$699,900 - 199 Neeve Street, Guelph
Multi-Family for Sale in Guelph
- MLS Number
- X13153460
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 29
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Guelph
- Listing Brokerage
- Royal LePage Royal City Realty
Fantastic opportunity to own a charming and versatile legal duplex in the heart of The Ward, one of downtown Guelph's most walkable and trendy neighbourhoods.. This well maintained property has been proudly owned and cared for over the past 30+ years.The bright and airy main floor unit offers a spacious eat-in kitchen, welcoming living room, 2 bedrooms, and a 4-piece bath. The inviting upper unit features a pretty enclosed front porch entrance along with a charming living room, 1 bedroom, and a 4-piece bath. A number of mechanical updates have been completed which include a new gas furnace (2026), a new gas water heater (2026), water softener (2024), house shingles installed (2024) and new garage roofing (2025. )Making this property even more desirable is the sweet private back courtyard featuring raised garden beds, pea gravel pathways and a reclaimed-style brick wall as its focal point, perfect for relaxing or entertaining. The solidly built detached garage offers excellent storage, along with a double side-by-side driveway accessible from York Rd.Ideally located in a fantastic location with easy access to river trails, downtown Guelph, local amenities, transit, and the University of Guelph, This property offers incredible flexibility for investors, multi-generational living, or buyers looking to enter the real estate market by comfortably living in one unit while generating income from the other as a mortgage helper.A rare opportunity to own a versatile and thoughtfully maintained property in one of Guelph's most walkable and desirable downtown neighbourhoods.
Estimate your monthly payments for this property
Estimated Payment
$3,590.85/mo
Includes CMHC insurance ($19,527)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Guelph
Guelph is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Guelph
- •Convenient location in Guelph
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Guelph offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
199 Neeve Street, Guelph
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $636/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 29 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Investment Perspective
Looking at this as an investment: Guelph properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,916 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.