$889,000 - 98 Waterloo Avenue, Guelph
Multi-Family for Sale in Guelph
New — Listed 7 days agoNeighbourhood: Downtown
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- MLS Number
- X13844620
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 7
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Guelph
- Taxes (2026)
- $5,227
- Listing Brokerage
- Royal LePage Royal City Realty
98 Waterloo is a strong investment opportunity in the heart of Guelph. A short walk from Benjamin Bodegas Cafe, the shops and restaurants Downtown Guelph has to offer, the Speed River, parks, transit and boasts a strong walkability score. Enjoy your own private backyard space and additional dry storage for tenants and or the landlord in the unfinished basement. Inside the main floor unit, the mudroom provides the perfect multi-use room for storage and seasonal wear. A sliding door takes you outside onto the large 11ft x 14ft upper deck, which is a private and tranquil place to bird watch or enjoy your morning coffee. Inside, the large kitchen with eat in area are the heart of this unit. The sunlight directly above the kitchen table fills the space with natural light. Tenants and or, live in landlords, will appreciate the quality, stainless steel appliances in the kitchen. In unit-laundry and TWO four-piece bathrooms make this unit ideal for small families and or two people. The living room is extremely generous and hones in on the original character of the home; an electric fireplace, large windows and high ceilings create a homey, yet grand living room. Home to two bedrooms, the primary having a built in-wardrobe and four-piece ensuite, this unit combines versatile finishes with a large floor-plan for maximum desirability. Upstairs, the second unit includes a large living space which is open to the kitchen. In the back of the unit, a recently updated three-piece bathroom and laundry closet create functionality. Two bedrooms complete this space, making it ideal for one, or two occupants. Off the back bedroom, is a charming rooftop balcony; a unique feature of this home. Both units are currently tenanted, however, the main floor tenants have provided formal notice of leave in December 2026. If you are looking for a turn-key investment property in the heart of Guelph, this is a great chance to expand or start your portfolio.
Estimate your monthly payments for this property
Estimated Payment
$4,561.03/mo
Includes CMHC insurance ($24,803)
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.
98 Waterloo Avenue, 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 $445/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.
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.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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.
Investment Perspective
Looking at this as an investment: Guelph properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,704 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.