24 Marilyn Drive Unit 704, Guelph

Price: $449,900

2 bedrooms, 1 bathrooms

1,600 sqft

Property Type: Condo

MLS#: X13008252

Welcome to Unit 704 at 24 Marilyn Drive in Guelph - a bright and spacious 2-bedroom condo offering exceptional value and comfort in a convenient location. Step inside to a functional entryway featuring tile flooring and a generous hall closet with in-suite laundry. The thoughtfully designed layout opens into an expansive living and dining area - a standout feature of the home - complete with an electric fireplace and plenty of room for entertaining or relaxing. The dining space easily accommodates a full-size table, making it perfect for hosting family and friends. The kitchen offers solid hardwood cabinetry, a tile backsplash, and a full suite of stainless steel appliances, including a fridge with water and ice maker, dishwasher, and standalone microwave. While classic in style, the space is practical and well-maintained. Both bedrooms are well-proportioned, and the unit features a spacious 5-piece bathroom with ensuite privilege, complete with a tub, and glass shower - ideal for shared living or guests. Additional highlights include new windows, one covered ground-level parking space, and a dedicated storage locker for added convenience. Incredible access to the Guelph Outdoor Recreation Biking Association trails onGuelph Lake. A fantastic opportunity for first-time buyers, downsizers, or investors looking to get into the Guelph market - don't miss your chance to own this spacious condo in a well-established building.

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$449,900 - 24 Marilyn Drive Unit 704, Guelph

Condo for Sale in Guelph

64 days on market
2Beds
1Baths
1,600Sq Ft
Condo
Property Details
MLS Number
X13008252
Property Type
Condo
Status
active
Days on Site
64
Bedrooms
2
Bathrooms
1
Square Feet
1,600 sqft
Neighbourhood
Guelph
Locker
Exclusive
Exposure
South East
Balcony
None
Listing Brokerage
McIntyre Real Estate Services Inc.
Description

Welcome to Unit 704 at 24 Marilyn Drive in Guelph - a bright and spacious 2-bedroom condo offering exceptional value and comfort in a convenient location. Step inside to a functional entryway featuring tile flooring and a generous hall closet with in-suite laundry. The thoughtfully designed layout opens into an expansive living and dining area - a standout feature of the home - complete with an electric fireplace and plenty of room for entertaining or relaxing. The dining space easily accommodates a full-size table, making it perfect for hosting family and friends. The kitchen offers solid hardwood cabinetry, a tile backsplash, and a full suite of stainless steel appliances, including a fridge with water and ice maker, dishwasher, and standalone microwave. While classic in style, the space is practical and well-maintained. Both bedrooms are well-proportioned, and the unit features a spacious 5-piece bathroom with ensuite privilege, complete with a tub, and glass shower - ideal for shared living or guests. Additional highlights include new windows, one covered ground-level parking space, and a dedicated storage locker for added convenience. Incredible access to the Guelph Outdoor Recreation Biking Association trails onGuelph Lake. A fantastic opportunity for first-time buyers, downsizers, or investors looking to get into the Guelph market - don't miss your chance to own this spacious condo in a well-established building.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,308.22/mo

Includes CMHC insurance ($12,552)

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5-yr fixed avg.

Principal: $404,910Interest: $275,004
Mortgage Amount$417,462
Total Interest$275,004
Est. Property Tax$319/mo
Total Cost$692,466

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.

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Neighbourhood Guide: Guelph

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

24 Marilyn Drive Unit 704, Guelph

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,840/mo
Range: $2,414 - $3,266
Cap Rate (ROI)
3.7%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,840
Maintenance Fees-$1,040
Property Tax (est.)-$319
Insurance (est.)-$94
Net Cash Flow+$1,387

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $281/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 64 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.

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    24 Marilyn Drive Unit 704, Guelph | $449,900 | Battaglia Team