$1,199,995 - 8017 Highway 7 N/A, Guelph/Eramosa
Detached for Sale in Guelph/Eramosa
93 days on marketNeighbourhood: Rural Guelph/Eramosa East
- MLS Number
- X13161644
- Property Type
- Detached
- Status
- active
- Days on Site
- 93
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Guelph/Eramosa
- Listing Brokerage
- RE/MAX GOLD REALTY INC.
Exceptional Opportunity To Own A Beautifully Renovated 3-Bedroom All-Brick Bungalow Situated On A Rare Approx. 2-Acre Lot With Approximately 142.82 Ft Of Frontage Along Highway 7. An Ideal Property For Future Development, Investment Potential, Or Building Your Dream Custom Home. This Spacious Home Features Separate Living And Dining Areas, A Bright Functional Layout, Walk-Out Access To The Backyard, And A Separate Front Entrance. The Fully Finished Basement Offers Additional Living Space Complete With A Large Great Room, 3-Piece Bathroom, Laundry Area, And Ample Storage. A Long, Wide Private Driveway Provides Extensive Parking. Motivated Seller - Don't Miss This Incredible Opportunity!
Estimate your monthly payments for this property
Estimated Payment
$5,307.98/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 Rural Guelph/Eramosa East
Rural Guelph/Eramosa East 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 Rural Guelph/Eramosa East
- •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
Rural Guelph/Eramosa East 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.
8017 Highway 7 N/A, 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 $800/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 93 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.
Detached Home Advantages
Detached homes in Guelph/Eramosa 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/Eramosa. Good resale value as demand remains consistent.
About Rural Guelph/Eramosa East
I know Rural Guelph/Eramosa East 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 $5,000 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.