264 ALMA Street, Guelph/Eramosa, ON

$449,000
MLS#:X10876709
2 beds
1 baths
700-799 sqft
1.0 parking
Residential Condo & Other
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Property no longer active

This property was sold on August 30, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Other condo apartment located in the coveted neighborhood of Rockwood. Expertly crafted featuring premium vinyl siding and brick construction, this residence presents an exceptional opportunity offered at $449,000 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.

  • 2 Bedrooms and 1 Bathroom
  • Generous living space spanning 700-799 sqft
  • 1.0 total parking spaces available with a convenient outside/surface configuration
  • Notable attributes: Water Meter, Water Heater Owned
  • equipped with wall unit(s) central cooling and highly efficient water heating via gas

Description

Welcome to Cedar Cliff Condos. Quiet, desired main floor unit, NO stairs! Conveniently located within minutes of Guelph, Acton and Milton. Steps to the "GO" bus and a short drive to the "GO" train in Acton. This well maintained complex is located just steps from the celebrated Rockwood Conservation Area. Enjoy all that nature has to offer while taking advantage of a multitude of conveniences including grocery store, pharmacy, library, health and wellness services and the popular Rockwood Farmers Market. , bright and spacious to accommodate all of your living needs. This 2 bedroom suite has been well maintained. You can either update yourself and save money to build instant equity or leave it as-is and move in right away as an affordable alternative. Appliances come with unit and are accepted in "as-is" condition. Enjoy in-suite laundry and one personally owned parking space (additional spot can be purchased for $15,000.). Rockwood also has a variety of indoor/outdoor activities at the local community centre. From fitness classes to walking trails, ball fields, skate park and splash pad. No matter what your interests, there are activities and amenities to suit any lifestyle. Call to book your appointment today!

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Property Summary

This condo apartment located at 264 ALMA Street, Guelph/Eramosa is currently for sale and has been available on SousaSells for 767 days. This property is listed at $449,000 with an estimated mortgage of $1,495* per month. It has 2 beds, 1 bathroom, and is 700-799 square feet. 264 ALMA Street, Guelph/Eramosa is in the Rockwood neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
2
Bathrooms
1
Kitchens
1
Living Area
700-799 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold price information is available to members only
Listed Date6/11/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleOther
ConstructionVinyl Siding, Brick
CountyWellington
Annual Tax$2,347
Legal DescriptionUNIT 2, LEVEL 1, WELLINGTON STANDARD CONDOMINIUM PLAN NO. 274 AND ITS APPURTENANT INTEREST SUBJECT TO EASEMENTS AS SET OUT IN SCHEDULE A AS IN WC653739 TOWNSHIP OF GUELPH/ERAMOSA

Parking & Garage

Parking Total1.0
Parking Space1
Garage TypeOutside/Surface

Heating & Cooling

Heat SourceGas
Heat TypeWater
CoolingWall Unit(s)

Features

Property Features

Interior Features

Water Meter, Water Heater Owned

Security Features

Community Features

Location

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264 ALMA Street, Guelph/Eramosa, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 264 ALMA Street 102, Guelph/Eramosa, ON N0B 2K0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Guelph/Eramosa.

Configure Loan Settings

Interest Rate4.00%
Down Payment$134,700 (30.0%)
* Minimum Canadian down payment required for this price is $22,450.
Amortization Period30 Years
Estimated Monthly Payment$1,495Based on a loan of $314,300 over 30 years.
Purchase Price$449,000
Loan Amount$314,300
Provincial Land Transfer Tax:$5,455
Total Estimated Closing Taxes:$5,455

About Purchasing a Home in Guelph/Eramosa, ON

For a property listed at $449,000 in Guelph/Eramosa, the legal minimum down payment is $22,450 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 $5,455 for this transaction. As this listing is in Guelph/Eramosa (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $5,455.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Rockwood, Guelph/Eramosa.

Verified Local Data
City Population13,925
City Median Age42.8 Yrs
City Ownership90% Owners
Avg Area List Price$1,152,977

People & Families

Age Distribution

Household Composition

One-person households
14%
Families with children
52%
Couples without children
32%
Other households
2%

Top Ethnic Origins

English32%
Canadian26%
Scottish24%
Irish23%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied90%
Rented10%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.