$389,900

For sale

#601 55 Yarmouth Street, Guelph (Downtown) - Single Family for Sale

#601 55 Yarmouth Street, Guelph (Downtown), Ontario, N1H7R4

2 beds2 baths1 parking1,100 ft²$715/mo condo feeListed 15 days ago

Overview

This 2-bedroom, 2-bathroom condo in Guelph is for sale offering roughly 1,100 sq ft of space. Listed at $389,900, it is attractively priced about 22% below the $499,000 median asking price in Guelph. It has been on the market 15 days, fresher than the Guelph average of 65 days.

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Description

Downtown Guelph Living At A Price That Stands Out. Thousands Of Dollars Saved. Great Values Priced At Approximately $350 Per Square Foot, Compared With Many New Condominiums Ranging From Approximately $572 To $750 Per Square Foot, As Well As Maintenance Fees Are 73 Cents Per Sqft. Perfect For Empty Nesters And First Time Buyers. Experience Incredible Value In Established Downtown Guelph, Complete With Unobstructed Views And Beautiful Sunsets. This Spacious Residence Offers Approximately 1,115 Square Feet Of Comfortable, Stylish Living. The Suite Features Two Large Bedrooms, Including A Primary Bedroom With A Two-Piece Ensuite, Along With An Open-Concept Living Room, Dining Room And Kitchen Designed For Comfortable Everyday Living And Easy Entertaining. Beautiful Renovations Include Plank Flooring Throughout, An Upgraded Kitchen With An Extended Eating Counter, And A Custom Wall-To-Wall Bookshelf And Wall Unit. Located In The Heart Of Downtown Guelph, You Can Enjoy A Vibrant, Walkable Lifestyle Close To The Wooly Pub, Kanoo Coffee, Cafes, Restaurants, Shops, The Guelph Farmers Market, The GO Station, Bus Routes And The University Of Guelph. It Is A Cool Home, A Great Location And Exceptional Value - Downtown Guelph Living At A Price That Truly Stands Out. Come To Life In Guelph. Sellers Will Pay $300/Month Towards Maintenance Fees For No More Than 12 Months From $714.76 To $414.76. (id:66096)

Property Details

MLS®: X14109218
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 1,100 ft²
Basement: None
Heating: Radiant heat, Natural gas
Cooling: Wall unit
Garage: Garage, Covered
Condo Fee: $715/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $4,468/yr
Listed: 15 days ago

Rooms

Main level

Living room: 8.95 x 3.95 meters
Dining room: 8.95 x 3.95 meters
Kitchen: 4.4 x 3.65 meters
Primary Bedroom: 4.69 x 3.1 meters
Bedroom 2: 4.5 x 3.05 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: Concrete
Exterior: Brick
Lot Features: Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

15d

Guelph (Downtown) listings, avg age

65d

Price / ft²

$355

List price

$390K

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 2-bed single family in Guelph (Downtown) has been listed for 15 days, which is 50 days fresher than the city average of 65. Act while there is still low competition.

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Listed by RE/MAX REALTY SPECIALISTS INC. · JEFFREY D. ATKINSON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1H)

This home lists at $389,900, about 5.1× the local median household income of $77,000.

Carrying it typically needs a household income of about $76,161 (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)

$389,900· $355/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,495

Min 5%50%

Mortgage payment$2,054/mo

↳ CMHC premium ($14,816 capitalized)

Property tax (est.)$372/mo

Condo fee$715/mo

Total monthly$3,141

Cash Needed to Close

Down payment (5%)$19,495

Land transfer tax$4,324

Est. closing costs$3,670

Total cash needed$27,489

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