242 Ridge Road, Guelph/Eramosa, ON
Property Highlights
Welcome to this remarkable Bungaloft detached located in the coveted neighborhood of Rockwood. Expertly crafted featuring premium stone and vinyl siding construction, this residence presents an exceptional opportunity offered at $1,249,900 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.
- 3 Bedrooms and 3 Bathrooms
- Generous living space spanning 2500-3000 sqft on a premium 51.02 x 177.7 ft lot
- Features a full, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Air Exchanger, Auto Garage Door Remote, Built-In Oven
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Nestled on one of Rockwood's most desirable streets, this highly sought-after bungaloft sits on an impressive 51 x 177-foot lot backing onto tranquil natural surroundings. The home offers a spacious, open-concept design beginning with a welcoming front foyer that flows into a bright and elegant dining room, complete with a butler's door leading into a large, well-appointed kitchen featuring built-in appliances. The adjoining living room is both airy and inviting, showcasing vaulted ceilings that open to the loft above, a cozy gas fireplace, and double doors leading to a new back deck with beautiful views of the private yard and greenspace beyond. The main floor includes a generous primary suite with a walk-in closet and luxurious five-piece ensuite, along with a second bedroom, a full bath, and convenient main floor laundry. Upstairs, the spacious loft offers just under 400 square feet of open-concept living space-ideal as a family or media room-along with a third bedroom and another full bath. The lower level remains unfinished, providing exceptional potential for future customization. A double-car garage with excellent ceiling height adds practicality and value, perfect for additional storage or even a potential lift. Set in a peaceful and highly regarded neighbourhood, this home blends comfort, space, and timeless design with a picturesque backdrop of natural beauty.
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Property Summary
This detached home located at 242 Ridge Road, Guelph/Eramosa is currently for sale and has been available on SousaSells for 242 days. This property is listed at $1,249,900 with an estimated mortgage of $4,160* per month. It has 3 beds, 3 bathrooms, and is 2500-3000 square feet. 242 Ridge Road, Guelph/Eramosa is in the Rockwood neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Library, Park, Place Of Worship, Public Transit, Rec./Commun.Centre, School
Interior Features
Air Exchanger, Auto Garage Door Remote, Built-In Oven, Countertop Range, Primary Bedroom - Main Floor
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Community 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 242 Ridge Road, Guelph/Eramosa, ON N0B 2K0
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/Eramosa, ON
For a property listed at $1,249,900 in Guelph/Eramosa, the legal minimum down payment is $249,980 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 $21,473 for this transaction. As this listing is in Guelph/Eramosa (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $21,473.
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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.