Guelph

Guelph is located just about 100 kilometers towards the western side of Toronto outside the Greater Toronto Area and makes for an ideal location to live owing to its several convenient services. While the amenities that are already available are at par with those that are already existent in big cities, Guelph is aiming to improve further with ambitious proposals to far-reaching results. With its foundation in the 1820s, Guelph along with many of its Victorian buildings transformed into a vibrant and bustling city. At the downtown core, the city of Guelph is fitted with several services and retail outlets highlighted by the Old Quebec Street Shoppes along with a 200-year-old street that is lined with shops that had been shut down and renovated into a shopping complex in the 1980s. Downtown area of Guelph is served well by amenities of the city including the Sleeman Centre, which is an elite class entertainment and sports facility with a capacity of accommodating 4,174 seats. It is worth $21 million and has hosted the OHL Guelph Storm along with the Guelph Concert Theatre, considered as the largest event and concert venue in the region that has featured acts like the Billy Talen, Kim Mitchell and The Weeknd. The city also continues to become better as it plans to introduce new facilities of the local municipality along the way.

List of New Condos in Guelph

Why invest in Guelph real estate?

The upcoming South End Community Centre is one of the most anticipated projects here and will span across 160,000 square feet of area and will have facilities such as an aquatic complex, multi-purpose meeting space, double gym and twin ice arenas. On the other hand, the Guelph General Hospital also has plans of expanding its health care services by expanding its facility by 4,100 square feet. The University of Guelph which is quite renowned for its programs also plays an important role when it comes to investments in the real estate domain. This university enrolls an estimated 27,000 students every year, which turns out to be lucrative for investment as the area around the university is full of off-campus students who are looking for accommodations. Although the city seems to be developing in terms of modern amenities, it still pays homage to the natural elements and maintains a strong bond. Adjacent to the downtown core of Guelph is the Speed River which provides a scenic trail by the riverside. Besides this, the Guelph Lake’s formation beside Eramosa to the north of the city has also been turned into a Conservation Area. This measure has been taken to ensure that Guelph’s woodlands can be enjoyed by future generations as well. Guelph has an average household income of $98,572, which makes it one of the most affluent cities in Ontario. This is also a city with a high standard of living which is safe at the same time.

The Baker District Redevelopment Project is one of most eagerly anticipated developments coming up for Guelph. This development will occupy 500,000 square feet of space and will be located between Quebec Street and Woolwich Street. This development aims to integrate commercial facilities with a residential complex along with an institutional space that will give birth to walkable and yet vibrant community. The city’s public library has also launched a new branch which will be considered its main one. This will inadvertently help in providing accommodation for 500 new residents and also create jobs for 190 people which can be considered permanent. All this in time will help in rejuvenating the downtown area by increasing the population by at least 1000 people over the next couple of years.

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Accessibility

Guelph features a unique internal bus transit system that consists of a network of several arterial routes that make it one of the most convenient cities for travelling. This had begun in the year 1992 with just 11 routes which later grew to 30 routes as of today, with an estimate of about 19,400 commuters daily. This service has also introduced several innovations such as the ‘Next Bus’ which was introduced in 2007 and is fitted with GPS technology that helps you keep a track of the bus, thereby giving an estimated time of arrival. These innovations have been attracting a lot of commuters over the years. The Guelph Central Station however serves as the main hub for public transport in the city. This station is intermodal and caters to about 5000 residents daily who commute by bus. This station is located in the city’s downtown core adjacent to the city hall. This transport facility began in 1911 as the Guelph Railway Station and the 22-bay Guelph Bus Terminal, which are considered to be national historic sites. Commuters have the option of availing several transportation options from here including VIA Rail, Go Buses and Trains, Greyhound and Guelph Transit. The journey of a GO Train to downtown Toronto would take about 100 minutes from the Guelph Central Station. This city is also suitable for car drivers as there are several routes available. Highway 401 and Highway 6 are the main expressways for the city of Guelph. These routes allow residents to commute to downtown Toronto in less than 100 minutes by car. Local roads are also in for an upgrade as the city plans on widening Highway 401 by 3 kilometers. Besides this, Highway 7 has also received approval for extension in 2007 which would be effective from Guelph to Kitchener.

Average Prices of Condos in Guelph

The price of average resale for all types of houses in Guelph, including condos was $553,100 for 2019 which was an increase of 6.9 percent compared to the previous year. On the other hand, Guelph’s average rental rate currently stands at $1500. The vacancy rate is still low at 1.1 percent currently, thereby making the demand for housing strong here.

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