$669,000 - 1878 Gordon Street Unit 506, Guelph
Condo for Sale in Guelph
New — Listed 3 days ago- MLS Number
- X13424328
- Property Type
- Condo
- Status
- active
- Days on Site
- 3
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Guelph
- Locker
- Owned
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Welcome To Gordon Square, One Of South Guelph's Most Sought-After Luxury Condominium Communities. This Rarely Offered Suite Offers An Impressive 1,212 Sq. Ft. Of Beautifully Designed Living Space Featuring 2 Bedrooms Plus A Spacious Den, 2 Full 4-Piece Bathrooms, 1 Underground Parking Space, And A Private Locker. Designed For Both Comfort And Sophisticated Living, The Open-Concept Layout Showcases Generous Principal Rooms, Large Windows, And A Predominantly North-Facing Exposure Offering Peaceful Panoramic Views And Abundant Natural Light. The Spacious Living Area Is Anchored By A Stunning Fireplace Feature Wall, Creating A Warm And Elegant Focal Point Perfect For Relaxing Or Entertaining. The Versatile Den Provides An Ideal Space For A Home Office, Reading Lounge, Or Guest Accommodation. The Well-Appointed Kitchen Flows Seamlessly Into The Living And Dining Areas, While The Primary Retreat Features A Full 4-Piece Ensuite And Ample Closet Space. A Second Spacious Bedroom And Additional Full Bathroom Offer Exceptional Flexibility For Families, Professionals, Downsizers, Or Investors. Step Outside To Your Private 63 Sq. Ft. Balcony And Enjoy The Beautiful Open Views. Residents Of Gordon Square Enjoy A Truly Maintenance-Free Lifestyle With Exceptional Building Amenities Including A Fully Equipped Fitness Centre, Party & Meeting Rooms, Recreation Facilities, Guest Suites, Bike Storage, Visitor Parking, BBQ Areas, And More. Ideally Located In Vibrant South Guelph, Just Minutes To Shopping, Restaurants, Parks, Trails, Transit, The University Of Guelph, And Major Commuter Routes. Offering The Space And Functionality Of A House Combined With The Convenience And Luxury Of Condominium Living, This Is A Rare Opportunity To Own One Of The Largest And Most Desirable Floor Plans In The Building.
Estimate your monthly payments for this property
Estimated Payment
$3,432.32/mo
Includes CMHC insurance ($18,665)
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.
1878 Gordon Street Unit 506, 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 $558/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Guelph's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
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 $2,788 (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.