Welcome to 22 Delaware Avenue in Guelph-a beautifully updated bungalow with a legal 2 bedroom basement unit and situated on a large quarter of an acre lot. This home offers exceptional versatility and value. This well-maintained home features 3 spacious bedrooms and a full bathroom on the main level, complemented by an updated kitchen with stylish butcher block countertops and updated flooring in the kitchen and dining area, creating a warm and inviting living space. Situated on a large lot (quarter of an acre), this property offers incredible outdoor space today with exciting future potential. The generous lot size may allow for the addition of a separate home or accessory unit, making it an excellent opportunity for investors, builders, or those looking to expand.A standout feature of this property is the fully legal 2-bedroom basement apartment, offering a fantastic opportunity for additional income, multigenerational living, or extended family space. With its own separate living area, this unit adds both flexibility and long-term value.Located in a desirable, family-friendly neighbourhood close to schools, parks, shopping, and amenities, this home is ideal for homeowners and investors alike.Don't miss your chance to own a turnkey property with built-in income potential and future development potential in the heart of Guelph.