$765,000 - 166 WATERLOO Avenue, Guelph
Detached for Sale in Guelph
63 days on market- MLS Number
- X13013468
- Property Type
- Detached
- Status
- active
- Days on Site
- 63
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Guelph
- Listing Brokerage
- RE/MAX Real Estate Centre Inc
166 Waterloo Ave is a beautifully updated 4-bdrm red brick century home that blends timeless charm W/modern comfort in one of Guelph's most desirable central locations! You're welcomed by charming enclosed sunroom-inviting space to enjoy your morning coffee while keeping coats & shoes neatly tucked away. Inside glass-panelled French doors open to bright living & dining space where high ceilings, rich hardwood floors & oversized windows fill the home W/natural light. Kitchen has been thoughtfully updated W/white cabinetry, backsplash, S/S appliances & leathered granite countertops. Upstairs, solid wood stairs lead to 3 spacious bdrms each W/hardwood floors & large windows. The main bathroom is well-appointed W/sleek quartz vanity & tiled shower/tub. Large W/I closet offers the potential to be converted into an ensuite W/plumbing already behind the wall. Upper loft level adds incredible flexibility W/2 areas that can be used as 4th bdrm, home office, playroom or secondary living space, perfect for growing families & guests. Finished bsmt extends the living space W/large rec room & gas stove that creates a warm & inviting atmosphere. With separate side entrance & full bathroom this level offers excellent potential for an in-law suite or income opportunity. Step outside to private backyard W/deck, perennial gardens & mature trees-ideal for relaxing, entertaining or enjoying quiet evenings. Detached garage along W/ample driveway parking adds everyday convenience. Home has been well maintained W/key updates: windows 2010 & 2017, plumbing & sewer line 2015, 100amp electrical 2015, roof 2021 W/20yr warranty, water softener 2017, hot water tank 2022 & deck 2015. Around the corner from Royal Recreation Trail along the river & only a short walk to downtown, you'll enjoy access to restaurants, boutiques, nightlife, entertainment, GO Station as well as nearby parks & schools. Rare opportunity to own a character-filled home W/modern updates, income potential & unbeatable location
Estimate your monthly payments for this property
Estimated Payment
$3,924.85/mo
Includes CMHC insurance ($21,344)
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.
166 WATERLOO Avenue, 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 $510/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 63 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.
Detached Home Advantages
Detached homes in Guelph are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Guelph. Good resale value as demand remains consistent.
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 $3,188 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.