1284 Gordon Street Unit 308, Guelph

Price: $465,000

2 bedrooms, 1 bathrooms

800 sqft

Property Type: Condo

MLS#: X13463550

Welcome to 308-1284 Gordon St, a bright and spacious 2-bedroom + den condo with a private balcony and an unbeatable south-end location just minutes from the University of Guelph, shopping, restaurants and transit! The kitchen offers plenty of cabinetry, ample counter space and a convenient breakfast bar with seating for casual dining or entertaining. The open-concept living room features attractive vinyl plank flooring and a sliding door that leads out to the private balcony, allowing plenty of natural light to pour into the room. Enjoy peaceful views over the surrounding greenery-the perfect spot for morning coffee, studying or unwinding at the end of the day. The spacious primary bedroom features a large window that fills the room with natural light, along with a double closet for excellent storage. A second bedroom provides flexibility for roommates, guests or additional rental income, while the den is ideal for a home office, study space or extra storage. A well-appointed 4-piece bathroom with a shower/tub combination and a vanity with plenty of storage completes the layout. The unit also includes the added convenience of in-suite laundry and a storage locker. Situated in a professionally managed building in Guelph's highly sought-after south-end, this property is exceptionally well-positioned for investors, parents purchasing for university-bound students or buyers looking for a low-maintenance home in a prime location. Just steps from a bus stop with direct access to the University of Guelph and downtown, it offers strong appeal for both students and professionals. Instead of paying rent, this is an opportunity to build equity in a tangible asset while benefiting from consistent rental demand. Conveniently located minutes from Pergola Commons and Stone Road Mall, you'll have easy access to restaurants, shops, grocery stores, the LCBO, the Beer Store and everyday amenities, with quick access to the 401 for commuters

1284 Gordon Street Unit 308 - Condo photo 1 of 14 in Guelph, Ontario
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$465,000 - 1284 Gordon Street Unit 308, Guelph

Condo for Sale in Guelph

Neighbourhood: Kortright East

2Beds
1Baths
800Sq Ft
Condo
Property Details
MLS Number
X13463550
Property Type
Condo
Status
active
Days on Site
18
Bedrooms
2
Bathrooms
1
Square Feet
800 sqft
Neighbourhood
Guelph
Locker
Exclusive
Exposure
South
Balcony
Open
Listing Brokerage
RE/MAX Real Estate Centre Inc
Description

Welcome to 308-1284 Gordon St, a bright and spacious 2-bedroom + den condo with a private balcony and an unbeatable south-end location just minutes from the University of Guelph, shopping, restaurants and transit! The kitchen offers plenty of cabinetry, ample counter space and a convenient breakfast bar with seating for casual dining or entertaining. The open-concept living room features attractive vinyl plank flooring and a sliding door that leads out to the private balcony, allowing plenty of natural light to pour into the room. Enjoy peaceful views over the surrounding greenery-the perfect spot for morning coffee, studying or unwinding at the end of the day. The spacious primary bedroom features a large window that fills the room with natural light, along with a double closet for excellent storage. A second bedroom provides flexibility for roommates, guests or additional rental income, while the den is ideal for a home office, study space or extra storage. A well-appointed 4-piece bathroom with a shower/tub combination and a vanity with plenty of storage completes the layout. The unit also includes the added convenience of in-suite laundry and a storage locker. Situated in a professionally managed building in Guelph's highly sought-after south-end, this property is exceptionally well-positioned for investors, parents purchasing for university-bound students or buyers looking for a low-maintenance home in a prime location. Just steps from a bus stop with direct access to the University of Guelph and downtown, it offers strong appeal for both students and professionals. Instead of paying rent, this is an opportunity to build equity in a tangible asset while benefiting from consistent rental demand. Conveniently located minutes from Pergola Commons and Stone Road Mall, you'll have easy access to restaurants, shops, grocery stores, the LCBO, the Beer Store and everyday amenities, with quick access to the 401 for commuters

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,385.69/mo

Includes CMHC insurance ($12,974)

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5-yr fixed avg.

Principal: $418,500Interest: $284,234
Mortgage Amount$431,474
Total Interest$284,234
Est. Property Tax$329/mo
Total Cost$715,707

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: Kortright East

Discover Kortright East

Kortright East 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 Kortright East

  • 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

Kortright East 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

1284 Gordon Street Unit 308, Guelph

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,200/mo
Range: $1,870 - $2,530
Cap Rate (ROI)
3.2%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$520
Property Tax (est.)-$329
Insurance (est.)-$97
Net Cash Flow+$1,254

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 $581/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.

Market Position

At 18 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.

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 800 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.

About Kortright East

I know Kortright East well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.

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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    1284 Gordon Street Unit 308, Guelph | $465,000 | Battaglia Team