$665,000 - 146 Downey Road Unit 28, Guelph
Condo for Sale in Guelph
58 days on market- MLS Number
- X13029508
- Property Type
- Condo
- Status
- active
- Days on Site
- 58
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,400 sqft
- Neighbourhood
- Guelph
- Locker
- None
- Exposure
- South East
- Balcony
- None
- Listing Brokerage
- Coldwell Banker Neumann Real Estate
Welcome to the beautiful Kortright Hills in Guelph. This is a highly desirable community full of greenspace, trails and parks but still very accessible to many amenities including great schools, the YMCA and the University of Guelph just to name a few. 146 Downey Road is a small enclave of beautiful townhomes positioned just before the city limit. However, the bus line is steps away providing easy access anywhere you may desire. Its proximity to the Hanlon Parkway makes it an ideal home for commuters. Unit 28 is a spacious, semi-detached which has been impeccably maintained and finished in neutral tones. With 3 bedrooms and two and a half bathrooms this home offers lovely finishes on two levels, and the fact it is an end unit provides more privacy and light due to the extra windows. The basement, approximately 600 sq ft, is unfinished and ready for you to complete according to your needs. An attached garage and a driveway spot along with guest parking is a bonus. This home is ideal for downsizers, families, or a parent with a child attending the University. It offers low maintenance living in a tranquil setting while close to public transit, shopping, and dining. Do not miss out and come and see it during one of the open houses or by appointment.
Estimate your monthly payments for this property
Estimated Payment
$3,411.79/mo
Includes CMHC insurance ($18,554)
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.
146 Downey Road Unit 28, 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 $475/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.
Negotiation Opportunity
At 58 days on site, this property has exceeded the typical selling timeline for Guelph. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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.
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.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $2,771 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.