7481 EIGHTH Line, Guelph/Eramosa, ON

$1,299,999
MLS#:X10876740
3 beds
2 baths
2000-2500 sqft
8.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Other detached located in the coveted neighborhood of Rural Guelph/Eramosa West. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,299,999 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 2 Bathrooms
  • Generous living space spanning 2000-2500 sqft on a spacious lot (Acres)
  • Features a walk-up, walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
  • 8.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Propane Tank, Water Treatment, Water Heater Owned
  • equipped with central air central cooling and highly efficient forced air heating via propane

Description

Discover the country retreat you've been longing for with this pristine home nestled on 3 acres of lush surroundings, offering a sanctuary of tranquility complete with a workshop and inviting in-ground pool. Boasting extensive renovations this residence will captivate even the most discerning buyer. Upon entry, a family room welcomes you, adorned with a striking stone fireplace, expansive front window, and vinyl plank flooring that seamlessly extends throughout the main floor. The meticulously crafted eat-in kitchen exudes elegance, featuring quartz countertops with generous prep space, complemented by an attractive backsplash, wall-to-wall pantry and premium appliances, including a dual-fuel gas range. Upstairs, the main bath has the same luxurious finishes, showcasing marbled hexagon tiles, a double vanity with quartz counters, tiled tub surround with shower niche, glass enclosure and soaker tub. The primary suite epitomizes serenity, boasting a spacious walk-in closet, vaulted ceilings, a 3pc ensuite, vistas of the private acreage and a gas fireplace for added ambiance. While the additional two rooms have been combined into an oversized bedroom, they offer flexibility for conversion if desired. The lower level has an additional bedroom and a tastefully finished rec room featuring a convenient 2pc bathroom and sliding doors leading to the covered patio and pool area. Summertime indulgence awaits amidst the tranquil ambiance of fountains amidst manicured garden beds surrounding the pool. Three private acres offer ample space for enjoyment, complemented by a substantial barn/workshop with running water and electrical, providing plenty storage and space for enthusiasts keen on pursuing projects. Positioned within close proximity to Guelph, charming Elora, and Fergus, this property epitomizes an exceptional blend of rural tranquility and urban convenience. Come see for yourself the unparalleled quality and attention to detail that define this exceptional residence.

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Property Summary

This detached home located at 7481 EIGHTH Line, Guelph/Eramosa is currently for sale and has been available on SousaSells for 762 days. This property is listed at $1,299,999 with an estimated mortgage of $4,327* per month. It has 3 beds, 2 bathrooms, and is 2000-2500 square feet. 7481 EIGHTH Line, Guelph/Eramosa is in the Rural Guelph/Eramosa West neighborhood.

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

Key Features

Bedrooms
3
Bathrooms
2
Kitchens
1
Living Area
2000-2500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold price information is available to members only
Listed Date6/12/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleOther
ConstructionBrick
BasementWalk-Up, Walk-Out
CountyWellington
Annual Tax$4,400
Legal DescriptionPT LT 1 CON 9 NICHOL AS IN ROS268686; S/T INTEREST IN RO814368; GUELPH-ERAMOSA

Parking & Garage

Parking Spaces8.0
Garage Spaces6
Garage TypeAttached

Heating & Cooling

Heat SourcePropane
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Fenced Yard

Interior Features

Propane Tank, Water Treatment, Water Heater Owned, Water Softener

Security Features

Community Features

Location

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7481 EIGHTH Line, 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 7481 EIGHTH Line, Guelph/Eramosa, ON N1H 6J2

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.

Configure Loan Settings

Interest Rate4.00%
Down Payment$390,000 (30.0%)
* Minimum Canadian down payment required for this price is $260,000.
Amortization Period30 Years
Estimated Monthly Payment$4,327Based on a loan of $909,999 over 30 years.
Purchase Price$1,299,999
Loan Amount$909,999
Provincial Land Transfer Tax:$22,475
Total Estimated Closing Taxes:$22,475

About Purchasing a Home in Guelph/Eramosa, ON

For a property listed at $1,299,999 in Guelph/Eramosa, the legal minimum down payment is $260,000 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 $22,475 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 $22,475.

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City & Neighborhood Guide

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

Verified Local Data
City Population13,925
City Median Age42.8 Yrs
City Ownership90% Owners
Avg Area List Price$1,405,726

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.