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About the Listing 558300 -
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!
Listing Highlights for 56 Ridgewood Ave
Status
Pending
Days on Site
63
Property Type
Residential
MLS ®
X12272819
Year Built
Total Square Footage
700
Lot/Acreage
7293
Interior Details
- Bedrooms: 5
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Central Air
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Apartment,Separate Entrance
- Other: Water Heater Owned,Accessory Apartment
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Shingles
- Others:
- Sewer: Sewer
Financial Details
- Tax Amount: $4,447
- Taxes w/Assessments: N/A
- Tax/Property ID: 712730053
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
56 Ridgewood Ave Guelph, ON N1H 6C5
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