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1 / 0
Listed 3 months ago

280 Palmer Street

St. George's, Guelph

$1,800,000

Detached|1 1/2 Storey
2 | 1 | 4
About this home

Nestled on just under an acre in the heart of Guelph, Wood Cottage is a remarkable one-and-a-half-storey log home that blends architectural significance with historic charm. Built in 1853 in the Regency style, this distinctive residence features a central gable roof flanked by lean-to frame structures on either side. Expansive main-floor windows frame beautiful views of the property's mature landscape.Lovingly preserved and restored by the current owners for over 65 years, Wood Cottage has been home to only three families throughout its storied history - a quiet measure of how deeply loved this home is. Set high above Stevenson Street at Palmer Street, the nearly one-acre lot is shaded by magnificent trees that form a stunning canopy and an exceptional sense of privacy. As you travel up the private driveway, the pace of city life seems to fall away, replaced by a peaceful, secluded calm.Inside, a welcoming front hallway leads to a formal living room with large windows overlooking the grounds and a wood-burning fireplace. Two main-floor bedrooms offer abundant natural light and distinctive barrel-vaulted ceilings that speak to the home's unique character. At the rear, the formal dining room connects to the kitchen and breakfast nook, while a three-piece bathroom and main-floor laundry add everyday convenience.Upstairs, a charming half-storey room - once the children's bedroom - offers flexible space for a guest room, home office, or creative studio. The property also features a secondary log house from the Luther Marsh area, in northern Wellington County. In 1966 the one-story house was moved to Wood Cottage, for both preservation and to provide additional storage. Wood Cottage is more than a home. It is a treasured piece of Guelph's heritage and a rare opportunity to become the next steward of this extraordinary property.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style1 1/2 Storey
Approx. Age100+
Size2000-2500 sq. ft.
Property Tax$5,739
Lot Size178.98 ft x 217.76 ft
mls© NumberX13499774
Listed ByColdwell Banker Neumann Real Estate

Listing History

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  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$9,213
Property tax
$478
Heat allowance
$150
Housing costs
$9,841 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $360,000
25-yr amortization

Income needed

$303,000

gross annual household income

Payment at 4%
$7,575 / mo
Cash down
$360,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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