$480K · 1 bed Condo Apartment · Clairfields/Hanlon Business Park, Guelph

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About this home

Ground floor one-bedroom plus den, with parking and storage locker. The unit comes with 9 ft ceilings, quartz counters, stainless steel appliances in the kitchen, luxury vinyl flooring, an updated bathroom with subway tile, in-suite laundry, and a private balcony. The den can be used as a second bedroom, home office, or dinette! A well-run building with attentive management - amenities include a gym and two outdoor terraces (one with BBQ) on the 5th floor, a dog wash station, a party room/lounge…

Property details

MLS#

X10876929

Status

Conditionally Sold

Property class

Residential Condo & Other

Beds

Baths

1 full, 0 half

Rooms

Kitchens

Size

600-699 (range) · 621 sq ft finished (above grade)

Basement

None

Style

Other

Type

Condo Apartment

Year built

2023

Occupancy: Vacant
Washrooms: 4 pc · Main
Ensuite laundry: Ensuite laundry

Roof: Flat
Property features: Golf

Fireplaces: 0

Condo corp #: 271
Balcony: Open
Locker: Exclusive
Association amenities: Gym, Party Room/Meeting Room, Visitor Parking
Fees include: Building Insurance Included, Parking Included
Pets: Yes-with Restrictions

Garage: None
Garage spaces: 0
Parking: 1 total
Heating: Forced Air
Heating fuel: —
Cooling: Central Air
Pool: No
Waterfront: No
Exterior: Stone, Brick
Fronting on: East
Cross street: Gordon St south of Clair Rd West
Stories: —
Utilities: —
Laundry: Ensuite
Interior: —
Parking features: Reserved/Assigned

Price movement & seller pressure

↓ $20KPrice reduction

MLS shows the seller reduced the asking price by $20,000 (from $499,900 to $479,900).

Motivated SellerWhy this label

Vacant property — MLS shows vacant occupancy and the listing has been on market 120+ days.

Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $479,900✓ $2,999 tax✓ 600-699 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$4,388/mo

incl. closing costs (yr 1)

Annual total

$52,659

year 1

Mortgage only

$1,821/mo

principal + interest

Beyond mortgage

$1,603/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$95,980

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$250/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~650 ft² · ON avg ~$75/mo · assumes gas heat

Natural gas (assumed)$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$4,799/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$44/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$6,073

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)41% $21,847/yr

Property taxes17% $9,072/yr

Utilities8% $3,960/yr

Insurance & security3% $1,600/yr

Maintenance9% $4,799/yr

Condo fees12% $6,281/yr

Closing costs10% $5,100/yr

Mortgage is 41% of your true cost of ownership. The other 59% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$21,847	$1,821/mo
Government & taxes
Property tax	$2,999	$250/mo
Land transfer tax(closing)	$6,073	$506/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Natural gas (assumed)	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$4,799	$400/mo
Condo fees
Condo / HOA fees	$6,281	$523/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$52,659	$4,388/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 107

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Price movement & seller pressure

Sales History

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Annual costs