299 EDINBURGH RD S Road, Guelph, ON

$1,365,000
MLS#:X10877602
5 beds
3 baths
1100-1500 sqft
8.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["Bungalow"] detached located in the coveted neighborhood of Dovercliffe Park/Old University. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,365,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 5 Bedrooms and 3 Bathrooms with 2 functional kitchens
  • Generous living space spanning 1100-1500 sqft on a premium 89 x 235 ft lot
  • Features a ["separate entrance", "finished"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 8.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Accessory Apartment, Water Purifier, Water Heater Owned
  • equipped with ["central air"] central cooling and highly efficient heating via gas

Welcome to an exceptional investment opportunity in the heart of Guelph, Old University, nestled on one of the city's most desirable streets. This property’s prime location is close to downtown, shopping, dining and walking distance to the University, making it a good investment . For parents seeking secure and comfortable accommodation for their child’s post-secondary education, this property is the perfect choice. It not only provides a safe living environment but also is as a robust investment opportunity. Located along a development corridor, the property(89’x235’) aligns with official plan objectives for infill development. With minimal modifications, it has the potential to generate between $8,000 to $9,000 per month in revenue. Investors will find ample opportunities here to expand their portfolio. The large backyard is perfect for additional residential dwelling units (ARDUs), a duplex, triplex, or even a multi-unit building(refer to attachments for more details). The main floor of the house features spacious rooms with abundant natural light. Hardwood floors grace the bedrooms, and the living and dining areas, currently carpeted, conceal hardwood floors underneath. An updated full bathroom adds modern comfort to the classic charm of the home. The lower level offers a Legal 2 bedroom basement apartment(attached letter) and a separate recreation area. This configuration not only provides additional living space but also offers significant income potential. The property includes an owned hot water tank and water softener, central air humidifier, water filtration system and exterior sensor lights. The expansive driveway holds 6 vehicles and easy street access. The beautifully landscaped backyard is complete with a gazebo, swing set, and vegetable garden. It's a perfect space for children & pets to play and for hosting family and friends. Schedule your private showing and discover the remarkable potential this home has to offer. Open house over the weekend!

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Key Features

Bedrooms
5
Bathrooms
3
Kitchens
2
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold price information is available to members only
Listed Date6/14/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
ConstructionBrick
Lot Size89 × 235 Acres
CountyWellington
Annual Tax$6,057.15
Legal DescriptionLOT 2 PLAN 432;GUELPH

Parking & Garage

Parking Spaces8.0
Garage Spaces6
Garage TypeDetached

Heating & Cooling

Heat SourceGas
Cooling["Central Air"]

Features

Property Features

Community Features

Location

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299 EDINBURGH RD S Road, Guelph, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 299 EDINBURGH RD S Road, Guelph, ON N1G 2K3

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$1,092,000
Monthly Mortgage$6,345
Property Tax (Est.)$505
Utilities & Maint.$350
Total Monthly Cost$7,200

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Guelph.

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Dovercliffe Parkold University, Guelph.

Verified Local Data
City Population143,740
City Median Age38.5 Yrs
City Ownership68% Owners
Avg Area List Price$850,000

People & Families

Age Distribution

Household Composition

One-person households
28%
Families with children
42%
Couples without children
26%
Other households
4%

Top Ethnic Origins

English28%
Canadian22%
Scottish20%
Irish19%

Local Schools Guide

Elementary Schools

Central
Public97 Dublin Street North, Guelph, Ontario, N1H 4N2
7.6
John McCrae
Public189 Water Street, Guelph, Ontario, N1G 1B3
8.8
Sacred Heart
Public125 Huron Street, Guelph, Ontario, N1E 5L5
6.3
King George
Public72 Lemon Street, Guelph, Ontario, N1E 2H5
7.7
John Galt
Public50 Laurine Avenue, Guelph, Ontario, N1E 4M9
6.3

Secondary Schools

Guelph
Public155 Paisley Street, Guelph, Ontario, N1H 2P3
8.2
Our Lady of Lourdes
Public54 Westmount Road, Guelph, Ontario, N1H 5H7
4.6
Centennial
Public289 College Avenue West, Guelph, Ontario, N1G 1S9
8.0
John F Ross
Public21 Meyer Drive, Guelph, Ontario, N1E 4H1
7.7
College Heights
Public371 College Avenue West, Guelph, Ontario, N1G 1T3
0.0

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied68%
Rented32%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.