383 Edinburgh Rd S 6
Hanlon Creek, Guelph, N1G 2K7
FOR SALE
$575,000
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Property Description
Prime 3-Bedroom Home - Walking Distance to University of Guelph - Ideal for Investors or First-Time BuyersWelcome to 383 Unit 6 Edinburgh Road, a spacious 3-bedroom home with a fully finished basement in one of Guelph's most convenient and desirable locations. Whether youre a first-time homebuyer or an investor seeking an income-generating property, this home offers fantastic potential.Generous Bedrooms + Finished Basement: The main living areas provide ample space for a family or multiple tenants. The fully finished basement adds extra living space, perfect for recreation or as a rental suite.Proximity University of Guelph: Just a short walk from campus, this property is highly attractive to university students, ensuring steady rental demand year-round.Prime Location Close to Amenities: Located near major shopping centres, grocery stores, restaurants, parks, and public transit, this home offers unparalleled convenience for both homeowners and tenants.Income Potential in a High-Demand Area Investors will appreciate the consistent rental demand, especially from university students and professionals. The finished basement further boosts rental value by offering flexible living arrangements.Perfect for First-Time Buyers: First-time buyers can secure a home in a rapidly growing area while potentially generating rental income from the basement or extra rooms.This property combines comfort, convenience, and investment potential in a high-demand location. Whether you're looking to settle in Guelph or invest in a smart income-generating property, 383 Edinburgh Road Unit 6 is a must-see. Dont miss the opportunity to own in this sought-after area, perfect for long-term value and immediate rental returns!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-06-04 | 2024-08-08 | 65 | $590,000 | - | Terminated |
Property Features
Clear View, Public Transit, School
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Property Details
Street
Community
City
Property Type
Condo Townhouse, 2-Storey
Approximate Sq.Ft.
900-999
Taxes
$3,035 (2024)
Basement
Finished
Exterior
Brick Front
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Exclusive (parking lot)
Parking 2
Owned
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Dining | Main | 21.98' x 38.39' | Laminate, Combined W/Living, W/O To Yard |
| Living | Main | 29.89' x 56.76' | Laminate, Combined W/Dining, Open Concept |
| Kitchen | Main | 26.90' x 38.39' | Laminate, Window, Enclosed |
| Powder Rm | Main | 13.12' x 15.42' | Laminate |
| Prim Bdrm | Upper | 29.20' x 43.01' | Laminate, Window, Closet |
| 2nd Br | Upper | 28.54' x 43.01' | Laminate, Window, Closet |
| 3rd Br | Upper | 29.20' x 33.46' | Laminate, Window, Closet |
| Bathroom | Upper | 13.48' x 27.89' | Laminate, Separate Rm |
| Rec | Bsmt | 40.03' x 55.12' | Laminate, Window, Open Concept |
| Laundry | Bsmt | 28.54' x 51.18' | Concrete Floor, Enclosed |
| Utility | Bsmt | 7.22' x 11.48' | Concrete Floor, Enclosed |
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Guelph Market Statistics
Guelph Price Trend
383 Edinburgh Rd S 6 is a 3-bedroom 2-bathroom townhome listed for sale at $575,000, which is $123,535 (17.7%) lower than the average sold price of $698,535 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 3 bedroom townhome in Guelph declined by $43,502 (5.9%) compared to the previous 30 day period (September 21 - October 20) and down $16,728 (2.3%) from the same time one year ago.Inventory Change
There were 33 3-bedroom townhomes listed in Guelph over the last 30 days (October 21 - November 19), which is down 23.3% compared with the previous 30 day period (September 21 - October 20) and up 94.1% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom townhomes in Guelph typically sold ($6,879) (1.0%) below asking price over the last 30 days (October 21 - November 19), which represents a $1,733 increase compared to the previous 30 day period (September 21 - October 20) and $6,297 less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom townhomes in Guelph over the last 30 days (October 21 - November 19) stood at 60.6%, up from 41.9% over the previous 30 days (September 21 - October 20) and up from 52.9% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom townhome in Guelph stood at 30 days when successfully sold over the last 30 days (October 21 - November 19), compared to 37 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Experts
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