387 Evert Street, Guelph/Eramosa, ON

$729,500
MLS#:X9416992
3 beds
1 baths
1100-1500 sqft
4.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Rural Guelph/Eramosa East. Expertly crafted featuring premium vinyl siding and stone construction, this residence presents an exceptional opportunity offered at $729,500 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 1100-1500 sqft on a premium 320 x 154 ft lot
  • Features a unfinished, crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Primary Bedroom - Main Floor
  • Efficient baseboard heating via electric

Description

This fabulous, 1.13 ACRE property offers an INCREDIBLE OPPORTUNITY with potential for renovation or reconstruction. Nestled in a quiet hamlet between Rockwood and Erin, rests this original stone bungalow with an attached garage and an addition (age unknown). The home features an open concept kitchen and living room area with a wood burning fireplace (as is). Three bedrooms plus a den, a 3 piece bathroom, and laundry also occupy the main level. The sprawling lot also includes a barn, which is in need of repair, but currently functions as additional storage space. Conveniently located ~15 minutes to Guelph, Fergus, and Acton, and adjacent to a park, this could be the project youve been waiting for!

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Property Summary

This detached home located at 387 Evert Street, Guelph/Eramosa is currently for sale and has been available on SousaSells for 636 days. This property is listed at $729,500 with an estimated mortgage of $2,428* per month. It has 3 beds, 1 bathroom, and is 1100-1500 square feet. 387 Evert Street, Guelph/Eramosa is in the Rural Guelph/Eramosa East neighborhood.

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

Key Features

Bedrooms
3
Bathrooms
1
Kitchens
1
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateNovember 18, 2024
Sold price information is available to members only
Listed Date10/18/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionVinyl Siding, Stone
BasementUnfinished, Crawl Space
Lot Size320 × 154 Feet
CountyWellington
Annual Tax$5,287.84
Legal DescriptionLT 136 STEWART'S PORTION PL 70 ERAMOSA; LT 137 STEWART'S PORTION PL 70 ERAMOSA; LT 138 STEWART'S PORTION PL 70 ERAMOSA; LT 139 STEWART'S PORTION PL 70 ERAMOSA; LT 140 STEWART'S PORTION PL 70 ERAMOSA; GUELPH-ERAMOSA

Parking & Garage

Parking Spaces4.0
Garage Spaces3
Garage TypeAttached

Heating & Cooling

Heat SourceElectric
Heat TypeBaseboard
CoolingNone

Features

Property Features

School, Park, Place Of Worship

Interior Features

Primary Bedroom - Main Floor

Security Features

Community Features

Location

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387 Evert Street, Guelph/Eramosa, 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 387 Evert Street, Guelph/Eramosa, ON N0B 2K0

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/Eramosa.

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Interest Rate4.00%
Down Payment$218,850 (30.0%)
* Minimum Canadian down payment required for this price is $47,950.
Amortization Period30 Years
Estimated Monthly Payment$2,428Based on a loan of $510,650 over 30 years.
Purchase Price$729,500
Loan Amount$510,650
Provincial Land Transfer Tax:$11,065
Total Estimated Closing Taxes:$11,065

About Purchasing a Home in Guelph/Eramosa, ON

For a property listed at $729,500 in Guelph/Eramosa, the legal minimum down payment is $47,950 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 $11,065 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 $11,065.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Rural Guelph/Eramosa East, Guelph/Eramosa.

Verified Local Data
City Population13,925
City Median Age42.8 Yrs
City Ownership90% Owners
Avg Area List Price$1,664,428

People & Families

Age Distribution

Household Composition

One-person households
14%
Families with children
52%
Couples without children
32%
Other households
2%

Top Ethnic Origins

English32%
Canadian26%
Scottish24%
Irish23%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied90%
Rented10%

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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.