$504,000 - 26 Ontario Street Unit 221, Guelph
Condo for Sale in Guelph
60 days on market- MLS Number
- X13021790
- Property Type
- Condo
- Status
- active
- Days on Site
- 60
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Guelph
- Locker
- Exclusive
- Exposure
- North East
- Balcony
- None
- Listing Brokerage
- Coldwell Banker Neumann Real Estate
Experience true loft living in the heart of Guelph's vibrant and historic St. Patrick's Ward. This beautifully designed one-bedroom unit offers 700 sq. ft. of character, charm, and comfort in the award-winning Mill Lofts conversion at 26 Ontario Street.Originally built in 1902 as a spinning mill, the building was transformed between 2003-2004 into 78 boutique residential lofts-carefully preserving its industrial heritage while adding modern sophistication.Inside, you'll find exposed brick, soaring wood-plank ceilings, and oversized windows that flood the space with natural light. The open-concept layout includes an updated kitchen with contemporary finishes, a spacious bedroom retreat, and a cozy living area perfect for relaxing or entertaining.Additional conveniences include:* A designated parking spot* A private storage locker* Condo fees that include heat and water* Average hydro costs of approximately $85/month* Access to a rustic party/meeting room in a separate building on-site* Surface parking for residents and visitorsStep outside and you're just a short walk from downtown Guelph's GO/Train and Transit hub, parks, trails, the farmer's market, boutique shops, pubs, and restaurants. The Ward is one of Guelph's most desirable neighbourhoods-known for its culture, community spirit, and unique urban lifestyle.Units in this building range from 515 sq. ft. studios to two-storey, 1,225 sq. ft. lofts, each showcasing exposed brick, original mechanical features, hardwood accents, and large industrial windows.Don't miss your chance to make this exceptional loft your home. Call today for more details or to schedule a private viewing.
Estimate your monthly payments for this property
Estimated Payment
$2,585.78/mo
Includes CMHC insurance ($14,062)
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.
26 Ontario Street Unit 221, 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 $720/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 60 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.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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 $2,100 (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.