51 PRESTON Street, Guelph, ON

$499,900
MLS#:X10876473
1 beds
1 baths
< 700 sqft
2.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["Bungalow"] detached located in the coveted neighborhood of Downtown. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $499,900 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.

  • 1 Bedroom and 1 Bathroom
  • Generous living space spanning < 700 sqft on a premium 35.9 x 147 ft lot
  • Features a ["unfinished", "crawl space"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available with a convenient outside/surface configuration
  • Notable attributes: None
  • equipped with ["none"] central cooling and highly efficient forced air heating

Adorable cozy one bedroom cottage on a fabulous deep lot. This hidden gem is perfect for a single professional or couple who enjoys living near all that beautiful downtown Guelph has to offer. This bungalow is bright and airy with lots of natural light coming in from the front windows two back doors. The back patio door leads to a private quiet deck in the backyard with mature trees and beautiful perennial gardens. Inside, over 700 SQ FT of finished space full of character and charm. Wide plank original wood floors in the living room and bedroom. A large porch, which has been enclosed to be part of the living area, comes with heated slate flooring for your comfort. At the back of the property there is storage and a great area for relaxing under the mature trees. Here you can enjoy nature right in the middle of the city. The depth of this lot should easily allow for an addition in the future, giving it lots of potential. Investors will also find that this property highly desirable as it has been very requested on Airbnb with an average income of $2400 per month. Further, with the shortage of housing for students this may also appeal to many parents who have a student coming to U of G and whom might wish to be off-campus. Many updates, including a new Furnace (2022), Dryer (2022), Fridge (2024) and Eaves through (2023). Don't miss out and come see this beautiful property during one of the Open Houses on Sat July 6th & Sun July 7th from 1 - 3 pm.

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Key Features

Bedrooms
1
Bathrooms
1
Kitchens
1
Living Area
< 700 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold price information is available to members only
Listed Date7/2/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionVinyl Siding
BasementUnfinished, Crawl Space
Lot Size35.9 × 147
CountyWellington
Annual Tax$3,008.78
Legal DescriptionPT LOT 54 & 55, PLAN 27 , AS IN ROS403716; S/T & T/W ROS403716 CITY OF GUELPH

Parking & Garage

Parking Spaces2.0
Garage TypeOutside/Surface

Heating & Cooling

Heat TypeForced Air
CoolingNone

Features

Property Features

Interior Features

None

Security Features

Community Features

Location

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51 PRESTON Street, 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 51 PRESTON Street, Guelph, ON N1H 3C2

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$399,920
Monthly Mortgage$2,324
Property Tax (Est.)$251
Utilities & Maint.$350
Total Monthly Cost$2,925

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.

Similar Listings Nearby

City & Neighborhood Guide

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

Verified Local Data
City Population143,740
City Median Age38.5 Yrs
City Ownership68% Owners
Avg Area List Price$847,462

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
Victory
Public135 Exhibition Street, Guelph, Ontario, N1H 4R4
7.8
Paisley Road
Public406 Paisley Road, Guelph, Ontario, N1H 2R3
4.7
King George
Public72 Lemon Street, Guelph, Ontario, N1E 2H5
7.7

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
John F Ross
Public21 Meyer Drive, Guelph, Ontario, N1E 4H1
7.7

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.