$629,900 - 57 SUFFOLK Street Unit 408, Guelph
Condo for Sale in Guelph
New — Listed 2 days ago- MLS Number
- X13430432
- Property Type
- Condo
- Status
- active
- Days on Site
- 2
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 1,000 sqft
- Neighbourhood
- Guelph
- Locker
- Ensuite
- Exposure
- South
- Balcony
- Enclosed
- Listing Brokerage
- Keller Williams Home Group Realty
DOWNTOWN LOFT- 4TH FLOOR BALCONY UNIT: Welcome to 408-57 King Edward Place, a rare offering of a condo in one of Guelph's most recognizable historic buildings. Located in the heart of downtown, this 1 bedroom plus den unit offers character, natural light, and walkable city living just steps to restaurants, parks, shops, and trails.The open concept layout features exposed brick, large wrap-around windows with southwest and northwest exposure, and a spacious living/dining area that's great for everyday living or entertaining. The den/library, once a bedroom, offers flexible space for a home office or reading room, while the large primary bedroom includes access to a private balcony with storage. There is also in unit laundry. The unit has one exclusive use parking space, as well as ample area street parking. This triple-brick building is known for its quiet atmosphere, solid construction, and friendly community. A rare opportunity to own a distinctive downtown condo with historic charm and modern comfort. Walkable to downtown Guelph, Exhibition Park and so much more!
Estimate your monthly payments for this property
Estimated Payment
$3,231.71/mo
Includes CMHC insurance ($17,574)
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.
57 SUFFOLK Street Unit 408, 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 $630/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.
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 $2,625 (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.