$799,999 - 20 Michael Place, Guelph
Detached for Sale in Guelph
116 days on market- MLS Number
- X12786284
- Property Type
- Detached
- Status
- active
- Days on Site
- 116
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Guelph
- Lot Size
- 9,515 sqft
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Ideal for first time buyers, investors, growing families and those who want to customize their canvas & renovate to your vision or simply move in and enjoy. On a quiet cul de sac, this strong and sturdy home offers exceptional space, flexibility, and pride of ownership. Lovingly maintained by the same family for 18 years, where children grew up and lasting memories were created, showcasing a home built with craftsmanship rarely seen today. The main floor features separate living and dining areas centered around a beautiful double sided fireplace that adds charm while having the capability to heat the entire home. The layout offers incredible versatility with potential to create a full bedroom and washroom on the main level, ideal for elderly family members or multigenerational living. The home is ESA Certified with 200 amp electrical panel plus a separate dedicated 100 amp panel in the secondary garage, perfect for EV charging, workshop use, or future customization. The basement includes a separate entrance and a fully equipped kitchen, creating excellent rental income potential or private extended family living, along with ample storage throughout. Major upgrades provide long term peace of mind including furnace (2014), roof (2018)/w 15 year warranty, driveway (2018), professionally built large garden shed (2021), New AC (2021), owned water softener still under warranty (2024), and all windows and doors replaced between 2024 to 2026 for improved efficiency and modern appeal.
Estimate your monthly payments for this property
Estimated Payment
$4,104.41/mo
Includes CMHC insurance ($22,320)
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.
20 Michael Place, 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 $533/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 116 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.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Guelph.
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 $3,333 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.