Property Address
Description
Condo Project Summary
This is a new condo development with walking distance to the central train station, trendy shops and restaurants, and stunning riverside parks.
58 Wellington Street East Condos is a new mixed-use high-rise condominium development by Fusion Homes in Guelph. This 23 storey pre-construction condo tower with 250 units is situated at 58 Wellington St E, the southwest corner of Wyndham St S and Wellington St E.
This condo project will offer one- to two-bedroom units in a striking tower with retail units on the ground floor and aboveground parking.
Amenities
58 Wellington Street East Condos will offer an unbeatable location that takes advantage of the nearby transit hub, Guelph Central Station, and the easily accessible University of Guelph campus, which provides convenience to urban commuters and post-secondary students. It is also ideally located for residents to enjoy the vibrant downtown atmosphere and natural charms of Guelph’s two intersecting water bodies: Speed and Eramosa Rivers.
This condo building will be a sleek, modern tower with a 5-storey, mixed-use podium. The building will sport a dark, brick-patterned, pre-cast façade with prominent use of glass, including full-height glazing, glass balconies, and checkered window patterns.
The building will comprise 250 condo units (155 one-bedroom and 95 two-bedroom layouts). On the ground floor, three live/work units facing Wyndham St S and three retail units facing Wellington St E will take advantage of street access, while the rest of the podium will offer aboveground parking (224 car spaces and 234 bike spaces).
Residents will be able to enjoy 8,116 sq. ft. of amenity space (2,885 sq. ft. indoor and 5,231 outdoor), including a rooftop terrace on top of the podium and indoor amenities on the ground and sixth floors.
The tower will also feature a chamfered corner to provide visual interest with distinct and fresh angles to the otherwise rectangular structure. A double-height main entrance provides additional curb appeal.
Location & Neighbourhood
Investors can appreciate the prime access to downtown amenities that 58 Wellington St E Condos enjoys. Multi-modal public transit, diverse dining options, charming independent shops, and riverside parkland are all within walking distance. This is a pedestrian- and bike-friendly neighbourhood, sporting a respectable walk score of 82 and an even better bike score of 94.
Located at the intersection of two arterial roads — Wyndham St S and Wellington St E — the condo site is a short walk to Guelph Central Station, where riders can access VIA Rail and Kitchener GO trains or Guelph Transit and GO Transit buses. Guelph Transit buses stop along Wyndham St (North and South) and Wellington St E, just steps from the condo.
Wyndham St N and Wellington St E are both primary corridors in Guelph, with Wyndham St functioning as one of the main downtown streets connecting to Hwy 7 outside the downtown area. Wellington St provides access to Hwy 6 and, in turn, Hwy 401, allowing quick and easy travel to the Greater Toronto Area. It takes about 30 minutes to drive to neighbouring Kitchener–Waterloo, 45 minutes to Hamilton, and 100 minutes to Toronto.
There are also plenty of conveniences in downtown Guelph. It takes less than 10 mins to walk to the town centre and access its many exciting restaurants. Locals can choose from various options, from Indian to Italian cuisines and brunch to bubble tea spots. There are small specialty or ethnic markets in the downtown area, while larger grocery chains like No Frills and Food Basics can be reached in a few minutes by car.
Downtown is full of shops and services to provide endless convenience to residents. One highlight is the Old Quebec Street Shoppes, a unique mall with boutique shops and offices within a European-inspired, covered market-style building that functions as a vital hub. It is also connected to The Sleeman Centre, a sports and entertainment arena home to the Guelph Storm hockey team. Additionally, the largest mall in Guelph, Stone Road Mall, is an 8-min drive away. It features 130 retailers, including Indigo, H&M, SportChek, HomeSense, and Old Navy.
For a break from the urban hustle and bustle, there are many lovely parks where locals can enjoy a reprieve in natural surroundings. On the other side of Wellington St from the condo location is Speed River, a picturesque waterway that runs through the city. It is accompanied by Heritage Park, a green space featuring a walking trail and the historical feature Allan’s Mill. Speed River joins with Eramosa River, a short distance away, offering an even greater abundance of riverbank parks and trails that make Guelph such a wonderful city to live in.
Investors will want to note that the University of Guelph is just minutes away from the condo and easily accessible by bus along Gordon St. The proximity to the busy campus provides the opportunity to rent out condo units to students.
Additionally, downtown Guelph is one of Ontario’s Urban Growth Centres, so investors can expect more developments in the near future that will contribute to more significant growth, better urban amenities, and increased property value. Invest early to reap the benefits coming soon!