358 Waterloo Avenue Unit 606, Guelph

Price: $289,900

1 bedrooms, 1 bathrooms

900 sqft

Property Type: Condo

MLS#: X13602352

Welcome to easy, affordable condo living in one of Guelph's most convenient locations! This bright and spacious one bedroom plus den condo offers incredible value for first-time buyers, downsizers or anyone looking for a low-maintenance lifestyle. Large windows fill the open-concept living space with natural light, creating a warm and inviting atmosphere you'll love coming home to. The functional galley kitchen flows seamlessly into the living and dining area, making it perfect for both everyday living and entertaining. The generous primary bedroom offers plenty of space to unwind, while the versatile den is ideal for a home office, guest room, or hobby space. The 4 piece bath is easy to access from primary bedroom and has vinyl plank flooring and generous vanity. Enjoy the convenience of in-suite laundry plus an additional storage room. This is a well-maintained building with on-site superintendent and controlled entry. Great amenities including community bbq, sauna, party room and exercise room. Located just minutes from downtown Guelph, the Hanlon Expressway, shopping, parks, and scenic walking trails, you'll have everything you need right at your doorstep!

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$289,900 - 358 Waterloo Avenue Unit 606, Guelph

Condo for Sale in Guelph

31 days on market

Neighbourhood: Junction/Onward Willow

1Beds
1Baths
900Sq Ft
Condo
Property Details
MLS Number
X13602352
Property Type
Condo
Status
active
Days on Site
31
Bedrooms
1
Bathrooms
1
Square Feet
900 sqft
Neighbourhood
Guelph
Locker
None
Exposure
South East
Balcony
None
Listing Brokerage
Royal LePage Royal City Realty
Description

Welcome to easy, affordable condo living in one of Guelph's most convenient locations! This bright and spacious one bedroom plus den condo offers incredible value for first-time buyers, downsizers or anyone looking for a low-maintenance lifestyle. Large windows fill the open-concept living space with natural light, creating a warm and inviting atmosphere you'll love coming home to. The functional galley kitchen flows seamlessly into the living and dining area, making it perfect for both everyday living and entertaining. The generous primary bedroom offers plenty of space to unwind, while the versatile den is ideal for a home office, guest room, or hobby space. The 4 piece bath is easy to access from primary bedroom and has vinyl plank flooring and generous vanity. Enjoy the convenience of in-suite laundry plus an additional storage room. This is a well-maintained building with on-site superintendent and controlled entry. Great amenities including community bbq, sauna, party room and exercise room. Located just minutes from downtown Guelph, the Hanlon Expressway, shopping, parks, and scenic walking trails, you'll have everything you need right at your doorstep!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,487.34/mo

Includes CMHC insurance ($8,088)

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5-yr fixed avg.

Principal: $260,910Interest: $177,203
Mortgage Amount$268,998
Total Interest$177,203
Est. Property Tax$205/mo
Total Cost$446,201

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: Junction/Onward Willow

Discover Junction/Onward Willow

Junction/Onward Willow 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 Junction/Onward Willow

  • 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

Junction/Onward Willow 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

358 Waterloo Avenue Unit 606, Guelph

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$1,880/mo
Range: $1,598 - $2,162
Cap Rate (ROI)
4.3%
Good

Monthly Cash Flow Breakdown

Rental Income+$1,880
Maintenance Fees-$585
Property Tax (est.)-$205
Insurance (est.)-$60
Net Cash Flow+$1,030

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 $322/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 31 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 900 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 Junction/Onward Willow

I know Junction/Onward Willow 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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    358 Waterloo Avenue Unit 606, Guelph | $289,900 | Battaglia Team