About this property

Buy land! and if it happens to come with a huge 1,746 square foot "they don't build them like they used to" bungalow, then you are ahead of the game! 67 x 155 foot lot with TWO full driveways is a rare and wonderful find within the city. It affords you space to expand. The existing house does need a little work and updating. Currently, this massive bungalow is divided into two units. You could easily convert it back into a 5-bedroom single-family home, as that is what it was originally built for, a large family. The current setup is one 2-bedroom unit and one 1-bedroom unit. The city now allows three units on a property, so the potential to add a third unit is high. Rough math basing value on income potential: Unit 1 estimated value $480,000 + Unit 2 est. value $360,000 + Unit 3 est. value $360,000 = $1,200,000.00 subtract $250,000 in renovations = today's value of $950,000. Are you ready to invest in real estate?

Features & finishes

View

Fireplace

Air Conditioning

Basement

Property details

MLS® Number	X9368813
Status	Sold
Listing Type	For Sale
Property Type	Single Family Home
Interior Size	0 sq ft
Beds / Baths	3 bed · 3 bath
Neighbourhood	Junction/Onward Willow
City	Guelph
Postal Code	N1H 6G8
Province	ON
Listed Date	September 25, 2024
Brokerage	TRILLIUMWEST REAL ESTATE