$549,900 - 240 LONDON Road Unit 71, Guelph
Condo for Sale in Guelph
New — Listed 5 days agoNeighbourhood: Exhibition Park
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- MLS Number
- X13856894
- Property Type
- Condo
- Status
- active
- Days on Site
- 5
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,200 sqft
- Neighbourhood
- Guelph
- Taxes (2026)
- $4,215
- Maintenance Fees
- $375/mo
- Locker
- None
- Exposure
- South
- Balcony
- None
- Listing Brokerage
- RE/MAX Real Estate Centre Inc
Welcome to 71-240 London Rd W, a spacious 3-bedroom townhome with a finished basement, private fully fenced yard and an unbeatable central location within walking distance of Downtown Guelph! The main level offers a bright, open-concept layout with a large kitchen featuring fresh white cabinetry, a classic subway tile backsplash and plenty of counter and storage space. It flows seamlessly into the living and dining area, where laminate floors and sliding glass doors bring in plenty of natural light while providing direct access to the secluded backyard. A convenient powder room completes this level. Upstairs, the massive primary bedroom offers an impressive amount of space, with his-and-hers closets, multiple large windows and a bonus open area that would make an excellent dressing area, home office or cozy reading nook. Two additional generously sized bedrooms offer ample closet space, while a 4-piece bathroom with a shower/tub combination serves the upper level. The finished basement provides even more living space with a large recreation room offering plenty of flexibility for a movie room, home gym, playroom or office. With some adjustments, the space could also potentially be used as a guest bedroom. A 3-piece bathroom adds even more functionality to this level. Outside, the fully fenced backyard offers a private patio surrounded by mature trees, creating a peaceful setting for summer barbecues, outdoor dining or simply unwinding at the end of the day. A rear gate provides convenient access to the grassy common area beyond. The location is hard to beat! Just down the street, beautiful Exhibition Park offers playground equipment, a wading pool, tennis and pickleball courts, sports fields and plenty of green space. You're also within walking distance of Downtown Guelph, with its fantastic restaurants, cafes, bakeries, shops, nightlife and GO Station. Easy access to the Hanlon Parkway makes commuting around the city or out of town a breeze
Estimate your monthly payments for this property
Estimated Payment
$2,821.27/mo
Includes CMHC insurance ($15,342)
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 Exhibition Park
Exhibition Park 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 Exhibition Park
- •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
Exhibition Park 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.
240 LONDON Road Unit 71, 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 $458/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. The $375/month fees should cover building insurance, common elements, and reserve contributions.
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.
About Exhibition Park
I know Exhibition Park 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.