Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Downtown. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $520,000 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.
Forget typical cookie-cutter condo living. Tucked away in one of Guelph's most desirable downtown neighbourhoods, Unit 101 at King Edward Place offers the security and ease of a luxury bungalow within a private, 9-unit boutique landmark. Originally built as a turn-of-the-century schoolhouse and masterfully reimagined by the Shortreed family, this exclusive residence flawlessly pairs rich heritage with modern peace of mind. Massive 2-foot-thick brick walls create an incredibly quiet, energy-efficient interior, wrapped in natural light from seven oversized casement windows. Inside, the character speaks for itself: an exposed brick accent wall anchors a custom kitchen featuring a built-in oven, while the generous living room centers around a cozy gas fireplace. The clever layout features a spacious primary bedroom with a jet-tub ensuite, alongside a versatile second bedroom/den and a second full bathroom - perfect for a home office or overnight guests. Enjoy the ultimate blend of historic charm, downtown walkability, and lock-and-leave security in this meticulously maintained, smoke-free and pet-free building. (2024 Gas/Hydro approx. $2,400/yr)
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Built-In Oven
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Data-driven valuation for 57 Suffolk Street W 101, Guelph, ON N1H 2J1
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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 $520,000 in Guelph, the legal minimum down payment is $27,000 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 $6,875 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 $6,875.
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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.