$1,299,900

For saleJust listed

7482 EIGHTH Line, Guelph - Single Family for Sale

7482 EIGHTH Line, Guelph, Ontario, N1H6J2

5 beds3 baths13 parking3,830 ft²3.17 acres lot sizeListed Today

Overview

This 5-bedroom, 3-bathroom home in Guelph is for sale offering roughly 3,830 sq ft of space. It has been on the market 0 days, fresher than the Guelph average of 62 days.

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Description

COUNTRY PROPERTY! 5-BEDROOMS! OVER 3 ACRES! FINISHED WALK-OUT BASEMENT WITH SEPARAGE ENTRANCE! DETACHED 3-CAR GARAGE WITH LOFT! Welcome to 7482 Eighth Line, a unique country property offering privacy, space and versatility on over 3 acres of picturesque land. This 5-bedroom, 3-bathroom home offers over 3,700 sq ft of finished living space, surrounded by beautiful natural scenery and peaceful countryside views. The main floor features a spacious and functional layout, generous principal rooms and plenty of space for comfortable everyday living with a main floor primary bedroom. The finished walk-out basement adds exceptional versatility, featuring 2 additional bedrooms, a kitchen, bathroom and living space, making it ideal for extended family, multi-generational living or guests. Outside, the expansive property offers a wonderful combination of open space, mature greenery and picturesque ponds, creating a peaceful setting with endless opportunities to enjoy the outdoors. A separate, oversized 3-car garage with a loft provides excellent space for vehicles, storage, hobbies or a workshop. This property offers the perfect balance of country living and everyday convenience. Conveniently located within easy access of Guelph, Elora, Fergus and surrounding communities. Minutes from schools, Hwy 6, shopping, dining, and everyday services. Nearby golf courses, conservation areas and recreational opportunities. Ideal for the whole family. (id:66096)

Property Details

MLS®: 40876974
Property Type: Single Family
Zoning: A
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 3
Parking: 13
Interior Size: 3,830 ft²
Lot Size: 3.17 acres
Frontage: 209 ft
Storeys: 2
Style: Other
Basement: Finished, Full
Heating: Forced air, Oil
Cooling: None
Garage: Detached Garage
Ownership: Freehold
Property Tax

Rooms

Basement

4pc Bathroom: 7'8'' x 4'10''
Bedroom: 13'3'' x 9'11''
Bedroom: 12'6'' x 10'1''
Sunroom: 12'5'' x 19'5''
Kitchen: 8'4'' x 10'3''
Dining room: 15'10'' x 10'7''
Living room: 15'10'' x 20'0''

Second level

Storage: 12'0'' x 10'11''
Office: 12'7'' x 11'1''

Main level

4pc Bathroom

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Foundation: Block
Exterior: Wood
Lot Features: Country residential, In-Law Suite

Services

Water: Well
Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Guelph listings, avg age

62d

Price / ft²

$339

List price

$1.30M

Homes here sell faster than most markets

Sold homes in this market spent an average of 38 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 97.5 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This 5-bed single family in Guelph has been listed for 0 days, which is 62 days fresher than the city average of 62. Act while there is still low competition.

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Listed by Real Broker Ontario Ltd. · Tyler Dawe

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1H)

This home lists at $1,299,900, about 16.9× the local median household income of $77,000.

Carrying it typically needs a household income of about $253,916 (20% down, 25-yr amortization, stress-tested) — roughly 230% above the area median.

Median household income: $77,000
Population: 42,178
Median age: 41.2
Owner / renter: 54% / 46%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N1H)

$1,299,900· $339/ft²

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment8.08% · $104,990

Min 8.08%50%

Mortgage payment$6,625/mo

↳ CMHC premium ($47,796 capitalized)

Property tax (est.)$568/mo

Total monthly$7,192

Cash Needed to Close

Down payment (8.08%)$104,990

Land transfer tax$22,473

Est. closing costs$6,400

Total cash needed$133,863

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