Prime Investment Opportunity Near University of Guelph! This versatile raised bungalow is a location goldmine, situated on a direct bus route to the University and a short walk to a major plaza with groceries, dining, and essentials. Currently operating as a successful student rental in a high-demand area, this property is a top choice for tenants with or without vehicles, yet offers incredible potential to be updated into a comfortable family home. The main floor features a bright living room with a bay window, a kitchen equipped with a gas range and two fridges, and three well-sized bedrooms alongside an updated 3-piece bath. Downstairs, the lower level boasts a massive "front-to-back" rec room, a sizeable fourth bedroom, a secondary 3-piece bath, and a large laundry/utility room with ample storage. The lower hallway provides direct interior access to the extra-deep garage, complemented by a double-wide driveway that easily accommodates multiple vehicles. Outside, the private backyard features a deck and a spacious, partially fenced lawn. Whether you are looking for a turn-key investment or a property with great bones in a stellar location, this home delivers. Don't miss out-book your showing today!