$569,000 - 104 Summit Ridge Drive Unit 102, Guelph
Condo for Sale in Guelph
- MLS Number
- X13169530
- Property Type
- Condo
- Status
- active
- Days on Site
- 23
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Guelph
- Locker
- Owned
- Exposure
- North East
- Balcony
- Enclosed
- Listing Brokerage
- Coldwell Banker Neumann Real Estate
Rare opportunity to own a beautifully maintained 3-bedroom, 2 full bathroom corner end-unit condo in the highly desirable Grange Hill East neighborhood featuring TWO OWNED PARKING SPOTS, an extremely hard-to-find feature in condo living! Whether you have a two-car household, frequent guests, or simply want the added convenience and long-term value, these two owned parking spaces truly set this unit apart. Pride of ownership is evident throughout this bright and spacious one-owner home. The open-concept layout is filled with natural light and showcases luxurious vinyl flooring, upgraded lighting fixtures, quartz countertops throughout with under-mount sinks, and a modern kitchen featuring upgraded shaker-style cabinetry, premium appliances, ample counter space, and a large island perfect for entertaining. The spacious living area opens to a private balcony overlooking peaceful green space, offering a quiet retreat to relax and unwind. Additional features include in-suite laundry, a large secured storage locker, and access to a well-equipped gym conveniently located within the building. Ideally located close to the University of Guelph, downtown Guelph, scenic trails, Pollinators Park, schools, transit, grocery stores, restaurants, and all major amenities. This move-in ready condo offers exceptional value for first-time buyers, downsizers, families, or investors alike. Opportunities like this, especially with two owned parking spots, rarely come available. Book your private showing today!
Estimate your monthly payments for this property
Estimated Payment
$2,919.26/mo
Includes CMHC insurance ($15,875)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Guelph
Guelph is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Guelph
- •Convenient location in Guelph
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Guelph offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
104 Summit Ridge Drive Unit 102, Guelph
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $632/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 23 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Efficient Living
At 900 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Investment Perspective
Looking at this as an investment: Guelph properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,371 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.