$799,900
5.45 BTC
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56 Ridgewood Avenue, Guelph
$799,900
PRICE
3 + 2
BEDROOMS
2
BATHROOMS
X12131985
MLSID

56 Ridgewood Avenue, Guelph

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!
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Summary

Address
56 Ridgewood Avenue
City
MLSID
X12131985
Property Type
Detached
Property Category
Bedrooms
3 + 2
Bathrooms
2
Kitchens
1 + 1
Taxes (Annual)
$4,447.19
Tax Year
2024
Published
May 7, 2025
Days on Market
50 Days
Possession Type
60-89 Days
Possession Details
Flexible
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Inclusions

All appliances, built in shelving unit in upper living room, deck awning frame, two outdoor sheds. Deck Awning Frame (AS IS)

Exclusions

All tenant belongings

Details

Bathroom 1
4-Piece Main Level
Bathroom 2
3-Piece Lower Level
Parking Spaces
4
Parking Total
4
Architectural Style
Bungalow
Lot Size
7,293
Lot Width
51 Feet
Lot Depth
143 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Listing Contracted with Coldwell Banker Neumann Real Estate
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Date
Time
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