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:4069)
Address
56 RIDGEWOOD AVENUE
List Price
$849,900
Property Type
Single Family
Type of Dwelling
House
Style of Home
Bungalow
Area
Ontario
Sub-Area
Guelph (junction Onward Willow)
Bedrooms
5
Bathrooms
2
Floor Area
7,001,100 Sq. Ft.
Lot Size
51 x 143 FT Sq. Ft.
MLS® Number
X12131985
Listing Brokerage
Coldwell Banker Neumann Real Estate
Basement Area
N/A
Postal Code
N1H6C5
Open Houses
- May 17, 1:00 PM - 3:00 PM
