34 RIDGEWAY Avenue, Guelph, N1L1G9 - 40333024
Property Description

If you are a firm believer in the long term value of real estate, then you may have the right vision for this property. 120 feet of frontage and an extra deep 185 foot lot in an R1B zone isn’t your typical piece of land and offers a unique opportunity for future development. The recent news about the provincial government’s plans to circumvent municipal zoning restrictions may take some time to implement, but will no doubt unlock additional value in land ripe for infill development and increased density. The house on this lot is well built and maintained, but doesn’t currently match the potential of the dirt it sits on. However it does allow a buyer to obtain mortgage financing, and generate rental income while you wait for future value to arrive. (id:15472)

Location
CA
Ontario
Guelph
18 - Pineridge/Westminster Woods
N1L1G9
Details
: Quiet Area
House
Freehold
Detached
Bungalow
1
1624.4300
Full (Finished)
Finished
Block
: Attached Garage
7
2
Brick
0.5 ac|1/2 - 1.99 acres
0.5
0.5 ac|1/2 - 1.99 acres
: Forced Air
: Central Air Conditioning
Central Vacuum, Dryer, Refrigerator, Stove, Water
: Paved Driveway
Water Heater
: Shed
Municipal sewage system

34 RIDGEWAY Avenue, Guelph, N1L1G9

34 RIDGEWAY Avenue, Guelph, Ontario N1L1G9

3 Bedrooms
2 Bathrooms
$1,599,900
Listing ID #40333024
Basic Details
Property Type : Single Family
Listing Type : For Sale
Listing ID : 40333024
Price : $1,599,900
List Date : 22/10/2022
Bedrooms : 3
Bathrooms : 2

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