56 Ridgewood Avenue Guelph, Ontario N1H 6C5
5 Bedroom 2 Bathroom 700 - 1100 sqft
Bungalow Central Air Conditioning Forced Air
$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:53193)
Property Details
| MLS® Number | X12131985 |
| Property Type | Single Family |
| Community Name | Junction/Onward Willow |
| ParkingSpaceTotal | 4 |
Building
| BathroomTotal | 2 |
| BedroomsAboveGround | 3 |
| BedroomsBelowGround | 2 |
| BedroomsTotal | 5 |
| Appliances | Water Heater, All |
| ArchitecturalStyle | Bungalow |
| BasementFeatures | Apartment In Basement, Separate Entrance |
| BasementType | N/a |
| ConstructionStyleAttachment | Detached |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick |
| FoundationType | Poured Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 1 |
| SizeInterior | 700 - 1100 Sqft |
| Type | House |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 143 Ft |
| SizeFrontage | 51 Ft |
| SizeIrregular | 51 X 143 Ft |
| SizeTotalText | 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 |
Interested?
Contact us for more information
Dave Neill
Salesperson
Coldwell Banker Neumann Real Estate
824 Gordon Street
Guelph, Ontario N1G 1Y7
824 Gordon Street
Guelph, Ontario N1G 1Y7
Sydney Jones
Salesperson
Coldwell Banker Neumann Real Estate
824 Gordon Street
Guelph, Ontario N1G 1Y7
824 Gordon Street
Guelph, Ontario N1G 1Y7
This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
May 07 2025 11:01:37
Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®
Coldwell Banker Neumann Real Estate