62 Lambert Crescent, Guelph, ON

$899,900
MLS#:X8427780
6 beds
3 baths
1100-1500 sqft
5.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Dovercliffe Park/Old University. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $899,900 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.

  • 6 Bedrooms and 3 Bathrooms with 2 functional kitchens
  • Generous living space spanning 1100-1500 sqft on a premium 115 x 55 ft lot
  • Features a apartment, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
  • 5.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Accessory Apartment, Guest Accommodations, Water Softener
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to 62 Lambert Crescent, a charming 6-bdrm bungalow complete with a LEGAL 3-bdrm, 2-bathroombasement apartment, nestled on a spacious 115 X 55ft lot in a highly sought-after family-friendly neighbourhood! Homes with a 3-bdrm apartment are a rare find making this the perfect property for investors or homeowners looking to offset housing costs. Step into the bright & airy living room featuring solid hardwood floors & expansive windows that floods space with natural light. Eat-in kitchen boasts dark cabinetry, S/S appliances, tiled backsplash, ample counter space & convenient stackable washer/dryer. Main level offers 3 generously sized bdrms all with solid hardwood floors, large windows & ample closet space. 4pcmain bathroom features oversized vanity & shower/tub combo. The legal 3-bdrm basement apartment with a fully separate entrance adds exceptional value! It includes spacious kitchen with S/S appliances, tiled backsplash & dark cabinetry, as well as a generously sized living room. This unit offers 3 bdrms, 3pc main bathroom & renovated ensuite. Both units have their own laundry facilities & are separately metered making this a turnkey investment property. Its also perfect for families looking to subsidize a large portion of the mortgage or for multi-generational living! Additional features include oversized garage with ample driveway parking. The home has been thoughtfully updated to ensure peace of mind for years to come: updated wiring in 2017 with 100 amps to both upper & lower units, new roof 2011, new eaves 2018, new gas furnace 2022,water softener 2021 & new washer/dryers in both units in 2021. Enjoy quick access to Hanlon Pkwy & 401and a prime location surrounded by amenities while being on a quiet street, steps from Dovercliffe Park &Mary Phelan Catholic School. Nearby bus stop offers direct routes to UofG. Stone Rd Mall, Shoppers Drug Mart, LCBO, restaurants, banks & more are all within walking distance making it easy to attract UofG tenants.

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Key Features

Bedrooms
6
Bathrooms
3
Kitchens
2
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJune 27, 2024
Sold price information is available to members only
Listed Date6/7/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBrick
BasementApartment, Separate Entrance
Lot Size115 × 55 Feet
CountyWellington
Annual Tax$4,658.21
Legal DescriptionLOT 46, PLAN 610 ; S/T MS70760 GUELPH

Parking & Garage

Parking Spaces5.0
Garage Spaces4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Library, Park, Place Of Worship, Public Transit, Rec./Commun.Centre, School

Interior Features

Accessory Apartment, Guest Accommodations, Water Softener

Security Features

Community Features

Location

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62 Lambert Crescent, 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 62 Lambert Crescent, Guelph, ON N1G 2R5

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.

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Interest Rate5.25%
Down Payment$64,990 (7.2%)
* Minimum Canadian down payment required for this price is $64,990.
Amortization Period25 Years
Estimated Monthly Payment$4,975Based on a loan of $834,910 over 25 years.
Purchase Price$899,900
Loan Amount$834,910
Provincial Land Transfer Tax:$14,473
Total Estimated Closing Taxes:$14,473

About Purchasing a Home in Guelph, ON

For a property listed at $899,900 in Guelph, the legal minimum down payment is $64,990 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 $14,473 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 $14,473.

Nearby Listings

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Dovercliffe Park/Old University, Guelph.

Verified Local Data
City Population143,740
City Median Age38.5 Yrs
City Ownership68% Owners
Avg Area List Price$880,341

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

Saint-René-Goupil
Public221 Scottsdale Drive, Guelph, Ontario, N1G 3A1
5.7
Priory Park
Public275 Scottsdale Drive, Guelph, Ontario, N1G 3A1
4.6
Mary Phelan
Public8 Bishop Court, Guelph, Ontario, N1G 2R9
7.4
John McCrae
Public189 Water Street, Guelph, Ontario, N1G 1B3
8.8
Fred A Hamilton
Public160 Ironwood Road, Guelph, Ontario, N1G 3R4
6.3

Secondary Schools

Centennial
Public289 College Avenue West, Guelph, Ontario, N1G 1S9
8.0
College Heights
Public371 College Avenue West, Guelph, Ontario, N1G 1T3
0.0
Guelph
Public155 Paisley Street, Guelph, Ontario, N1H 2P3
8.2

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.