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Property Type: Detached HouseOwnership: Freehold
7897 HWY 7 ROAD
Guelph/Eramosa, ON N1H6H8
MLS® X13724096
1
Walk Score
26
Bike
$2,280,000
4 bed3 bath8 parking
1
Walk Score
26
Bike
Property Details
Property & Lot
- Sub-type
- House
- Style
- Bungalow
- Stories
- 1
- Lot size
- 187.8 x 1151.5 FT
- Frontage
- 187.9 feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $6,950.94
Interior
- Basement
- Partially finished, N/A
- Heating
- Forced air, Natural gas
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | — |
| Dining room | Main level | — |
| Kitchen | Main level | — |
| Primary Bedroom | Main level | — |
| Bedroom 2 | Main level | — |
| Bedroom 3 | Main level | — |
| Bedroom 3 | Main level | — |
| Great room | Lower level | — |
| Exercise room | Lower level | — |
Description
Discover The Perfect Blend of Countryside Serenity and City Convenience with This Beautifully Maintained Custom Bungalow, Set on a Sprawling 15.67-Acres lot along Highway 7. Ideally Located just Minutes from Vibrant Downtown Guelph. This Property Offers Both Privacy and Connectivity. The Inviting Home Features 4 Spacious Bedrooms and 3 Bathrooms, Including Two Newly Renovated 3-piece Baths. Inside, You'll Find Thoughtful Upgrades Such as New Hardwood Floor in Living Room, New AC, New Hot Water Tank(Rental) , New Washer/Dryer for modern comfort & New Dishwasher.The Kitchen Equipped with New Range Hood, Upgraded Water System with Purifier Ensures Clean and Reliable Water Throughout the Year. Convenient Main Floor Laundry Plus Interior And Side Door Access To The Lower Level; A Large Party Sized Rec Room With 10 Ft Ceilings, Large Windows, And Wood Burning Stove In Lower Level Providing Big Enough Heat For The Whole Family; Close to Guelph University,Guelph Montesorri School & Shopping Centre. You're Looking for A Peaceful Retreat, A Space to Expand, A Proximity to Amenities, And So Much Future Potentials, Don't Miss Your Chance to Own This Unique Property! (id:63159)
Listing Information
- MLS®
- X13724096
- Data last synced
- September 15, 2026
HOMELIFE LANDMARK REALTY INC.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: HOMELIFE LANDMARK REALTY INC.
MLS® Number: X13724096
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
5°C
—
Humidity 95%
Wind NNE calm km/h
Tonight
6°
Thursday
19°
Thursday night
6°
Friday
12°
Friday night
-2°
Saturday
14°
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: 20.0% ($456,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$1,824,000.00
Periodic payment — Principal & Interest (monthly)$11,767.83
Additional monthly expenses (condo fees, tax, utilities, etc.)$579.25
Total monthly cost$12,347.07
Interest paid over 5-yr term$522,763.64
Balance at end of term$1,640,693.90
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$456,000
Stress test qualifying rate8.19%
Payment you must qualify for$14,142.82
Cash Needed at Closing
Minimum down payment$456,000
Estimated Land Transfer Tax (LTT)$43,475
Legal / closing costs (typical estimate)$1,500
Total cash needed$500,975
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.