In-ground pool bungalow with in-law suite in Riverside Park

Property details for 289 Speedvale Avenue E, Guelph

Type: Residential
Style: Bungalow
Bedrooms: 4
Bathrooms: 2
Living Area: 2,400 square feet
Stories: 1
Basement: Finished, Full
Parking: Attached Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Brick
Ownership: Freehold
Annual Taxes: $6,665

This 4-bed, 2-bath bungalow in Riverside Park is all about the backyard. A kidney-shaped in-ground pool sits on a concrete patio, with a two-tiered deck above it and mature trees giving privacy. The inside is dated but solid. Main floor has 3 bedrooms with hardwood floors, a living room with crown moulding, and a kitchen that opens to a dining area with sliding doors to the deck. Basement is a full in-law setup with its own entrance, rec room with a wood stove, a wet bar that could become a kitchen, plus an extra bedroom and bath. It's 2,400 sq ft total, on an 80-ft frontage with a triple-wide driveway fitting 7+ cars and an attached garage. Taxes ran $6,665 last year. You're 5 minutes from downtown Guelph, about 1 km to Guelph General Hospital, and under 2 km to Edward Johnson PS and Bullfrog Pond Park. Recent comps nearby are around $749,900, so at $729,900, you're paying a slight discount. The AC is new. Place needs cosmetic updates but the bones are good, and the in-law suite potential is real. Perfect for a buyer wanting to offset the mortgage or just have family space. Active listings in the area are moving in about 41 days, so this could go quick.

About 289 Speedvale Avenue E, Guelph — Property Score

Well Priced Great Location

Score: 70/100

Value

Priced 16.6% below area median of $875,000 based on 41 comparable properties nearby 95

$304/sqft - 24% below the $400/sqft area median 100

Stable pricing - no price changes since original listing date 50

Size

2,400 sqft - 37% more space than similarly priced homes (1,749 sqft median) 90

4 bedrooms - 1 more than similarly priced 3-bedroom homes nearby 72

2 bathrooms - typical for similarly priced properties 60

Location

$58K median household income - below the Canadian average of $70K 59

74% of residents hold postsecondary credentials - a highly educated neighbourhood 83

66% homeownership rate - a balanced mix of owners and renters 76

72% of residents commute under 30 minutes - excellent commuter accessibility 87

3,251/km² population density - a well-balanced suburban area 97

Market

Just listed - area average is 53 days on market 100

-4.8% median price change over 1 month - declining prices in the area 26

29.2 months of housing supply - 292 active listings with 10 sold last month (buyer's market) 40

Features

8-car garage - more than the area average of 4.2 spots 95

Finished, Full basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

1 fireplace - a desirable feature for Canadian winters 75

Built in 1960 (66 years old) - established home with character, older than the area average (1975) 35

Pool - premium features that add significant value 65

Investment

0.91% effective tax rate ($6,665/yr) - below the Canadian average of ~1% 73

33% renter population - moderate rental market 69

Quality

Condition

Listing

21 photos provided - below the area average of 41 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.