Welcome to this remarkable 1 Storey/Apt condo apartment located in the coveted neighborhood of Downtown. Expertly crafted featuring premium concrete and brick construction, this residence presents an exceptional opportunity offered at $514,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
Enjoy a refined balance of comfort and style in Suite 501 at River Mill Condominiums, offering 951 sq. ft. of bright, open-concept living space. This thoughtfully designed 1-bedroom plus den layout is anchored by a contemporary kitchen with granite countertops, flowing seamlessly into a welcoming living area featuring engineered hardwood flooring and a striking stone electric fireplace. The versatile den functions perfectly as a home office, reading lounge, or additional dining space. Beyond the suite, residents enjoy access to an impressive 12,000 sq. ft. garden terrace, a fully equipped fitness centre, and a 7th-floor rooftop lounge complete with BBQs and billiards. Added conveniences include a storage locker located on the same floor and secure underground parking, all just steps from the GO Transit hub, scenic river trails, and downtown amenities
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Data-driven valuation for 150 Wellington Street E 501, Guelph, ON N1H 0B5
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Guelph.
About Purchasing a Home in Guelph, ON
For a property listed at $514,900 in Guelph, the legal minimum down payment is $26,490 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $6,773 for this transaction. As this listing is in Guelph (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $6,773.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.