$439,900 - 55 Yarmouth Street Unit 601, Guelph
Condo for Sale in Guelph
Neighbourhood: Downtown
- MLS Number
- X13644970
- Property Type
- Condo
- Status
- active
- Days on Site
- 18
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Guelph
- Locker
- Ensuite+Owned
- Exposure
- North West
- Balcony
- None
- Listing Brokerage
- RE/MAX REALTY SPECIALISTS INC.
Downtown Guelph Living at a Price That Stands Out. Perfect for empty nesters and first time buyers. Experience incredible value in established downtown Guelph, complete with unobstructed views and beautiful sunsets. Great values priced at approximately $395 per square foot, compared with many new condominiums ranging from approximately $572 to $750 per square foot, as well as maintenance fees are 73 cents per sqft. This spacious residence offers approximately 1,115 square feet of comfortable, stylish living. The suite features two large bedrooms, including a primary bedroom with a two-piece ensuite, along with an open-concept living room, dining room and kitchen designed for comfortable everyday living and easy entertaining. Beautiful renovations include plank flooring throughout, an upgraded kitchen with an extended eating counter, and a custom wall-to-wall bookshelf and wall unit. Located in the heart of downtown Guelph, you can enjoy a vibrant, walkable lifestyle close to The Wooly Pub, Kanoo Coffee, cafes, restaurants, shops, the Guelph Farmers Market, the GO Station, bus routes and the University of Guelph. It is a cool home, a great location and exceptional value - downtown Guelph living at a price that truly stands out. Come to life in Guelph. Sellers will pay $300/month towards maintenance fees for no more than 12 months from $714.76 to $414.76.
Estimate your monthly payments for this property
Estimated Payment
$2,256.92/mo
Includes CMHC insurance ($12,273)
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 601, 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 $440/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 18 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.
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.