Welcome to this spacious and truly unique bungalow in Guelph's highly desirable Old University neighbourhood. This property offers something rare - two homes in one, all above grade. Step through the front door into the main residence, featuring three bedrooms on the main floor and a versatile bonus room that can serve as a playroom, mudroom, or home office, conveniently located between the kitchen and the double-car garage. Original hardwood floors flow through most of the main level, complementing the large kitchen, expansive dining area, and a bright living room with floor-to-ceiling windows.The main home also includes a full basement, offering two additional bedrooms, another full bathroom, laundry facilities, and ample storage space. Now, let's talk about the second home. Added in 2002, this thoughtful addition created a beautiful main-floor apartment - perfect for in-laws, guests, or rental income. This bright, open-concept suite features one bedroom, a full bathroom, a spacious living and dining area with a gas fireplace, custom built-ins by Olympic Kitchens, a full kitchen, and its own laundry. Both homes share a lovely back deck overlooking a serene canopy of trees and established perennials. The backyard also features a powered and drywalled shed - ideal for a workshop or studio. With five bedrooms in the main house plus a one-bedroom suite, this property offers exceptional flexibility as a multi-generational home, investment property, or home with a dedicated office space. Parking is abundant, with space for two vehicles in the garage and six or more in the driveway. A rare opportunity in one of Guelph's most sought-after neighbourhoods - this is a property you'll want to see in person.