Re-listed 28 days ago

56 Ridgewood Ave, Guelph, Ontario N1H 6C5

Detached
3 + 2
2
~700-1100 sqft
$•••,•••
$779,900
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$7,799Cashback
Detached
3 + 2
2
~700-1100 sqft

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Highlights

Property Estimate

Days on market28 days

Total days on market
92 days

Estimated valueNot available

Price/Sqft$912/sqft

Monthly cost

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CMA Subject Property

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+5

Properties sold*

$688K

Median sold price*

*Based on last 30 days

Description

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!


Property Details

StyleBungalow
View-
Age of property-
SqFt~700-1100 SqFt
Lot Size7,293 SqFt(143 x 51)
Parking Spaces4
MLS ®NumberX12272819
Community NameOnward Willow
Data SourceTRREB
Listing byColdwell Banker Neumann Real Estate

Features

Heating: Forced Air
Cooling: Central Air
Basement: Apartment, Sep Entrance

Main Floor

Primary

4.04 x 2.9

Br

2.79 x 2.69

2nd Br

3.84 x 2.9

Dining

3.66 x 1.88


Features

Lot size: 7,293 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 4


Property History

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Price changeActive
$•••,•••
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Re-listed
$•••,•••
28 days on market
history photo preview41
Listing by trreb®

Market Data - Onward Willow

Geo Zone Map ThumbnailOnward Willow

Balanced Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

40 days

Compared to

2024

9 days

2023

7 days

2022

54 days

New Listings

Past 30 days

8 listings

Compared to

2024

10 listings

2023

6 listings

2022

2 listings

Units sold

Past 30 days

4 units

Compared to

2024

5 units

2023

3 units

2022

1 unit

Median Sold Price

Past 30 days

$732,500

Compared to

2024

$688,000

2023

$850,000

2022

$800,000


Population and Demographics

Overview

Total population 6950
Average household income $97,867

Age (%)

0 to 19
22%
20 to 34
23%
35 to 49
21%
50 to 64
19%
65 and plus
15%

Household composition (%)

Single family
58%
Single person
33%
Multi person
8%
Multi family
1%

Mother tongue (%)

English
76%
Tigrigna
7%
Others
4%
Vietnamese
3%
Tagalog (Pilipino, Filipino)
3%
Nepali
2%
Italian
1%

House tenancy (%)

Renters
53%
Owners
47%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget