agent pic
56 Ridgewood Avenue Image 1

$799,900

$824,900
3.0% dropped

Last price change Jun 10

May 7Detached For Sale
bedrooms5bed
washrooms7bath
MLS - #X12131985

56 Ridgewood Avenue, Guelph, ON N1H 6C5

15
Similar Homes Found
$854,906
Average Price
-6.4%
Lower than average

Price Comparison

Note * Price comparison is based on the similar properties listed in the area and may not be accurate. Consult licensed real estate agent for accurate comparison.

Property Description

Property type

Detached

Lot size

N/A

Style

Bungalow

Approx. Area

N/A

Room Information

Room TypeDimension (length x width)FeaturesLevel
Bathroom2.97 x 2 m4 Pc BathMain
Bedroom2.79 x 2.69 mN/AMain
Bedroom 23.84 x 2.9 mN/AMain
Dining Room3.66 x 1.88 mN/AMain

About 56 Ridgewood Avenue

This home puts $1,700 a month back in your pocket- just the nudge you needed to step into detached home ownership. At the same cost as a bachelor condo, you're getting actual bedrooms, a massive yard, and income to offset your mortgage. Welcome to an affordable housing solution that doesn't feel like a compromise. This is a modern, purpose-built 2-unit home sitting on an oversized lot, with a clean and updated 3-bedroom bungalow upstairs and a bright, legal walk-out apartment below. The lower unit is currently rented to great tenants paying $1700/month, which means your monthly carrying cost looks a lot lighter, whether you're upgrading, investing, or buying for the first time. The main unit features an updated kitchen and bath, in-suite laundry, and direct access to a 230 sq ft private deck that soaks up sun from morning to sunset. Downstairs, the lower unit is one of the brightest basement apartments you'll find, complete with its own private patio and direct access to a fully fenced backyard that's big enough to justify a ride-on mower. You're right on the edge of the Junction and Exhibition Park- so the lifestyle here is as vibrant as the home itself. Great local spots, a strong sense of community, and quick access to the Hanlon make it easy to get around and even easier to stay put. This is a smart buy whether you're house-hacking, looking for multigenerational flexibility, investing in a cash-flow-positive property, or stepping into your first home. Let's chat about what's possible. It starts when you Live Here!

Home Overview

Last updated

Jun 10

Virtual tour

None

Basement information

Apartment, Separate Entrance

Building size

--

Status

In-Active

Property sub type

Detached

Maintenance fee

$N/A

Year built

2024

Listed by Coldwell Banker Neumann Real Estate

Additional Details

Basement:Apartment, Separate Entrance
Cooling:Central Air
Heating:Forced Air
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

Location

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Walk Score for 56 Ridgewood Avenue

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