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Dovercliffe Park/Old University, Guelph
$800,000
Welcome to 10 Picadilly! Tucked away on a quiet cul-de-sac, this versatile property offers a fantastic opportunity for investors, multi-generational living, or buyers looking for a home with future flexibility. The property features a spacious upper residence along with a legal two-bedroom lower accessory apartment, each with its own laundry. The upper unit is currently leased, while the lower apartment is vacant-giving a new owner the option to select their own tenant, occupy the lower unit while benefiting from rental income above, or explore converting the property back into a single-family home. The lower apartment features four large egress windows, while the widened and paved driveway provides parking for four vehicles. Outside, enjoy a large 77' x 124' fully fenced lot with plenty of outdoor space, all in a quiet location close to parks and everyday amenities. Whether you're looking for an income-producing property, an owner-occupied home with a mortgage helper, or a property with the flexibility to adapt to your future needs, 10 Picadilly offers plenty of possibilities.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 51-99 |
| Size | 700-1100 sq. ft. |
| Property Tax | $5,604 |
| Lot Size | 77 ft x 124 ft |
| mls© Number | X13792750 |
| Listed By | Keller Williams Home Group 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%
- $4,095
- Property tax
- $467
- Heat allowance
- $150
- Housing costs
- $4,712 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$145,000
gross annual household income
- Payment at 4%
- $3,367 / mo
- Cash down
- $160,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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