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For Sale

3 Lovering Lane

Kortright East, Guelph, ON
$1,339,900
4+1Bd
4Ba
2,875+sqft
4Parking
$466/sqft
DetachedMLS# X12590628Listed 2025-12-01211 DOM
Heating
Water Heater
Cooling
Central Air
Basement
Finished

On the market for 211 days — longer than average. The seller may be open to negotiation.

About this home

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!

Basement Apt

Rooms

Main Floor
Great Room6.70 × 3.65 m
Kitchen3.96 × 3.04 m
Dining Room4.87 × 3.65 m
Family Room6.09 × 5.18 m
Second Floor
Primary Bedroom5.18 × 3.96 m
Bedroom 26.70 × 3.35 m
Bedroom 35.48 × 3.35 m
Bedroom 43.96 × 3.65 m
Basement
Bedroom4.47 × 3.63 m
Kitchen3.51 × 3.01 m
Living Room8.70 × 3.51 m

Features

  • Accessory Apartment
  • Sump Pump
  • Water Heater
  • Water Softener
  • Apartment
  • Finished
  • Separate Entrance
  • Walk-Up
  • Central Air
  • 2-Storey

Financials

Annual Taxes
$10,147

Estimated Rental Income

Entire property$4,000 – $6,500/mo
Basement apartment$1,800 – $2,500/mo
Rental yield3.6% – 5.8%

*Estimates based on comparable rentals in the area. Actual income may vary.

Market Data — Guelph

Days on market211 days
Buyer's MarketSeller's Market

Based on active listings in Guelph. Data updates daily.

Our estimate for this home

Priced 10.2% below estimate
Estimated range
$1.38M$1.60M
Mid-point $1.49M · ~$519/sqft
How this listing compares
$1.38MList · $1.34M$1.60M
Medium confidence·Based on 20 kortright east comparables

Estimated range is generated automatically from active comparables and is for informational purposes only. Not an appraisal — contact Aman for a full comparative market analysis that factors in condition, renovations, and positioning.

MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.

$1,339,900
3 Lovering Lane, Guelph
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