358 WATERLOO Avenue Unit 205, Guelph

Price: $399,900

2 bedrooms, 2 bathrooms

1,000 sqft

Property Type: Condo

MLS#: X12665480

Welcome to 205-358 Waterloo Ave. This 2 Bedroom + Den, 2 Washrooms, Approximately 1197 Sq Ft, Recently Upgraded Home Has So Much To Offer -- Hardwood Floors Throughout, Enormous Living/Dining Area, Beautiful Kitchen With Attractive White Cabinetry, Ceramic Floor, Granite Countertop, And Just The Right Amount Of Storage. The Den With Its Bright Large Window Is Convenient For A Home Office. Ideally Located Close To All Amenities.

358 WATERLOO Avenue Unit 205 - Condo photo 1 of 11 in Guelph, Ontario
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$399,900 - 358 WATERLOO Avenue Unit 205, Guelph

Condo for Sale in Guelph

107 days on market
2Beds
2Baths
1,000Sq Ft
Condo
Property Details
MLS Number
X12665480
Property Type
Condo
Status
active
Days on Site
107
Bedrooms
2
Bathrooms
2
Square Feet
1,000 sqft
Neighbourhood
Guelph
Locker
None
Exposure
South
Balcony
None
Listing Brokerage
Keller Williams Home Group Realty
Description

Welcome to 205-358 Waterloo Ave. This 2 Bedroom + Den, 2 Washrooms, Approximately 1197 Sq Ft, Recently Upgraded Home Has So Much To Offer -- Hardwood Floors Throughout, Enormous Living/Dining Area, Beautiful Kitchen With Attractive White Cabinetry, Ceramic Floor, Granite Countertop, And Just The Right Amount Of Storage. The Den With Its Bright Large Window Is Convenient For A Home Office. Ideally Located Close To All Amenities.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,051.69/mo

Includes CMHC insurance ($11,157)

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5-yr fixed avg.

Principal: $359,910Interest: $244,441
Mortgage Amount$371,067
Total Interest$244,441
Est. Property Tax$283/mo
Total Cost$615,508

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

358 WATERLOO Avenue Unit 205, Guelph

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,360/mo
Range: $2,006 - $2,714
Cap Rate (ROI)
4.0%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,360
Maintenance Fees-$650
Property Tax (est.)-$283
Insurance (est.)-$83
Net Cash Flow+$1,344

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 $400/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 107 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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    358 WATERLOO Avenue Unit 205, Guelph | $399,900 | Battaglia Team