$929,900 - 129 RICKSON Avenue, Guelph
Detached for Sale in Guelph
101 days on market- MLS Number
- X12842900
- Property Type
- Detached
- Status
- active
- Days on Site
- 101
- Bedrooms
- 8
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Guelph
- Listing Brokerage
- Coldwell Banker Neumann Real Estate
An exceptional investment property ideally located ; with a hard- to- find City approved, LEGAL 3 bedroom basement apartment. Only a two minute walk to bus stop with direct bus to the University of Guelph. This 8 bedroom backsplit 5 level home is also conveniently located close to grocery store, restaurants, parks, and walking trails nearby. A quick drive to Highways 6 North (Hanlon) & the 401. Main floor features a dining, living room and new kitchen, installed in the last 3 years & there is also a dining/living room & optional bedroom. The lower level has a 3-pc bathroom, bedroom, family room, and a wet bar with a sink area (4 bathrooms total). There is a cozy upper wooden deck and a shaded fenced backyard with SEPARATE ENTRANCE (Walk UP) to 3 bedroom basement apartment with shared laundry room. A total of 5 bedrooms upstairs, updated laminate and tile floors. Central stairs & paved driveway for 3-car parking. Whether you are an investor or a student /parent investor looking for a solid home to buy while your children are attending University or an owner occupied scenario -seeking an 'income helper' from the lower floor LEGAL 3 Bedroom APT. (also with a NEW KITCHEN). This home superbly checks outs on all three core tenets of Real Estate Investment- Price ( 8 beds under $1M)- Timing (100% Vacant possession April 30th 2026)- Location (So close to everything!!) ) LOCATION LOCATION LOCATION !!!
Estimate your monthly payments for this property
Estimated Payment
$4,770.87/mo
Includes CMHC insurance ($25,944)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Guelph
Guelph is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Guelph
- •Convenient location in Guelph
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Guelph offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
129 RICKSON Avenue, Guelph
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $620/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 101 days on site, this property has exceeded the typical selling timeline for Guelph. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Detached Home Advantages
Detached homes in Guelph are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Excellent Flexibility
With 8 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Guelph.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Guelph properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,875 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.