$679,000 - 116 Ridge Road, Guelph/Eramosa
Townhouse for Sale in Guelph/Eramosa
59 days on marketNeighbourhood: Rockwood
- MLS Number
- X13488378
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 59
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Guelph/Eramosa
- Listing Brokerage
- iCloud Realty Ltd.
This welcoming BUNGALOW TOWNHOME is located on the outskirts of charming Rockwood. As you enter, the foyer has slate floors, crown molding and 9' ceilings. The primary bedroom to the left has a large bay window, vaulted ceiling, 3 piece ensuite with a generous glass shower and a large walk-in closet. Across the hall is the main 3 piece washroom and a bright sunny second bedroom currently used as a home office with a large window, bookshelves and a double door closet. Beautiful hardwood floors carry throughout and all the windows have custom California shutters. The combination living/dining room also boasts an impressive vaulted ceiling, corner gas fireplace and garden doors that overlook the private fenced yard. You will not lack storage in the well appointed kitchen with a wall of upgraded cabinetry, pantry, granite countertops and a breakfast area. Pot lights and under/above cabinet lighting make it an inviting place to prepare meals or entertain. A laundry room with additional cabinets & broom/storage closet is conveniently located off the eat-in area. Access to the rear single car garage is from the kitchen as well as an outside door from the fenced in yard. The basement is unspoiled except for framing of the utility area and rough-in for bathroom. Currently used for storage the basement is ready to finish to suit your needs. Roof (2020) Water Heater (2022) Water Softener (2022) Dishwasher (2022) Sump Pump (2023)
Estimate your monthly payments for this property
Estimated Payment
$3,483.62/mo
Includes CMHC insurance ($18,944)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Rockwood
Rockwood is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Rockwood
- •Convenient location in Guelph/Eramosa
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Rockwood offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
116 Ridge Road, Guelph/Eramosa
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $617/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 59 days on site, this property has exceeded the typical selling timeline for Guelph/Eramosa. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Guelph/Eramosa have shown strong appreciation as families seek more space.
About Rockwood
I know Rockwood well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Guelph/Eramosa properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,829 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.