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 $949,000 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.
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.
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Fenced Yard, Level, Public Transit, School
Carpet Free, Water Heater, Water Meter, Water Softener
No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 24 Caledonia Street, Guelph, ON N1G 2C5
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Guelph.
About Purchasing a Home in Guelph, ON
For a property listed at $949,000 in Guelph, the legal minimum down payment is $69,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $15,455 for this transaction. As this listing is in Guelph (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $15,455.
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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.