24 CALEDONIA STREET — Guelph (Dovercliffe Park/Old University), Ontario

Looking for a home that is walking distance to the University and downtown? This solid 1950s brick bungalow, (the type that some of my older buying clients are looking for), sits on overwide 75 ft lot just 7 mins walk to the University of Guelph. It _is_ the heart of Old University, and Caledonia literally butts into what I have always called Professor Alley, the confluence of upscale multi-million dollar homes on Mary St and Harcourt Drive. With its six bedrooms and ample parking, it certainly works as your next investment home. It will undoubtedly command anywhere between $5,400 and 6,300 per month in rental income, given its proximity to the University. But I believe that someone with vision could renovate this home back into the beautiful family estate ensconced in one of the most desirable areas of Guelph that it once was. The streets around are currently undergoing significant gentrification, and this might be your last chance to get a property of of this size and quality that lies at the center of all of it. (id:63357)