$1,299,000 - 42 Ridgeway Avenue, Guelph
Detached for Sale in Guelph
44 days on market- MLS Number
- X13088682
- Property Type
- Detached
- Status
- active
- Days on Site
- 44
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Guelph
- Listing Brokerage
- RE/MAX REAL ESTATE CENTRE INC.
Introducing a remarkable opportunity to embrace the epitome of refined living in this exquisitely RENOVATED 2 + 1 bedroom BUNGALOW nestled on an expansive 80' X 185' LOT boasting extensive mature landscaping and peaceful outdoor elements, including a serene waterfall and charming front yard fountain creating a tranquil retreat right outside your door. Upon entering, a symphony of opulence and sophistication unfolds before you. The interior showcases a seamless blend of modern luxury with functional design including gorgeous engineered hardwood, sophisticated pocket doors, timeless white kitchen, open concept great room and a striking barn door at the front hall closet that enriches the living space with both style and privacy. Every detail has been thoughtfully curated, from the separate formal living room along with the expansive open concept kitchen with island and grt room with fp, to the functional main floor office/laundry combo and captivating enclosed sun porch, accommodating the rhythms of modern living. Featuring 2 generous sized bedrooms on the main floor and toasty warm in-floor heat in the primary ensuite plus a full size main bathroom. The "heart of the home" beckons family Sunday dinners or entertaining with friends while the FINISHED BASEMENT including a 2nd gas fireplace, can accommodate overnight guests and movie night along with a playroom for the kids/grandkids. The overwhelming amount of available storage in the crawl space under the family/dining rooms is perfect all those bins full of stuff you don't remember. Adding to the allure of this masterpiece is the HEATED/A-C OVERSIZED DETACHED 2 CAR GARAGE/WORKSHOP with 2 pcs bathroom. Imagine the possibilities for versatile space, perfectly suited for the hobbyist, artistic refuge, yoga studio or simply to house the vehicles. This extraordinary property marries luxury with practicality, presenting a rare opportunity for discerning buyers to immerse themselves in the vibrant community of Guelph.
Estimate your monthly payments for this property
Estimated Payment
$5,745.92/mo
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.
42 Ridgeway 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
Fair Market Value
At $866/sqft, this property is priced in line with current Guelph market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 44 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $5,413 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.