A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 3 Lovering Lane, Guelph Ontario N1L 0H3

3 Lovering Lane, Guelph, Ontario N1L 0H3

In the same building:
-
Condo
4 + 1
4
~2750-2999 sqft
$1,575,000
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Condo
4 + 1
4
~2750-2999 sqft

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Highlights

Property Estimate

Estimated valueNot available

Price/Sqft$549/sqft

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Description

Welcome to 3 Lovering Lane, a modern and spacious family home in Guelph's prestigious Kortright East neighbourhood. Built in 2021 and exceptionally maintained, this nearly-new 2-storey residence offers an impressive 2,820 sq ft above grade, featuring 5 large bedrooms, 3.5 bathrooms, and a professionally finished legal basement apartment-perfect for multigenerational living or generating rental income to offset your mortgage. The main floor boasts an expansive open-concept layout where the kitchen, dining room, and family room flow seamlessly along the back of the home. Large windows and sliding doors bring in natural light and open onto a virgin backyard, offering a blank canvas for your landscaping dreams. Upstairs, every bedroom is spacious, including a primary bedroom, giving you comfort, space, and privacy. A major highlight is the legal 1-bedroom basement apartment, complete with a full 4-pc bathroom, a huge living/dining area, large bedroom, and a finished kitchen. This suite features its own private separate side entrance, making it ideal for in-laws, or as a rental unit (Condo corporation allows one family rental, but not student rental). With demand for quality rentals in this area, this space can be leased to significantly help with monthly mortgage payments. Located in a quiet, private Vacant Land Condominium community, homeowners enjoy low-maintenance living with snow removal, private road maintenance, and common area upkeep included. Close to the University of Guelph, excellent schools, parks, shopping, transit, and all amenities. A rare opportunity to own a modern, income-generating home in one of Guelph's most sought-after neighbourhood!


Property Details

Style2-Storey
View-
Age of property0-5
SqFt~2750-2999 SqFt
Lot Size-
Parking Spaces4
MLS ®NumberX12590628
Community NameArboretum
Data SourceTRREB
Listing byHomeLife Power Realty Inc

Features

Heating: Forced Air
Cooling: Central Air
Fireplace
Basement: Apartment, Finished

Main Floor

Great Rm

6.7 x 3.65

Kitchen

3.96 x 3.04

Dining

4.87 x 3.65

Family

6.09 x 5.18


Parking

Garage spaces 2

Garage type Attached

Other parking spaces 2

Total parking spaces 4


1Story
Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Date unavailable
ListedActive
$1,575,000
< 1h on market
history photo preview37
Listing by trreb®
Property listed by HomeLife Power Realty Inc, Brokerage
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Market Data - Arboretum

Geo Zone Map ThumbnailArboretum

Strong Buyer's Market

View Market Data

Condo - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

50 days

Compared to

2024

0 day

2023

27 days

2022

21 days

New Listings

Past 30 days

2 listings

Compared to

2024

2 listings

2023

0 listing

2022

1 listing

Units sold

Past 30 days

1 unit

Compared to

2024

0 unit

2023

1 unit

2022

1 unit

Median Sold Price

Past 30 days

$775,000

Compared to

2023

$865,000

2022

$825,000


Population and Demographics

Overview

Total population 2690
Average household income $166,524

Age (%)

0 to 19
20%
20 to 34
19%
35 to 49
16%
50 to 64
16%
65 and plus
29%

Household composition (%)

Single family
68%
Single person
26%
Multi person
6%
Multi family
1%

Mother tongue (%)

English
81%
Mandarin
4%
Italian
3%
Others
3%
Punjabi (Panjabi)
2%
Spanish
1%
French
1%
Polish
1%
Gujarati
1%

House tenancy (%)

Owners
82%
Renters
18%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget