$399,900 - 5 Gordon Street Unit 309, Guelph
Condo for Sale in Guelph
Neighbourhood: Downtown
- MLS Number
- X13639156
- Property Type
- Condo
- Status
- active
- Days on Site
- 19
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Guelph
- Locker
- None
- Exposure
- East
- Balcony
- Juliette
- Listing Brokerage
- Coldwell Banker Neumann Real Estate
Welcome to Unit 309 at 5 Gordon St - Market Commons, right in the heart of downtown Guelph. This 650 sq ft, 1 bed, 1 bath suite is smartly laid out, with a wide-open living, dining, and kitchen space that makes the most of every square foot. The kitchen features crisp white cabinetry, stainless steel appliances, a subway tile backsplash, and plenty of counter and storage space - all open to the living and dining area, so you're never cut off from the conversation while you cook. Rich wood-look flooring runs throughout, and large windows bring in great natural light along with a nice city view. Step out onto your private Juliette balcony and look right down over the Guelph Farmers' Market, running every Saturday with fresh food and local vendors. The bedroom is a comfortable size with room for a queen bed and more, and the 4-piece bathroom is clean and well-appointed.You won't have to go far for your coffee fix - there's a Balzac's Coffee right on the main level of the building, and just two doors down is Found Coffee, the coveted Australian café known for its coffee and small plates. The downtown core, the Basilica of Our Lady, restaurants, shops, and transit are all a short walk from your front door. This unit comes with 1 parking spot, and the condo fee covers building insurance, common elements, and water - low-maintenance living in one of Guelph's best locations. Whether you're a first-time buyer, a young couple, or a parent looking to set your U of G student up with a place to call home for the fall semester, this one checks the boxes: location, layout, and lifestyle.
Estimate your monthly payments for this property
Estimated Payment
$2,051.69/mo
Includes CMHC insurance ($11,157)
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 Downtown
Downtown 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 Downtown
- •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
Downtown 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.
5 Gordon Street Unit 309, Guelph
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Rental income estimator & ROI calculator
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 $667/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 19 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 600 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 Downtown
I know Downtown 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.