It's hard to find a property in Old University that works equally well for a family, an investor, or parents buying a safe place for their kids attending the U of G. 39 Cedar St handles all three scenarios easily, with the major updates already taken care of. Over the last ten years, the furnace, A/C, and windows have all been replaced. The main level is bright and straightforward, offering a large living room with plenty of natural light and access to the yard, an eat-in kitchen with lots of storage and counter space, three decent-sized bedrooms, and a four-piece bathroom. Downstairs, the basement was completely renovated in 2021 and has a ton of flexibility. It was previously used as a rental suite, accessed from the side door, and features a huge rec room, a large fourth bedroom, a three-piece bath, and extra storage. The current workshop area still has the plumbing and electrical from when it was a kitchen, meaning you could easily convert it back into a separate basement apartment or keep it as extra hangout space for a busy family. Outside, the setup is incredibly practical. The long driveway fits six cars-which is rare for the area and a huge plus if you have older kids or renters. The backyard is fully fenced, private, and ready for summer BBQs since there's already a natural gas line hooked up. The location is the real selling point here. You can easily walk to the river to stroll along the Royal Recreational Trail, the Boathouse, downtown Guelph, the University campus, and Stone Road Mall. It's also a quick drive out of town for commuters. Whether you want to live in one of Guelph's most established neighborhoods or add a reliable property to your portfolio, this bungalow is priced to sell. Old University Location. 2021 Renovated Basement With Income Potential. Parking for 6. Updated Mechanicals and Windows.