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Property Type: Detached HouseOwnership: Freehold
5543 7TH LINE
Guelph/Eramosa, ON N0B2K0
MLS® X13828196
$1,025,000
5 bed2 bath10 parking
Property Details
Property & Lot
- Sub-type
- House
- Style
- Bungalow
- Stories
- 1
- Lot size
- 200.2 x 200.6 FT
- Frontage
- 200.2 feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $7,125.1
Interior
- Basement
- Finished, N/A
- Heating
- Forced air, Propane
Description
A Rare and Truly Special Opportunity in Picturesque Rockwood! Discover the charm, space and incredible potential of this unique property offering two separate dwelling units on an exceptional 200' x 200' lot -nearly an acre of private, scenic country living. Whether you're looking for a smart investment, a multi-generational family home, or a property with room to grow and make your own, this one-of-a-kind offering presents possibilities that are increasingly hard to find. This super-charming bungalow features two semi-style units under one address, providing exceptional flexibility for today's lifestyle. Live comfortably in one unit while generating rental income from the other, or bring extended family together while maintaining the convenience and privacy of separate living spaces. It's an ideal setup for families, investors, first-time buyers looking for additional income, or anyone seeking a property with versatile living arrangements. Set on an incredible 200' x 200' lot, the surrounding mature trees create a wonderfully private and peaceful setting, with plenty of natural beauty and space to enjoy. Natural light fills the home, adding warmth and character throughout. The expansive lot offers endless possibilities for outdoor enjoyment, gardening, entertaining, or simply relaxing and appreciating the tranquil country atmosphere. A major bonus is the impressive 24' x 32' detached garage/workshop, offering abundant room for vehicles, equipment, recreational toys, hobbies, a workshop, or additional storage - with plenty of space left over. Whether you're a car enthusiast, hobbyist, tradesperson, or simply need serious storage, this versatile structure is sure to impress. The home itself is ready for a new owner with a vision to modernize, update and personalize this solid and distinctive property, creating something truly special while taking advantage of the remarkable lot and setting. (id:63159)
Listing Information
- MLS®
- X13828196
- Data last synced
- September 29, 2026
ROYAL LEPAGE IGNITE REALTY
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: ROYAL LEPAGE IGNITE REALTY
MLS® Number: X13828196
Listing data is sourced from CREA DDF®, the Canadian Real Estate Association (CREA) Data Distribution Facility. Listing information is deemed reliable but is not guaranteed accurate by CREA or the listing brokerage. Data provided courtesy of Toronto Regional Real Estate Board.
Location Insights
Weather
Nearest station: Guelph
4°C
—
Humidity 95%
Wind E calm km/h
Today
20°
Tonight
5°
Friday
12°
Friday night
-2°
Saturday
14°
Saturday night
3°
Source: Environment and Climate Change Canada.
Population
13,904
(2021 Census)
+8.2% since 2016
Density: 47.5/km²
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Mortgage & Ownership Cost Calculator
Minimum required: 7.6% ($77,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$820,000.00
Periodic payment — Principal & Interest (monthly)$5,290.36
Additional monthly expenses (condo fees, tax, utilities, etc.)$593.76
Total monthly cost$5,884.12
Interest paid over 5-yr term$235,014.36
Balance at end of term$737,592.65
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$77,500
Stress test qualifying rate8.19%
Payment you must qualify for$7,346.67
Cash Needed at Closing
Minimum down payment$77,500
Estimated Land Transfer Tax (LTT)$16,975
Legal / closing costs (typical estimate)$1,500
Total cash needed$95,975
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Land Transfer Tax is the Ontario provincial schedule, before any first-time buyer refund; only the City of Toronto charges a municipal land transfer tax on top, so none applies in the areas this site covers (Ontario Ministry of Finance, ontario.ca/document/land-transfer-tax, as of October 28, 2026). Verify all figures with a mortgage broker and lawyer before relying on them.