113 Elizabeth Street is a fantastic 6-bedroom bungalow with a separate-entry lower level that could easily be converted into an in-law suite or accessory apartment, perfectly situated in the vibrant and evolving St. Patrick's Ward neighbourhood! With its 6-bedroom layout and a prime location within walking distance to both downtown Guelph and the University of Guelph, this property is an incredible opportunity for investors seeking a high cash-flowing student rental. The main floor features 4 spacious bedrooms with large windows and 4-piece bathroom with a shower/tub combination. The eat-in kitchen offers ample cupboard and counter space, complemented by a large window that brightens the space. A side entry provides access to the lower level, which currently features a wet bar and a generous living room with laminate floors and a charming brick-feature wall, 2 sizable bedrooms and a full bathroom. Located less than a 10-minute walk from downtown Guelph, the property offers easy access to restaurants, boutique shops, nightlife and the GO Station. It's within walking distance of the University of Guelph or just a short bus ride away. Nature lovers will appreciate being mere seconds from Hooper Street Park, which features a picturesque trail along the river and a community pool. This property offers flexibility, location and excellent potential for rental income, making it a smart choice for investors.