$370,000 - 208 Silvercreek Parkway Unit 205, Guelph
Condo for Sale in Guelph
73 days on market- MLS Number
- X12964820
- Property Type
- Condo
- Status
- active
- Days on Site
- 73
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Guelph
- Locker
- None
- Exposure
- South East
- Balcony
- Juliette
- Listing Brokerage
- LifeStyle International Realty Inc
Are you looking for a new home, to potentially downsize while still maintaining your entertaining and hosting skills? Lutheridge is a small 34-unit building consisting of active, friendly seniors looking for a new neighbour! Welcome home to this large, beautiful, two bedroom unit has almost 1,300 square feet of finished living space for you to enjoy. The oversized primary bedroom features a large walk-in closet, private 3-piece washroom, and room for an office or sitting room within this large bedroom. In addition to the bedroom closets you have added storage space in the foyer closet, as well as the utility room, which features your own in-suite laundry. The kitchen boasts ample storage, a dishwasher and an eat-in space large enough for a bistro-style dining set. This unit also has a formal dining room, and spacious living room which makes this a wonderful unit for entertaining family and guests. When you require additional space for large gatherings you can use the common room, and for overnight or out of town guests, for a small fee you can rent the guest suite. You also have access to the gym, library, and a fully stocked workshop for all your mending and tinkering needs. LSRC is a not for profit, non-denominational, senior lifestyle community. Its intent is to provide quality, reasonably priced senior lifestyle living for those living in Guelph. In addition, it is the wish of Lutheridge Seniors Residential Corporation to foster an atmosphere of positivity, and community for the benefit of all its residents. Lutheridge is a non-smoking building. This property is a Life Lease building, and requires cash only offers as no mortgage can be registered against a life lease, however no land transfer tax, or legal fees are paid on closing. The monthly fee includes property taxes and municipal water.
Estimate your monthly payments for this property
Estimated Payment
$1,898.29/mo
Includes CMHC insurance ($10,323)
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.
208 Silvercreek Parkway Unit 205, 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 $308/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 73 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.
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.