Welcome to 184 Stevenson St N, a centrally located bungalow in Guelph. This property offers exceptional versatility for both homeowners and investors. Set on an expansive 60 x 213 ft lot, this property presents incredible future potential, including the opportunity to add an ADU (pending city approval) and create up to 3 to 4 units.The main floor features a bright and functional layout with hardwood flooring in the principal living areas, freshly painted throughout, 2 spacious bedrooms, a 3 piece bathroom, and a separate dining room with walkout to a private patio and pergola, perfect for outdoor entertaining. The massive backyard offers plenty of space for gardening, pets, and future possibilities.A separate side entrance leads to the fully refinished lower level, complete with high ceilings, 2 additional bedrooms, another bathroom, and durable vinyl flooring throughout. With its layout and ceiling height, this space is ideally suited for a 2 bedroom income suite with potential rental income of $2,100+ per month.Located close to John F. Ross CVI, transit, and everyday amenities, this is a rare opportunity to own a property with both immediate comfort and long term upside.