56 Ridgewood Avenue, Guelph

Bedrooms: 5
Bathrooms: 2
Type: Residential
Added: 1 month ago
Updated: 2 weeks ago
Last Checked: 1 week ago
Listed by: Coldwell Banker Neumann Real Estate
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Listing description
This House at 56 Ridgewood Avenue Guelph, ON with the MLS Number x12272819 listed by DAVE NEILL - Coldwell Banker Neumann Real Estate on the Guelph market 1 month ago at $779,900.

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:1945)

Property Details Key information about 56 Ridgewood Avenue

Cooling: Central air conditioning
Heating:
- Forced air
- Natural gas
Structure Type: House
Exterior Features: Brick
Architectural Style: Bungalow

Interior Features Discover the interior design and amenities

Basement:
- Apartment in basement
- Separate entrance
- N/A
Appliances:
- All
- Water Heater

Exterior & Lot Features Learn about the exterior and lot specifics of 56 Ridgewood Avenue

Water Source: Municipal water
Parking Features: No Garage
Lot Size Dimensions: 51 x 143 FT

Utilities & Systems Review utilities and system installations

Sewer: Sanitary sewer

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Nearby Listings Stat Estimated price and comparable properties near 56 Ridgewood Avenue

Active listings

Min Price

$779,900

Max Price

$949,900

Avg Price

$840,467

Days on Market

46 days

Sold listings

Min Sold Price

$719,000

Max Sold Price

$949,900

Avg Sold Price

$834,450

Days until Sold

79 days

Nearby Places Nearby schools and amenities around 56 Ridgewood Avenue

Our Lady of Lourdes Catholic School (1.1 km)
54 Westmount Rd, Guelph

Guelph Collegiate Vocational Institute (1.2 km)
155 Paisley St, Guelph

Conestoga College - Guelph Campus (1.7 km)
460 Speedvale Ave W, Guelph

Church of Our Lady Immaculate (1.8 km)
28 Norfolk St, Guelph

Guelph Farmers' Market (2 km)
2 Gordon Street, (Corner of Gordon and Waterloo Avenue), Guelph

Downtown Guelph Business Association (2.1 km)
42 Wyndham St N #202, Guelph

The Sleeman Centre (2.3 km)
50 Woolwich St, Guelph

McCrae House (2.3 km)
108 Water St, Guelph

Price History

Listed

July 9, 2025

by Coldwell Banker Neumann Real Estate

Residential For Sale