121 Lovett Lane, Guelph

Price: $1,479,000

4 bedrooms, 4 bathrooms

2,500 - 2,999 sqft

Property Type: Detached

MLS#: X13461230

This Teraview Net Zero ready home sits within the sought-after Hart Village in Guelph's South end. Step into the 18 foot open front foyer, and gaze into its elegant open concept main, with its soaring 9 foot ceilings. The kitchen presents quartz countertops, as well as upgraded appliances and and a walk-in pantry for more convenient storage. The living room/dining room spaces are separated by a fascinating electric steam fireplace that you'll absolutely love. Out the rear sliders we come into a very trim fully fenced yard with a regulation escape window for the apartment ready basement. And if you're looking to add either an in-law suite or a second unit, there's already a completely separate entry for the basement. Upstairs features four luxurious bedrooms, including a rare set-up of two primary bedrooms, with the other two bedrooms joined by a cheater bathroom. Both primary bedrooms feature an ensuite and a walk-in closet. There's also a convenient top floor laundry to save on chore time. And a double car garage with driveway parking for at least 4 cars and NO sidewalk. We all know that the South end is the best area in the city for its convenience, and some of the best schools in the city. Rickson Ridge Public is a short 5 minute walk away. Access to the 401, the University, and all of the nearby malls and restaurants make this home an easy choice.

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$1,479,000 - 121 Lovett Lane, Guelph

Detached for Sale in Guelph

Neighbourhood: Kortright West

4Beds
4Baths
2,500 - 2,999Sq Ft
Detached
Property Details
MLS Number
X13461230
Property Type
Detached
Status
active
Days on Site
19
Bedrooms
4
Bathrooms
4
Square Feet
2,500 - 2,999 sqft
Neighbourhood
Guelph
Listing Brokerage
Keller Williams Home Group Realty
Description

This Teraview Net Zero ready home sits within the sought-after Hart Village in Guelph's South end. Step into the 18 foot open front foyer, and gaze into its elegant open concept main, with its soaring 9 foot ceilings. The kitchen presents quartz countertops, as well as upgraded appliances and and a walk-in pantry for more convenient storage. The living room/dining room spaces are separated by a fascinating electric steam fireplace that you'll absolutely love. Out the rear sliders we come into a very trim fully fenced yard with a regulation escape window for the apartment ready basement. And if you're looking to add either an in-law suite or a second unit, there's already a completely separate entry for the basement. Upstairs features four luxurious bedrooms, including a rare set-up of two primary bedrooms, with the other two bedrooms joined by a cheater bathroom. Both primary bedrooms feature an ensuite and a walk-in closet. There's also a convenient top floor laundry to save on chore time. And a double car garage with driveway parking for at least 4 cars and NO sidewalk. We all know that the South end is the best area in the city for its convenience, and some of the best schools in the city. Rickson Ridge Public is a short 5 minute walk away. Access to the 401, the University, and all of the nearby malls and restaurants make this home an easy choice.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$6,542.12/mo

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5-yr fixed avg.

Principal: $1,183,200Interest: $779,435
Mortgage Amount$1,183,200
Total Interest$779,435
Est. Property Tax$1,048/mo
Total Cost$1,962,635

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.

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Neighbourhood Guide: Kortright West

Discover Kortright West

Kortright West 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 Kortright West

  • Convenient location in Guelph
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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

Kortright West 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.

70
Walk Score
Varies
Price Range

121 Lovett Lane, Guelph

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,550/mo
Range: $3,018 - $4,082
Cap Rate (ROI)
1.8%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$3,550
Maintenance Fees-$0
Property Tax (est.)-$1,048
Insurance (est.)-$308
Net Cash Flow+$2,194

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $592/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.

Market Position

At 19 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.

Detached Home Advantages

Detached homes in Guelph are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.

Family-Friendly Layout

4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Guelph. Good resale value as demand remains consistent.

Bathroom Count Matters

With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.

About Kortright West

I know Kortright West 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.

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    121 Lovett Lane, Guelph | $1,479,000 | Battaglia Team