$849,900
47 Lambert Crescent, Guelph, ON N1G 2R4
Dovercliffe Park/Old University
Listing courtesy of RE/MAX Real Estate Centre Inc
Dovercliffe Park/Old University · N1G 2P1
$799,900
$1,143 / sq ft2 weeks on market
**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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What this home costs beyond the asking price, and how that price compares to what else is on the market.
This home is priced below most comparable listings — about 8% of comparable detached listings in Dovercliffe Park/Old University are asking less.
Based on 12 comparable active detached listings in Dovercliffe Park/Old University. These are asking prices, not sale prices.
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Payable on closing, on top of the purchase price.
An estimate on the asking price of $799,900. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of Real Broker Ontario Ltd.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
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$849,900
Dovercliffe Park/Old University
Listing courtesy of RE/MAX Real Estate Centre Inc
$799,900
Dovercliffe Park/Old University
Listing courtesy of Coldwell Banker Neumann Real Estate
$749,900
Dovercliffe Park/Old University
Listing courtesy of RE/MAX Icon Realty