108 Summit Ridge Drive, Unit 5, Guelph, ON

$509,900
MLS#:X11887487
2 beds
1 baths
800-899 sqft
1.0 parking
Residential Condo & Other
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Property Highlights

Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Grange Road. Expertly crafted featuring premium vinyl siding and brick construction, this residence presents an exceptional opportunity offered at $509,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 2 Bedrooms and 1 Bathroom
  • Generous living space spanning 800-899 sqft
  • 1.0 total parking spaces available
  • Notable attributes: Water Softener, Water Heater, Ventilation System
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Modern elegance awaits, welcome to 205-108 Summit Ridge Dr. Step into this beautifully renovated 2-bedroom condo, where every detail has been thoughtfully curated for contemporary living. The proper foyer entrance sets the tone, leading to a stunning open-concept living space with a custom-designed kitchen. Featuring a sleek new island, stylish backsplash, and top-of-the-line appliances, the kitchen is a true showstopper. Upgraded electrical work ensures perfect lighting, with over-island fixtures adding ambiance and functionality. Relax and entertain on your private outdoor patio, complete with a lush green wall, an idyllic setting for summer nights. Inside, the cozy primary bedroom offers a peaceful retreat, enhanced with added closet organizers to maximize storage and maintain functionality. The bathroom showcases a chic design with a newly tiled walls and bold black accents in the shower, perfectly complementing the sophisticated black accents found throughout the entire unit. This home is a rare gem, combining contemporary elegance, outdoor charm, and everyday practicality. Don't miss your opportunity to experience it- book your private showing today!

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Property Summary

This condo apartment located at 108 Summit Ridge Drive, Guelph is currently for sale and has been available on SousaSells for 583 days. This property is listed at $509,900 with an estimated mortgage of $1,697* per month. It has 2 beds, 1 bathroom, and is 800-899 square feet. 108 Summit Ridge Drive, Guelph is in the Grange Road neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
2
Bathrooms
1
Kitchens
1
Living Area
800-899 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateJanuary 10, 2025
Sold price information is available to members only
Listed Date12/10/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionVinyl Siding, Brick
BasementNone
CountyWellington
Annual Tax$2,819.84

Parking & Garage

Parking Spaces1.0
Garage Spaces1
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Greenbelt/Conservation, Library, Park, Place Of Worship, Public Transit, School

Interior Features

Water Softener, Water Heater, Ventilation System, Carpet Free, Primary Bedroom - Main Floor, Storage, Storage Area Lockers

Security Features

Smoke Detector, Carbon Monoxide Detectors, Security System, Monitored

Community Features

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Location

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108 Summit Ridge Drive, Unit 5, Guelph, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 108 Summit Ridge Drive 205, Guelph, ON N1E 6X2

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Guelph.

Configure Loan Settings

Interest Rate4.00%
Down Payment$152,970 (30.0%)
* Minimum Canadian down payment required for this price is $25,990.
Amortization Period30 Years
Estimated Monthly Payment$1,697Based on a loan of $356,930 over 30 years.
Purchase Price$509,900
Loan Amount$356,930
Provincial Land Transfer Tax:$6,673
Total Estimated Closing Taxes:$6,673

About Purchasing a Home in Guelph, ON

For a property listed at $509,900 in Guelph, the legal minimum down payment is $25,990 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $6,673 for this transaction. As this listing is in Guelph (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $6,673.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Grange Road, Guelph.

Verified Local Data
City Population143,740
City Median Age38.5 Yrs
City Ownership68% Owners
Avg Area List Price$803,860

People & Families

Age Distribution

Household Composition

One-person households
28%
Families with children
42%
Couples without children
26%
Other households
4%

Top Ethnic Origins

English28%
Canadian22%
Scottish20%
Irish19%

Local Schools Guide

Elementary Schools

Holy Trinity
Public487 Grange Road, Guelph, Ontario, N1E 7C4
6.5
Ken Danby
Public525 Grange Road, Guelph, Ontario, N1E 7C4
8.5
William C. Winegard
Public25 Lee Street, Guelph, Ontario, N1E 7E7
5.8
St John
Public63 Victoria Road North, Guelph, Ontario, N1E 5G9
5.2
Guelph Lake
Public595 Watson Parkway North, Guelph, Ontario, N1E 6X2
6.3

Secondary Schools

St. James
Catholic57 Victoria Road North, Guelph, Ontario, N1E 5G9
5.9
John F Ross
Public21 Meyer Drive, Guelph, Ontario, N1E 4H1
7.7

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied68%
Rented32%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.