$1,149,900 - 8 COTE Drive, Guelph
Detached for Sale in Guelph
732 days on marketNeighbourhood: General Hospital
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- MLS Number
- X10875802
- Property Type
- Detached
- Status
- active
- Days on Site
- 732
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 2,898 sqft
- Neighbourhood
- Guelph
- Taxes (2024)
- $6,083
- Exposure
- North
- Listing Brokerage
- Realty Executives Plus Ltd Brokerage
Prepare to be amazed by this beautifully crafted Custom Stone Bungalow located in one of Guelph's most private neighbourhood's. As you enter the home you instantly realize this home is nothing but quality. 9 ft ceilings with custom moldings, travertine tiles and hardwood floors guide you through the main level. The home is an entertainer's delight with a picturesque view of the backyard while allowing easy access to the covered deck. As you progress through the home and make your way into the Great Room and kitchen you are effortlessly able to mingle with guests while preparing elaborate meals spread across an 8 ft island. The main level also has a beautiful master bedroom with ensuite bath, including walk-in shower. Laundry is also on the main level and 2 pc bath. After a long day you can retreat to the "Man Cave" - shoot a game of pool, or a game of darts, watch the game on the flat screen with friends. You have 9 ft ceilings on the lower level as well, so every room feels spacious and bright! You have 2 more bedrooms on the lower level with a 4 pc bath with heated floors and air-jetted whirlpool tub. A few other extras are walk-in pantry, insulated basement floors, rough-in for wet bar in rec room and rough-in for gas fireplace in Great room. Extra storage in the double car garage, large shed for storage in rear yard. Located only a minutes walk to shopping, medical centres, schools, library and public transit, this home offers you every amenity possible. This is truly a special home on a quiet cul de sac in the heart of the city. Ideal for a professional couple and /or someone looking to downsize with nothing left to do but enjoy... living!!
Estimate your monthly payments for this property
Estimated Payment
$5,086.40/mo
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 General Hospital
General Hospital 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 General Hospital
- •Convenient location in Guelph
- •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
General Hospital 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.
8 COTE Drive, Guelph
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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 $397/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 732 days on site, this property has exceeded the typical selling timeline for Guelph. 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.
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.
Larger Home Realities
At 2,898 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Bathroom Count Matters
With 3 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.