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Listed 26 days ago

406 - 5 Gordon Street

Downtown, Guelph

$399,000

Condo Apartment |
1 | 1 | 1 | 0
About this home

Offering an ideal mix of vibrant downtown Guelph living and expansive views, Unit 406 at 5 Gordon Street pairs a prime downtown location with a rare southeast exposure overlooking the Speed River, The Cutten Club, and the University of Guelph campus. Inside, a functional open-concept layout maximizes space and natural light, featuring a practical kitchen with crisp cabinetry and stainless steel appliances that connects seamlessly to the main living area and private balcony. Enjoy your morning coffee while taking in beautiful sunrises and the exceptional views from this elevated position. The spacious bedroom comfortably accommodates a complete bedroom set, complemented by a modern, updated 4-piece bath. The location puts the best of the city at your doorstep, with local favourites like Balzac's Coffee right downstairs, the Farmers' Market across the street, and the GO Station just a short walk away. Complete with dedicated underground parking, low-maintenance condo fees covering water and insurance, and the option to include the existing furniture at no additional cost, this turn-key 1-bedroom suite offers exceptional value in the heart of the city.

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BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
Style1 Storey/Apt
Approx. Age11-15
Size600-699 sq. ft.
Maintenance Fees$417
LockerNone
BalconyOpen
ExposureWest
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$3,354
mls© NumberX13825352
Listed ByPlanet Realty Inc
CAC Included
Common Elements Included
Building Insurance Included
Parking Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,042
Property tax
$280
Heat allowance
$150
Condo fees, half counted
$208
Housing costs
$2,680 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $79,800
25-yr amortization

Income needed

$82,000

gross annual household income

Payment at 4%
$1,679 / mo
Cash down
$79,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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