Property Information:

Welcome to 3 Lovering Lane, a modern and spacious family home in Guelph's prestigious Kortright East neighbourhood. Built in 2021 and exceptionally maintained, this nearly-new 2-storey residence offers an impressive 2,820 sq ft above grade, featuring 5 large bedrooms, 3.5 bathrooms, and a professionally finished legal basement apartment-perfect for multigenerational living or generating rental income to offset your mortgage. The main floor boasts an expansive open-concept layout where the kitchen, dining room, and family room flow seamlessly along the back of the home. Large windows and sliding doors bring in natural light and open onto a virgin backyard, offering a blank canvas for your landscaping dreams. Upstairs, every bedroom is spacious, including a primary bedroom, giving you comfort, space, and privacy. A major highlight is the legal 1-bedroom basement apartment, complete with a full 4-pc bathroom, a huge living/dining area, large bedroom, and a finished kitchen. This suite features its own private separate side entrance, making it ideal for in-laws, or as a rental unit. With demand for quality rentals in this area, this space can be leased to significantly help with monthly mortgage payments. Located in a quiet family friendly neighborhood, homeowners enjoy low-maintenance living with snow removal, private road maintenance, and common area upkeep included, as well as additional dedicated visitor parking. Close to the University of Guelph, excellent schools, parks, shopping, transit, and all amenities. A rare opportunity to own a modern, income-generating home in one of Guelph's most sought-after neighbourhood! (id:27)

Building Features:

Style: Detached
Building Type: House
Basement Development: Finished
Basement Type: N/A, N/A, N/A, N/A
Construction Style - Attachment: Detached
Exterior Finish: Stone, Vinyl siding
Fireplace: Yes
Floor Space: 2750 - 2999 sqft
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Water softener, Dryer, Garage door opener, Humidifier, Window Coverings

Property Features:

OwnershipType: Condominium/Strata
Property Type: Single Family
Bedrooms: 4+1
Bathrooms: 4
Half Bathrooms: 1
Community Features: Pets Allowed With Restrictions
Condo Fees: $180 Monthly
Features: In suite Laundry, Sump Pump
Floor Space (approx): 2750 - 2999 Square Feet
MaintenanceFee Type: Common Area Maintenance
Parking Type: Attached garage, Garage
No. of Parking Spaces: 4

Rooms:

Primary Bedroom 2nd Level 5.18 m x 3.96 m
2nd Bedroom 2nd Level 6.70 m x 3.35 m
3rd Bedroom 2nd Level 5.48 m x 3.35 m
4th Bedroom 2nd Level 3.96 m x 3.65 m
Living Basement Level 8.70 m x 3.51 m
Bedroom Basement Level 4.47 m x 3.63 m
Kitchen Basement Level 3.51 m x 3.01 m
Great Room Main Level 6.70 m x 3.65 m
Kitchen Main Level 3.96 m x 3.04 m
Dining Main Level 4.87 m x 3.65 m

Convert Measurement to:

Courtesy of: HomeLife Power Realty Inc

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Demographic Information of 3 LOVERING LANE, Guelph (Kortright East), Ontario, N1L 0H3

Life Stage

Middle-Aged with Teens

Employment Type

White Collar

Average Household Income

$152,644.16

Average Number of Children

1.78

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

12.9 %

High school certificate or equivalent

18.05 %

Apprenticeship trade certificate/diploma

4.24 %

College/non-university certificate

16.86 %

University certificate (below bachelor)

1.9 %

University Degree

46.05 %

Commuter

Travel To Work

By Car

89.23 %

By Public Transit

3.86 %

By Walking

2.77 %

By Bicycle

1.11 %

By Other Methods

3.03 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

13.09 %

Houses

86.91 %

3 LOVERING LANE, Guelph (Kortright East), Ontario, N1L 0H3