Two Unit Detached Bungalow in Guelph! Assigned

  • $499999
  • 3 beds
  • 2 baths
  • 772 sqft

Two Unit Detached Bungalow in Guelph!

Fix & Flip or Rental Opportunity! Completely VACANT! 

$95K BELOW Market Value!

Elizabeth Street, Guelph, ON

Closing Date: October 31st 2023 

** Realtors bring us a client and add your commission on top of the purchase price**


About the Property

Welcome to the beautiful city of Guelph where your next flip/rental awaits! This detached bungalow consists of 2 beds, 2 bathrooms with a 1 bed apartment in the basement. The main floor has been completely gutted to the studs and would need to be finished. The stairs to the attic were an addition made by the current seller which need to be redone or removed. The main floor currently doesnt have a kitchen but it is awaiting the right buyer to add the touches needed. Luckily, the basement is absolutely TURN KEY, and freshly renovated. While the finishes in the basement are top line, it is absolutely ready to be rented from day 1! Step right in and offer on your next money making property!

About the Neighbourhood 

The subject property is located in St Georges / St Patricks area of Guelph, a short walk to downtown Guelph! The nearby intersection is Elizabeth St and Huron St. Located a short walk to countless amenities, the property is located wonderfully for a rental, or even a young family looking to generate some income from their basement unit. Amenities such as local restaurants, local breweries, shops and grocery stores are all a short distance! Guelph is also has a fantastic transit system, with the GO train (which is a 10 minute walk from the property) connecting east to Toronto and West to Waterloo.

Property Details

  • Detached Bungalow
  • Two Unit dwelling
    • 2 bedrooms 1 baths above grade
    • 1 bedroom 1 bath below grade
  • 772 sqft above grade
  • 772 sqft below grade
  • Built in 1900
  • Basement appliances are included (Fridge, Stove, Washer, Dryer)
  • Breaker panel, copper wiring
  • Finished basement with separate entrance from the back of the house
    • 1 bedroom unit in basement
    • 7ft ceiling height, 6ft 5″ under the bulkhead
  • Furnace owned, replaced in 2014
    • gas furnace
  • HWT is owned, more than 15 years old
  • Windows are in good condition, seller unsure of age
  • Roof approximately 10 years old
  • Single car detached garage
  • Foundation stone, no leaks as per seller
    • some exterior cracks
  • Garage roof dated and needs to be updated
  • Property taxes are approximately $3269
  • 39.5 ft x 165 ft lot
  • Zoning D.1-3

Recommended Renovations

  • Fully finish the main floor
  • Remove stairs to attic (were not done to code)
  • Pave driveway if desired
  • Some foundation parging if desired, no leaks as per seller

Pictures and More

The Numbers

We are selling our assignable purchase contract for this excellent FIX and FLIP or BUY and HOLD opportunity.

  • Wholesale Price: $479,999
  • We believe that this property is worth $575,000 as-is on the MLS
  • We believe after a cosmetic update to the main floor, the subject property would sell for at least $710,000 on the MLS
  • Purchase today for $95K BELOW MARKET VALUE

If You’re Interested….

Email us at or call Jocelyn at 647-930-0291. Jocelyn can answer any questions you have and set up a time to view the property.


Please Do Not Go Directly to the Property


Disclaimer: The contents of this email are for informational purposes only. We are not home inspectors or appraisers. Please ensure you do your own due diligence.
Square Feet:
Lot Size:
39ft x 165ft
Assignment of Contract
Property Type:
Year Built:

Call 647-930-0291 for more details