$649,900 - 295 Water Street Unit 85, Guelph
Condo for Sale in Guelph
41 days on marketNeighbourhood: Dovercliffe Park/Old University
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- MLS Number
- X13717084
- Property Type
- Condo
- Status
- active
- Days on Site
- 41
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,400 sqft
- Neighbourhood
- Guelph
- Taxes (2026)
- $4,167
- Maintenance Fees
- $725/mo
- Locker
- None
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- M1 Real Estate Brokerage Ltd
Welcome to a beautifully updated three-bedroom, two-and-a-half-bathroom townhome nestled in the perfect location backing onto lush green space and the scenic Speed River. Offering a wonderful blend of modern updates, comfortable living spaces, and tranquil surroundings, this move-in-ready home is one you won't want to miss.The recently renovated kitchen is the heart of the home, featuring stylish cabinetry, granite countertops, and new appliances, creating a bright and functional space for both everyday living and entertaining. The spacious primary suite offers a peaceful retreat with a walk-in closet and private ensuite with a walk-in shower.The third level has been refreshed with brand-new carpeting, adding warmth and a fresh, inviting feel throughout the bedrooms. Downstairs, the fully finished lower level provides even more room to relax or entertain, with custom built-in shelving and a cozy fireplace. Whether you envision a family room, home office, movie space, or playroom, this versatile area is ready to suit your needs. With thoughtful updates including a newer furnace (2021), new appliances, and new carpeting, there is plenty of peace of mind for the next owner. Outside, enjoy your private backyard retreat with beautiful views of the surrounding green space and Speed River beyond-a truly special backdrop for morning coffee or summer evenings. Conveniently located close to parks, schools, shopping, and major commuter routes, this home combines the best of modern convenience and natural beauty. Come experience all this wonderful townhome has to offer!
Estimate your monthly payments for this property
Estimated Payment
$3,334.32/mo
Includes CMHC insurance ($18,132)
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 Dovercliffe Park/Old University
Dovercliffe Park/Old University 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 Dovercliffe Park/Old University
- •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
Dovercliffe Park/Old University 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.
295 Water Street Unit 85, 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 $464/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 41 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. The $725/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 Dovercliffe Park/Old University
I know Dovercliffe Park/Old University 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.