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New2 days ago

19 Argyle Drive

Dovercliffe Park/Old University, Guelph

$799,900

Detached|Bungalow
3 | 2 | 3
About this home

**LEGAL DUPLEX | PRIME INVESTMENT/MORTGAGE HELPER OPPORTUNITY** Welcome to 19 Argyle Drive, a fantastic investment opportunity in Guelph's desirable Dovercliffe/Old University neighbourhood! This well-maintained 1,080 sq. ft. bungalow features 3+2 bedrooms and a vacant LEGAL two-bedroom basement apartment with a separate entrance, allowing you to earn market rent AND choose your own tenants. It's also worth remembering that with this accessory apartment being legally registered with the City of Guelph, it not only offers excellent income potential for investors or buyers looking to cut their mortgage in half, but it also offers peace of mind that the city won't come knocking at your door when listing the basement for rent. Moving back to the main floor, from the moment you walk in the front door you are greeted by an inviting front foyer leading you into a well-cared for home gleaning with updated finishes throughout, such as updated flooring, lighting, as well as kitchens and bathrooms on both levels. Additional major updates include: energy efficient furnace and A/C (2025), spacious rear deck (2023), rear sliding door (2022), legal basement apartment conversion (2018), and roof (2015). Situated on a generous 54' x 104' fully fenced lot, the property offers a large, private backyard, perfect for relaxing or entertaining, along with a double-wide driveway accommodating three vehicles for ease of use as a multi-unit dwelling. Best of all, it is situated in a family-friendly neighbourhood close to excellent schools, everyday amenities, and scenic walking trails, with convenient access to the University of Guelph via a direct bus route along College Avenue. Whether you're looking to expand your investment portfolio, offset your mortgage with rental income, or secure a versatile multi-generational property in the sought-after Dovercliffe/Old University area, this is an opportunity you won't want to miss!

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$5,215
Lot Size54.47 ft x 104 ft
mls© NumberX14092406
Listed ByReal Broker Ontario Ltd.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,094
Property tax
$435
Heat allowance
$150
Housing costs
$4,679 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $159,980
25-yr amortization

Income needed

$144,000

gross annual household income

Payment at 4%
$3,366 / mo
Cash down
$159,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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