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34 Ridgeway Avenue

Guelph, ON N1L 1G9
  • $1,599,900
  • STATUS: Active
  • ON SITE: 44 Days
  • MLS #: 40333024
$1,599,900
  • 3
    BEDS
  • 0.50-1.99
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,810
    SQFT
  • $569
    $/SQFT
Type:
Single-Family Home
County:

Description

If you are a firm believer in the long term value of real estate, then you may have the right vision for this property. 120 feet of frontage and an extra deep 185 foot lot in an R1B zone isn't your typical piece of land and offers a unique opportunity for future development. The recent news about the provincial government's plans to circumvent municipal zoning restrictions may take some time to implement, but will no doubt unlock additional value in land ripe for infill development and increased density. The house on this lot is well built and maintained, but doesn't currently match the potential of the dirt it sits on. However it does allow a buyer to obtain mortgage financing, and generate rental income while you wait for future value to arrive.

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The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) program of the Information Technology Systems Ontario. The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purposes or any other purpose. Data updated daily.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

Data last updated: 2022-12-05T00:22:06.103.
www.fishmangroup.ca/homes/134151254
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34 Ridgeway Avenue Guelph, ON N1L 1G9

  • Price: $1,599,900
  • Status: Active
  • On Site: 44 Days
  • MLS #: 40333024
3
Beds
2
Baths
0
½ Baths
0.50-1.99
Acres
2,810
SQFT
$569
$/SQFT
Neighbourhood:
18 - Pineridge/Westminster Woods
County:
Wellington
Area:
City Of Guelph
Elementary School:
Sir Isaac Brock, St. Ignatius Of Lyola
High School:
Centennial Cvi, College Heights, Bishop Macdonell
Property Description
If you are a firm believer in the long term value of real estate, then you may have the right vision for this property. 120 feet of frontage and an extra deep 185 foot lot in an R1B zone isn't your typical piece of land and offers a unique opportunity for future development. The recent news about the provincial government's plans to circumvent municipal zoning restrictions may take some time to implement, but will no doubt unlock additional value in land ripe for infill development and increased density. The house on this lot is well built and maintained, but doesn't currently match the potential of the dirt it sits on. However it does allow a buyer to obtain mortgage financing, and generate rental income while you wait for future value to arrive.
Exterior Features

Acres Range 0.50–1.99 Architectural Style Bungalow Attached Garage YN Yes Attached YN No Carport YN No Construction Materials Brick Covered Spaces 1 Direction Faces North Docking YN No Driveway Parking Private Drive Double Wide Foundation Details Concrete Block Frontage Length 119.47 Frontage Type East Garage YN Yes Is Land YN No Lot Features UrbanRectangularQuiet Area Lot Size Area 0.5 Open Parking Spaces 6 Open Parking YN Yes Other Structures Shed(S) Parking Features Attached GarageGarage Door OpenerAsphalt Parking Total 7 Pool Features None Property Attached Detached Roof Fiberglass Waterfront YN No Year Roof Replaced 2009

Interior Features

Above Grade Finished Area 1624.43 Appliances Water SoftenerDryerRefrigeratorStoveWasher Basement FullFinished Bathrooms Total 2 Beds Above Grade 3 Beds Below Grade 0 Below Grade Finished Area 1185.78 Cooling Central Air Fireplace Features GasWood Burning Fireplace YN Yes Fireplaces Total 2 Heating Forced AirNatural Gas Heating YN Yes Interior Features Central Vacuum Kitchens Total 1 Main Level Bedrooms 3 Room Count 12

Property Features

Assessment Year 2022 Association Fee2 Frequency Monthly Common Elements Fee YN No Common Interest Freehold/None Condo Corporation YN No Cross Street Malvern Crescent Exclusions All Tenant Belongings Inclusions DryerGarage Door OpenerRefrigeratorStoveWasherOtherShed Lot Depth 182.45 New Construction YN No Property Sub Type Single Family Residence Sewer Sewer (Municipal) Transaction Type Sale Under Contract Hot Water Heater Water Source Municipal Zoning R1b

Listing information © 2022 Information Technology Systems Ontario.
Listing provided courtesy of Dave Neill of Coldwell Banker Neumann Real Estate Brokerage.
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) program of the Information Technology Systems Ontario. The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purposes or any other purpose. Data updated daily.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

Data last updated: 2022-12-05T00:22:06.103.
 
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