56 Ridgewood Avenue Guelph, Ontario N1H 6C5

$849,900

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:42776)

Property Details

MLS® Number	X12131985
Property Type	Single Family
Community Name	Junction/Onward Willow
Parking Space Total	4

Building

Bathroom Total	2
Bedrooms Above Ground	3
Bedrooms Below Ground	2
Bedrooms Total	5
Appliances	Water Heater, All
Architectural Style	Bungalow
Basement Features	Apartment In Basement, Separate Entrance
Basement Type	N/a
Construction Style Attachment	Detached
Cooling Type	Central Air Conditioning
Exterior Finish	Brick
Foundation Type	Poured Concrete
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	1
Size Interior	700 - 1,100 Ft2
Type	House
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	143 Ft
Size Frontage	51 Ft
Size Irregular	51 X 143 Ft
Size Total Text	51 X 143 Ft

Rooms

Level	Type	Length	Width	Dimensions
Lower Level	Dining Room	3.86 m	2.24 m	3.86 m x 2.24 m
Lower Level	Family Room	3.86 m	3.4 m	3.86 m x 3.4 m
Lower Level	Kitchen	3.86 m	3.99 m	3.86 m x 3.99 m
Lower Level	Utility Room	1.65 m	1.78 m	1.65 m x 1.78 m
Lower Level	Bathroom	1.93 m	4.04 m	1.93 m x 4.04 m
Lower Level	Bedroom	3.73 m	4.29 m	3.73 m x 4.29 m
Lower Level	Bedroom 2	3.05 m	2.69 m	3.05 m x 2.69 m
Main Level	Bathroom	2.97 m	2 m	2.97 m x 2 m
Main Level	Bedroom	2.79 m	2.69 m	2.79 m x 2.69 m
Main Level	Bedroom 2	3.84 m	2.9 m	3.84 m x 2.9 m
Main Level	Dining Room	3.66 m	1.88 m	3.66 m x 1.88 m
Main Level	Kitchen	2.95 m	2.64 m	2.95 m x 2.64 m
Main Level	Living Room	4.32 m	5.18 m	4.32 m x 5.18 m
Main Level	Primary Bedroom	4.04 m	2.9 m	4.04 m x 2.9 m

https://www.realtor.ca/real-estate/28276615/56-ridgewood-avenue-guelph-junctiononward-willow-junctiononward-willow