$3,600/mo - 70 Waterloo Avenue Unit B, Guelph
Multi-Family for Rent in Guelph
40 days on marketNeighbourhood: Downtown
- MLS Number
- X13563554
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 40
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Guelph
- Listing Brokerage
- KELLER WILLIAMS INNOVATION REALTY
Recently renovated 4 bedroom & 2 bathroom apartment available Sept 2026. The building is unique and has a variety of rooms with character and modern finishes! Great location for students, only a 10 minute walk downtown! The bus stop on Gordon St (direct to the university) is only a5 minute walk, and the university is a 25 min walk. All tenants in the building are U of G students. We take care of all building and property maintenance. $3,600 per month ($900 per room) or split it up however you see fit. Water and 1 parking spot included. Hydro, gas, and WiFi are the responsibility of the tenant. Additional parking spots are available. Shared pay per use laundry in building. High efficiency furnace, A/C, hot water tank, and water softener all installed in 2020. New windows in 2021.
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.
70 Waterloo Avenue Unit B, Guelph
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Rent
At $3,600/mo, this is priced below the typical 4-bedroom rent of ~$4,200/mo in Guelph. Well-priced rentals move fast — worth acting on. That said, let's check what's driving the lower ask: landlord flexibility, lease term restrictions, or simply a motivated landlord.
Market Position
At 40 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.
Larger Home Realities
At 5,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Guelph. Good resale value as demand remains consistent.
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.
Lease Terms to Negotiate
Don't just focus on the monthly rent — the lease terms matter just as much. I always advise my rental clients to clarify: what's included (parking, storage, utilities), the lease length options, the landlord's policy on renewals, and whether small personalizations like painting are permitted. These details can make or break your experience over 12–24 months.