000 median asking price in Guelph. It has been on the market 22 days, fresher than the Guelph average of 67 days.

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Description

Bright and Hip Downtown Living Awaits at Suite 508, 55 Yarmouth Street. Freshly revitalized with new Bigelow flooring, a full interior repaint, new kitchen countertops, and a brand-new stove, this bright one-bedroom suite combines modern comfort with an unbeatable central address.The light-filled, open-concept floor plan features large east-facing windows and a functional layout designed for seamless everyday living. The oversized primary bedroom offers a large walk-in closet and ample space for a home office setup. Notable conveniences include in-suite laundry, dedicated surface parking, and condo fees covering heat and water.Located just steps from downtown Guelph's vibrant shops, restaurants, scenic trails, the GO Station, and the new Central Library, this property offers an exceptional blend of lifestyle, walkability, and value. (id:66096)

Property Details

MLS®: X14004176
Property Type: Single Family
Zoning: D.1-5
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 850 ft²
Basement: None
Heating: Radiant heat, Natural gas
Cooling: Wall unit
Garage: No Garage
Condo Fee: $693/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,587/yr
Listed: 22 days ago

Rooms

Main level

Living room: 3.6 x 5.8 meters
Dining room: 3.6 x 3.3 meters
Kitchen: 3.4 x 3.9 meters
Primary Bedroom: 3.4 x 7.9 meters
Bathroom: 2.3 x 2.3 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, Intercom, Dishwasher, Stove, Dryer
Exterior: Concrete, Brick
Lot Features: In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

22d

Guelph (Downtown) listings, avg age

67d

Price / ft²

$399

List price

$339K

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 22 days, which is 45 days fresher than the city average of 67. Act while there is still low competition.

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Listed by Royal LePage Royal City Realty · SABRINA ESSERY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1H)

This home lists at $339,000, about 4.4× the local median household income of $77,000.

Carrying it typically needs a household income of about $66,219 (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)

$339,000· $399/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $16,950

Min 5%50%

Mortgage payment$1,786/mo

↳ CMHC premium ($12,882 capitalized)

Property tax (est.)$299/mo

Condo fee$693/mo

Total monthly$2,778

Cash Needed to Close

Down payment (5%)$16,950

Land transfer tax$3,560

Est. closing costs$3,517

Total cash needed$24,027

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