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87 University Avenue W

Dovercliffe Park/Old University, Guelph

$1,899,900

Detached|2 1/2 Storey
3 | 4 | 3
About this home

Welcome to 87 University Avenue West, a beautifully reimagined 2.5-storey home in one of Guelph's most sought-after neighbourhoods. Extensively renovated, this property seamlessly blends timeless character with modern design and high-quality upgrades throughout. Offering 3 bedrooms and 4 bathrooms, this home delivers exceptional space and functionality for families and professionals alike. Thoughtfully updated, including a new 200 amp electrical service (2025) and electrical panel, copper wiring, heat pump/AC (2025) and smart switches throughout, adding modern convenience and control. The interior showcases a complete transformation, featuring a bright, well-designed layout with engineered hardwood flooring throughout and a stunning custom Bamco kitchen that anchors the home with both style and functionality. Thoughtful finishes and updated fixtures create a cohesive and contemporary feel. The additional half-storey adds versatility-perfect for a 4th bedroom, home office, or bonus living space. Outside, the property offers a pool-sized yard with excellent potential for an ADUs (accessory dwelling unit(s)), adding flexibility for future use. Just steps from the University of Guelph and close to Stone Road Mall, along with shopping, parks, transit, and walking distance to Downtown. Location, location, location!

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2 1/2 Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$8,764
Lot Size63.26 ft x 164.17 ft
mls© NumberX13548654
Listed ByRoyal LePage Royal City Realty

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%
$9,725
Property tax
$730
Heat allowance
$150
Housing costs
$10,605 / mo

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

Down payment20% · $379,980
25-yr amortization

Income needed

$326,000

gross annual household income

Payment at 4%
$7,995 / mo
Cash down
$379,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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