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Ontario
Guelph (Pineridge/Westminster Woods)
41 RIDGEWAY AVENUE

$1,175,000

41 RIDGEWAY AVENUE, Guelph (Pineridge/Westminster Woods), Ontario, N1L 1G8

QuickQuote^TM: $1.1M - $1.4M

MLS® # X11957674

3+1 Beds

1 Bath

1099.9909 - 1499.9875 FEETSQ sqft

MULTIMEDIA

Property Information:

Welcome to your spacious haven, perfect for growing families or retirees seeking tranquility. Enjoy the serenity of a quiet, low-traffic street with a park and playground just steps away. Your backyard oasis awaits, with lush greenery, mature trees, and frequent visits from a variety of bird species. Privacy is paramount with mature landscaping and fencing, creating a peaceful retreat. Flowering trees, mulched beds and shrubs add colour and charm year-round on this pool-sized lot. With rain barrels to conserve water, clothesline, and established vegetable garden plot, ecofriendly living is effortless. Let your creativity soar in the Denco Shed or garden shed/small greenhouse, offering endless possibilities for hobbyists and gardeners. Functional bungalow layout with a stunning addition (2010) that offers the perfect place to relax and enjoy the garden views. Three bedrooms on the main floor and one bedroom + den on the lower level, with potential to add more bedrooms. The separate entrance to the basement allows the opportunity for an in-law suite. Tons of storage space is offered throughout the home and additional storage in the attached garage and sheds. Convenience is key in this desirable neighbourhood, with shopping, restaurants, and schools within walking distance or a short drive away. Commuters will appreciate the proximity to the 401, while walking and biking trails provide opportunities for outdoor adventures. Close to the University of Guelph yet perfectly balanced, this location offers the best of both worlds. Convenient, nearby bus routes connect you to all that the Guelph community has to offer. Embrace the potential and tranquility of this remarkable property. (id:27)

Building Features:

Style: Detached
Building Type: House
Amenities:
Architectural Style: Bungalow
Basement Development: Finished
Basement Type: N/A
Construction Style - Attachment: Detached
Exterior Finish: Brick, Stone
Fire Protection: Smoke Detectors
Fireplace: Yes
Floor Space: 1099.9909 - 1499.9875 sqft
Foundation Type: Poured Concrete
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Water softener, Dishwasher, Dryer, Microwave, Washer, Window Coverings, Refrigerator

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 3+1
Bathrooms: 1
Amenities Nearby: Schools, Public Transit
Community Features: School Bus
Features: Conservation/green belt
Fence Type: Fenced yard
Floor Space (approx): 1099.9909 - 1499.9875 Square Feet
Irregular: Yes
Landscape Features: Landscaped
Lot Depth: 185.0 Feet
Lot Frontage: 82.0 Feet
Lot Size: 82 x 185 FT
Structure Type: Deck
Zoning: R1B
Sewer: Sanitary sewer
Parking Type: Attached garage
No. of Parking Spaces: 7

Rooms:

Recreation Room Basement Level 3.55 m x 9.69 m
Utility Basement Level 3.51 m x 2.22 m
Bedroom Basement Level 3.38 m x 2.40 m
Den Basement Level 3.43 m x 4.13 m
Bathroom Main Level 3.45 m x 1.77 m
Bedroom Main Level 2.88 m x 3.04 m
Bedroom Main Level 2.45 m x 3.13 m
Den Main Level 3.60 m x 2.85 m
Dining Main Level 3.52 m x 4.26 m
Kitchen Main Level 3.45 m x 3.12 m
Living Main Level 4.85 m x 5.21 m
Primary Bedroom Main Level 3.45 m x 3.26 m

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Rating:

Notes:

Andra Arnold

Broker Royal LePage Royal City Realty , Brokerage*

Direct 519.824.9050

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Sierra Rutherford

Agent Royal LePage Royal City Realty , Brokerage*

Office:519.824.9050

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Potential Investment Performance

Cumulative ROI

81.2%

Cumulative Market Appreciation

$324,630

Net Operating Income in Year 5

$34,641

Cash on Cash Return in Year 5

-7.2%

Assumptions

Market Appreciation Per Year

Rent Increase Per Year

Expense Increase Per Year

The information below is based on user inputs and general assumptions for informational purposes only. The outputs are not legal, financial, investment, or other advice. Review all fields for accuracy and consult an agent for guidance.

Mortgage Calculator

Mortgage
Purchase Price	$
Down Payment %	$235,000
Mortgage Amount	$940,000
Mortgage Payment %	$4,877

Cash Flow Calculator

monthly

yearly

Income
Gross Rental Income Powered By	$
Vacancy Rate %	$
Other	$
Gross Operating Income	$3,649

Operating Expenses
Management Fees %	$
Property Tax	$
Repair Reserve %	$
Insurance	$
Total Operating Expenses	$1,128
Net Operating Income	$2,521

Debt Service
Mortgage Payment	$4,877

Net Cash Flow	-$2,355

Cap Rate

2.58%

Acquistion Costs

Down Payment $235,000

Land Transfer Tax $19,975

Legal Fees $1,500

Adjustments $0

Appraisal $500

Total Acquisition Costs $256,975

Components of Return

Potential Returns

	Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7	Year 8	Year 9	Year 10
Investments
Down Payment	$235,000	-	-	-	-	-	-	-	-	-
Closing Costs	$21,975	-	-	-	-	-	-	-	-	-
Mortgage Paydown	$14,625	$15,328	$16,065	$16,837	$17,646	$18,494	$19,383	$20,315	$21,291	$22,315
Total	$271,600	$15,328	$16,065	$16,837	$17,646	$18,494	$19,383	$20,315	$21,291	$22,315
Cash Invested	$271,600	$286,928	$302,993	$319,830	$337,477	$355,972	$375,355	$395,670	$416,962	$439,277

Rental Cash Flows
Rent and other income	$43,798	$45,112	$46,465	$47,859	$49,295	$50,774	$52,297	$53,866	$55,482	$57,147
Operating Expenses	-$13,537	-$13,867	-$14,205	-$14,551	-$14,906	-$15,270	-$15,644	-$16,027	-$16,420	-$16,822
Mortgage Payment	-$58,527	-$58,527	-$58,527	-$58,527	-$58,527	-$58,527	-$58,527	-$58,527	-$58,527	-$58,527
Net Cash Flow	-$28,266	-$27,282	-$26,266	-$25,218	-$24,138	-$23,023	-$21,873	-$20,687	-$19,464	-$18,202

Returns
Property Price Appreciation	$58,750	$61,687	$64,771	$68,010	$71,410	$74,981	$78,730	$82,667	$86,800	$91,140
Mortgage Paydown	$14,625	$15,328	$16,065	$16,837	$17,646	$18,494	$19,383	$20,315	$21,291	$22,315
Net Cash Flow	-$28,266	-$27,282	-$26,266	-$25,218	-$24,138	-$23,023	-$21,873	-$20,687	-$19,464	-$18,202
Total Return	$45,108	$49,733	$54,570	$59,628	$64,919	$70,452	$76,240	$82,294	$88,627	$95,252
Cumulative Return	$45,108	$94,842	$149,412	$209,041	$273,960	$344,413	$420,653	$502,948	$591,575	$686,828

Investment Metrics
Cumulative ROI	16.6%	33.1%	49.3%	65.4%	81.2%	96.8%	112.1%	127.1%	141.9%	156.4%
Cash On Cash	-10.4%	-9.5%	-8.7%	-7.9%	-7.2%	-6.5%	-5.8%	-5.2%	-4.7%	-4.1%