358 Waterloo Avenue Unit 606, Guelph

Price: $319,999

1 bedrooms, 1 bathrooms

900 sqft

Property Type: Condo

MLS#: X13437896

One of Guelph's most afforadable condos, great opportunity for first time home buyers or someone looking to downsize. This condo has a bright open concept layout with huge windows with Southern facing views. Recently painted and new luxury vinyl installed in the kitchen and bathroom. *Note: Some photos are virtually staged**The building has friendly residents and is a smoke and pet free property. Residents have access to building amenities including a sauna, fitness room and party room. There is a private picnic area with BBQ,s and sitting area for summer fun and relaxation. This condo offers flex space with a good size den and insuite laundry. The condo is perfectly located close to highways, short walk to parks, shops. and downtown Guelph.

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New Listing
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$319,999 - 358 Waterloo Avenue Unit 606, Guelph

Condo for Sale in Guelph

New — Listed yesterday
1Beds
1Baths
900Sq Ft
Condo
Property Details
MLS Number
X13437896
Property Type
Condo
Status
active
Days on Site
1
Bedrooms
1
Bathrooms
1
Square Feet
900 sqft
Neighbourhood
Guelph
Lot Size
106,186 sqft
Locker
None
Exposure
South
Balcony
None
Listing Brokerage
REAL BROKER ONTARIO LTD.
Description

One of Guelph's most afforadable condos, great opportunity for first time home buyers or someone looking to downsize. This condo has a bright open concept layout with huge windows with Southern facing views. Recently painted and new luxury vinyl installed in the kitchen and bathroom. *Note: Some photos are virtually staged**The building has friendly residents and is a smoke and pet free property. Residents have access to building amenities including a sauna, fitness room and party room. There is a private picnic area with BBQ,s and sitting area for summer fun and relaxation. This condo offers flex space with a good size den and insuite laundry. The condo is perfectly located close to highways, short walk to parks, shops. and downtown Guelph.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,641.76/mo

Includes CMHC insurance ($8,928)

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5-yr fixed avg.

Principal: $287,999Interest: $195,601
Mortgage Amount$296,927
Total Interest$195,601
Est. Property Tax$227/mo
Total Cost$492,528

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 606, Guelph

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$1,880/mo
Range: $1,598 - $2,162
Cap Rate (ROI)
3.8%
Fair

Monthly Cash Flow Breakdown

Rental Income+$1,880
Maintenance Fees-$585
Property Tax (est.)-$227
Insurance (est.)-$67
Net Cash Flow+$1,001

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 $356/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.

Efficient Living

At 900 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.

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 606, G… — $319,999 | Battaglia Team