Welcome to 6 Terrace Lane - an exceptional 7-bedroom home perfectly situated just steps to University of Guelph, downtown Guelph, the Speed River, Royal City Park, and the scenic Royal Recreation Trail, this property is not to be missed! Whether you're looking for a spacious family home or an incredible, cash flow positive investment opportunity, this versatile property delivers. The bright, functional layout includes 7 generously sized bedrooms, 2 living areas, 2 updated kitchens, and a separate entrance to the lower levels. The spacious main floor kitchen walks out to the back deck and is open to the living room - both convenient and ideal for entertaining. Outside, enjoy a private backyard retreat with gas line for a barbecue, mature trees, a large garden shed, and proximity to parks, trails, and riverfront strolls. Transit, shops, cafes, and all of downtown’s vibrant amenities are just a short walk or bike ride away. Don’t miss this rare opportunity to own a large, well-located home in the heart of Guelph - ideal for families, students, or savvy investors.