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Listed 8 days ago

61 Summit Ridge Drive

Grange Road, Guelph

$1,188,000

Detached|2-Storey
4 | 4 | 4
About this home

Welcome to 61 Summit Ridge Dr.! Located in a highly sought-after neighbourhood directly across from the park and close to excellent schools, this beautifully upgraded home is truly a family dream. Offering 2,650 sq. ft. plus a fully finished walk-out basement, the home features 5 bedrooms, 3 full bathrooms, and a powder room. The main floor showcases hardwood flooring, beautiful custom millwork, upgraded cabinetry, granite countertops, and a spacious eat-in kitchen. The elegant dining room features a luxurious coffered ceiling, while the living room is highlighted by stunning custom built-in cabinetry and shelving, surrounding a beautiful fireplace-the perfect heart of the home. The generous primary suite features a walk-in closet and private ensuite. The finished basement adds versatile living space with an additional bedroom, walk-in closet, and pantry. A convenient walkout leads to the backyard, where a spacious raised deck and brand-new poured patio create a private backyard oasis, offering an exceptional setting for relaxing and entertaining outdoors.

Extras

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Open houses

  • Tue, Sep 22

    10:00 AM – 12:00 PM

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Got questions?

Contact Jonathan directly.

agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2-Storey
Approx. Age6-15
Size2500-3000 sq. ft.
Property Tax$7,925
Lot Size39.73 ft x 113.9 ft
mls© NumberX13776602
Listed ByM1 Real Estate Brokerage Ltd

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$6,081
Property tax
$660
Heat allowance
$150
Housing costs
$6,891 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $237,600
25-yr amortization

Income needed

$212,000

gross annual household income

Payment at 4%
$4,999 / mo
Cash down
$237,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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