701 ERAMOSA Road, Guelph, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Grange Road. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $2,149,000 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.
- 4 Bedrooms and 2 Bathrooms
- Generous living space spanning 1100-1500 sqft on a premium 473.35 x 349.79 ft lot
- Features a partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 12.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Now is the time to invest in a property with huge development potential with a favorable 8.49% mortgage rate on a $1,050,000.00 fully open 2 year term (No broker fees). This 1.88 acre property offers amazing development potential with the City of Guelph and is ideally located at the corner of Eramosa Road and Speedvale Avenue. This home features a 3 bedroom all brick bungalow with open concept design and features a large eat-in kitchen, stainless steel appliances built in microwave oven, granite tops and center island with breakfast bar overlooking the large family room with gas fireplace. 3 nice sized bedrooms are also on the main floor, the primary offers a beautiful 4 piece ensuite. The partially finished basement offers a large rec room a fourth room currently used as a bedroom and a large den. This property also features a detached workshop / garage and a 2500 Sq Ft shop. NOTE: Property sold under power of sale, no warranties and is being sold "AS IS WHERE IS" Phase II environmental report can be provided when conditional offer accepted. Buyer to complete due diligence with municipal authorities on zoning possibilities.
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Pricing & Value Insights
Data-driven valuation for 701 ERAMOSA Road, Guelph, ON N1E 5Z1
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About Purchasing a Home in Guelph, ON
For a property listed at $2,149,000 in Guelph, the legal minimum down payment is $429,800 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 $40,200 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 $40,200.
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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.