138 Cole Road, Guelph, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Kortright West. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $679,000 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.
- 3 Bedrooms and 1 Bathroom
- Generous living space spanning 700-1100 sqft on a premium 31.61 x 94.06 ft lot
- Features a unfinished, development potential basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available
- Notable attributes: Water Meter, Storage
- Efficient baseboard heating via electric
Description
This well-maintained and very budget-friendly FULLY DETATCHED 3-bedroom home is ideally situated in the heart of South Guelph. Just steps from Stone Road Mall and within walking distance to the Metro grocery store, convenience is at your doorstep. Whether you're a first-time buyer looking to enter the market or an investor seeking a strong rental opportunity, this property checks all the boxes. Located on a direct bus route to the University of Guelph and surrounded by popular student amenities, it's perfectly positioned for consistent rental demand. The unfinished basement offers excellent potential to add two more bedrooms and a bathroom to transform this into a 5-bedroom income property, capable of generating +/- $5,000/month in rental income. Updates include a freshly repaired and painted back deck, and new roof completed in August 2021. Don't miss one of the best value opportunities in South Guelph!
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Property Summary
This detached home located at 138 Cole Road, Guelph is currently for sale and has been available on SousaSells for 295 days. This property is listed at $679,000 with an estimated mortgage of $2,260* per month. It has 3 beds, 1 bathroom, and is 700-1100 square feet. 138 Cole Road, Guelph is in the Kortright West neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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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 138 Cole Road, Guelph, ON N1G 3Z5
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Guelph, ON
For a property listed at $679,000 in Guelph, the legal minimum down payment is $42,900 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 $10,055 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 $10,055.
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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.