$714,999 - 295 Water Street Unit 85, Guelph
Condo for Sale in Guelph
New — Listed yesterday- MLS Number
- X13246634
- Property Type
- Condo
- Status
- active
- Days on Site
- 1
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,400 sqft
- Neighbourhood
- Guelph
- Locker
- None
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- M1 Real Estate Brokerage Ltd
Welcome to this beautifully updated 3-bedroom, two and a half-bathroom three-level townhome, ideally situated in a fantastic location, backing onto peaceful green space and the scenic Speed River. Offering the perfect balance of comfort, style, and natural surroundings, this move-in-ready home is sure to impress. The heart of the home is the recently renovated kitchen, featuring elegant granite countertops, modern cabinetry, and new appliances-perfect for everyday living and entertaining alike. Freshly installed carpeting throughout the third level add warmth and a fresh, contemporary feel.The spacious primary bedroom features a walk-in closet and en suite with walk-in shower. The fully finished lower level provides an inviting additional living space, highlighted by custom built-in shelving and a cozy fireplace, creating the perfect setting for movie nights, a home office, or a relaxing family room.Major updates provide added peace of mind, including a newer furnace (2021), new appliances, and brand-new carpet. Step outside and enjoy the privacy and beauty of your backyard setting, with direct views of lush greenspace and the river beyond.Conveniently located close to parks, schools, shopping, and commuter routes, this exceptional townhome offers a rare opportunity to enjoy updated living in a sought-after natural setting. Don't miss your chance to call this beautiful property home.
Estimate your monthly payments for this property
Estimated Payment
$3,668.31/mo
Includes CMHC insurance ($19,948)
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.
295 Water Street Unit 85, 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 $511/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.
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 $2,979 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.