$1,800,000 - 280 Palmer Street, Guelph
Detached for Sale in Guelph
New — Listed 6 days agoNeighbourhood: St. George's
- MLS Number
- X13499774
- Property Type
- Detached
- Status
- active
- Days on Site
- 6
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Guelph
- Listing Brokerage
- Coldwell Banker Neumann Real Estate
Nestled on just under an acre in the heart of Guelph, Wood Cottage is a remarkable one-and-a-half-storey log home that blends architectural significance with historic charm. Built in 1853 in the Regency style, this distinctive residence features a central gable roof flanked by lean-to frame structures on either side. Expansive main-floor windows frame beautiful views of the property's mature landscape.Lovingly preserved and restored by the current owners for over 65 years, Wood Cottage has been home to only three families throughout its storied history - a quiet measure of how deeply loved this home is. Set high above Stevenson Street at Palmer Street, the nearly one-acre lot is shaded by magnificent trees that form a stunning canopy and an exceptional sense of privacy. As you travel up the private driveway, the pace of city life seems to fall away, replaced by a peaceful, secluded calm.Inside, a welcoming front hallway leads to a formal living room with large windows overlooking the grounds and a wood-burning fireplace. Two main-floor bedrooms offer abundant natural light and distinctive barrel-vaulted ceilings that speak to the home's unique character. At the rear, the formal dining room connects to the kitchen and breakfast nook, while a three-piece bathroom and main-floor laundry add everyday convenience.Upstairs, a charming half-storey room - once the children's bedroom - offers flexible space for a guest room, home office, or creative studio. The property also features a secondary log house from the Luther Marsh area, in northern Wellington County. In 1966 the one-story house was moved to Wood Cottage, for both preservation and to provide additional storage. Wood Cottage is more than a home. It is a treasured piece of Guelph's heritage and a rare opportunity to become the next steward of this extraordinary property.
Estimate your monthly payments for this property
Estimated Payment
$7,962.01/mo
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 St. George's
St. George's 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 St. George's
- •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
St. George's 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.
280 Palmer Street, 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
Fair Market Value
At $900/sqft, this property is priced in line with current Guelph market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
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.
Detached Home Advantages
Detached homes in Guelph are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
About St. George's
I know St. George's 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.
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 $7,500 (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.