A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 6 Terrace Lane, Guelph Ontario N1G 2Y3
16 hours on Market

6 Terrace Lane, Guelph, Ontario N1G 2Y3

Detached
3 + 4
5
~1500-2000 sqft
$1,195,000
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$11,950Cashback
Detached
3 + 4
5
~1500-2000 sqft

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Highlights

Property Estimate

Days on market16 hours

Estimated valueNot available

Price/Sqft$697/sqft

Monthly cost

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CMA Subject Property

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+6

Properties sold*

$1.4M

Median sold price*

*Based on last 30 days

Description

Welcome to 6 Terrace Lane - an exceptional 7-bedroom home perfectly situated just steps to University of Guelph, downtown Guelph, the Speed River, Royal City Park, and the scenic Royal Recreation Trail, this property is not to be missed! Whether you're looking for a spacious family home or an incredible, cash flow positive investment opportunity, this versatile property delivers. The bright, functional layout includes 7 generously sized bedrooms, 2 living areas, 2 updated kitchens, and a separate entrance to the lower levels. The spacious main floor kitchen walks out to the back deck and is open to the living room - both convenient and ideal for entertaining. Outside, enjoy a private backyard retreat, mature trees, a large garden shed, and proximity to parks, trails, and riverfront strolls. Transit, shops, cafes, and all of downtowns vibrant amenities are just a short walk or bike ride away. Dont miss this rare opportunity to own a large, well-located home in the heart of Guelph - ideal for families, students, or savvy investors.


Property Details

StyleSidesplit
View-
Age of property31-50
SqFt~1500-2000 SqFt
Lot Size8,800 SqFt(110 x 80)
Parking Spaces6
MLS ®NumberX12288850
Community NameOld University
Data SourceTRREB
Listing byCentury 21 Miller Real Estate Ltd.

Features

Heating: Forced Air
Cooling: Central Air
Basement: Full, Finished

Main Floor

Living

5.5 x 3.56

Hardwood Floor

Kitchen

7.72 x 3.45

Skylight / W/O To Deck

Mudroom

5.55 x 1.67

hardwood floor / W/O To Yard


Features

Lot size: 8,800 SqFt

Parking

Garage spaces 2

Garage type Attached

Other parking spaces 4

Total parking spaces 6


Market Data - Old University

Geo Zone Map ThumbnailOld University

Seller's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

25 days

Compared to

2024

28 days

2023

17 days

2022

13 days

New Listings

Past 30 days

8 listings

Compared to

2024

9 listings

2023

9 listings

2022

11 listings

Units sold

Past 30 days

4 units

Compared to

2024

6 units

2023

9 units

2022

8 units

Median Sold Price

Past 30 days

$938,750

Compared to

2024

$1,399,950

2023

$1,141,000

2022

$1,182,500


Population and Demographics

Overview

Total population 3967
Average household income $145,476

Age (%)

0 to 19
19%
20 to 34
29%
35 to 49
15%
50 to 64
19%
65 and plus
18%

Household composition (%)

Single family
57%
Single person
32%
Multi person
11%
Multi family
1%

Mother tongue (%)

English
87%
Others
6%
Spanish
1%
French
1%
Italian
1%

House tenancy (%)

Owners
54%
Renters
46%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget