$479,900 - 55 Yarmouth Street Unit 503, Guelph
Condo for Sale in Guelph
New — Listed 7 days agoNeighbourhood: Downtown
- MLS Number
- X13505442
- Property Type
- Condo
- Status
- active
- Days on Site
- 7
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 1,000 sqft
- Neighbourhood
- Guelph
- Locker
- None
- Exposure
- South
- Balcony
- None
- Listing Brokerage
- Diloreto & Co.
Welcome to Suite 503 at 55 Yarmouth Street, a beautifully updated 2 bedroom, 1 bathroom, 1000+ sq ft condo perfectly situated in the heart of Downtown Guelph. Offering low-maintenance living, this well-maintained unit is move-in ready and showcases a long list of recent updates throughout. Enjoy a fresh, modern feel created by all-new flooring (2024), fresh paint, new blinds, and updated sink and shower fixtures. The stylish kitchen features stainless steel appliances, a contemporary backsplash, and ample cabinetry, providing both functionality and appeal. The spacious open-concept living and dining area is flooded with natural light from oversized windows and offers stunning views of the downtown neighbourhood. Thoughtful built-in cabinetry in the dining area adds both charm and versatility, making the perfect space for a coffee bar, home beverage station, display shelving, or additional storage. The unit is complete with two generously sized bedrooms, a full 4pc bathroom, and a dedicated laundry area for added convenience. Located in a mature and well-managed building, residents enjoy a quiet atmosphere while being just steps from Downtown Guelph's vibrant selection of restaurants, cafés, shopping, parks, entertainment venues, public transit, and the GO Station. Whether you're a first-time buyer, investor, professional, or downsizer, this is an excellent opportunity to own an updated condo in one of Guelph's most walkable and convenient neighbourhoods. One surface parking space is included.
Estimate your monthly payments for this property
Estimated Payment
$2,462.14/mo
Includes CMHC insurance ($13,389)
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.
55 Yarmouth Street Unit 503, 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 $480/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. We'll want to verify the monthly fees and what they include.
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.