Prime Opportunity in Old University! Set on a premium 75' x 115' mature lot in one of Guelph's most prestigious neighbourhoods, this solid ranch bungalow offers an expansive main-level layout plus a fully finished basement. Set among character-filled ranch bungalows and upscale newer estates, this prime pocket offers a rare combination of neighbourhood prestige and guaranteed long-term asset growth. The heart of the home is an impressive kitchen addition (1994) streaming with natural light, featuring a seldom-found kitchen gas fireplace and dual porch walkouts-perfect for sunset cocktails and hosting BBQs. The main level boasts custom stained glass and three spacious bedrooms. The fully finished basement features a separate side entrance, making it an ideal multi-generational setup or premium student/campus rental, offering a 4th bedroom, full bathroom, second gas fireplace, and a kitchenette featuring a sink, fridge, and ample space for additional appliances. Outside, the tree-lined yard features a storage barn and a rare detached double-structure: one side is a hobby workshop, while the other features custom wood paneling-ready for a vehicle or your ultimate year-round indoor/outdoor entertainment lounge. A massive driveway anchors the property, easily accommodating parking for 6 vehicles! Unbeatable lifestyle location-walk to local shops or explore the Eramosa River Trail, U of G Arboretum, or the iconic Boathouse Tea Room right from your doorstep. Whether looking for a family home, a premier investment, or a future redevelopment lot, 92 Dean Avenue delivers unmatched value! Some photos have been digitally enhanced using AI technology to illustrate the potential of the property. (id:2493)