56 RIDGEWOOD AVENUE Guelph

56 RIDGEWOOD AVENUE, Guelph, Ontario

$799,900

  • 5 Beds
  • 2 Baths

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! (id:56241)

  • Listing ID: X12131985
  • Property Type: Single Family

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Rooms

LevelTypeDimensions
Dining room Lower level 3.86 m x 2.24 m
Family room Lower level 3.86 m x 3.4 m
Kitchen Lower level 3.86 m x 3.99 m
Utility room Lower level 1.65 m x 1.78 m
Bathroom Lower level 1.93 m x 4.04 m
Bedroom Lower level 3.73 m x 4.29 m
Bedroom 2 Lower level 3.05 m x 2.69 m
Bathroom Main level 2.97 m x 2 m
Bedroom Main level 2.79 m x 2.69 m
Bedroom 2 Main level 3.84 m x 2.9 m
Dining room Main level 3.66 m x 1.88 m
Kitchen Main level 2.95 m x 2.64 m
Living room Main level 4.32 m x 5.18 m
Primary Bedroom Main level 4.04 m x 2.9 m

Details

  • Architectural Style: Bungalow
  • Ownership: Freehold
  • Parking Spaces: 4
  • Transaction: For sale

Building

  • Appliances: Water Heater, All
  • Architectural Style: Bungalow
  • BasementType: N/A
  • Basement Features: Apartment in basement, Separate entrance
  • Bedrooms Main Level: 3
  • Bedrooms Lower Level: 2
  • Construction Style Attachment: Detached
  • Cooling: Central air conditioning
  • Exterior Finish: Brick
  • Fireplace Present: False
  • Foundation: Poured Concrete
  • Bathrooms (Total): 2
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Size Interior: 700 - 1100 sqft
  • Stories Total: 1
  • Type: House
  • Utility Water: Municipal water

Land

  • Sewer: Sanitary sewer
  • Size Frontage: 51 ft
  • Size Irregular: 51 x 143 FT
MLS®

Listing provided by Coldwell Banker Neumann Real Estate
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 56 RIDGEWOOD AVENUE in Guelph Ontario. It was last modified on May 7th, 2025. Contact us to schedule a viewing or to discover other Guelph homes for sale.

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