258 Water Street, Guelph, ON N1G 1B7, Guelph, ON, N1G 1B7
MLS: X13012528 | Detached
$800,000
Property Description
Incredible Development Opportunity in the Heart of Guelph! A rare, turnkey development site ready for its next visionary owner. City-approved severance allows for the construction of two new semi-detached dwellings, each permitting up to three residential units, for a total of six units. This property presents an exceptional opportunity for investors and builders alike, whether you're targeting student housing or long-term rental income in a high-demand market. With approvals already in place, much of the heavy lifting has been done-allowing you to move forward with confidence and efficiency. Ideal for maximizing density and cash flow, this is a prime chance to capitalize on Guelph's strong rental demand and continued growth. Opportunities like this are rare-don't miss your chance to build and invest with certainty. Eligible for CMHC MLI Select Financing.
Quick Facts
- Property Type: Detached
- Style: Bungalow
- Bedrooms: 3 (3 above)
- Bathrooms: 1
- Parking: 4.0 spaces (Private Double)
Costs
- Annual Taxes: $3,788.00 (2025)
Listing Provided by: RE/MAX Icon Realty
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Cooling: Central Air
- Basement: Partially Finished, Separate Entrance
Exterior & Construction
- Style: Bungalow
- Roof: Asphalt Shingle
- Construction: Aluminum Siding
- Foundation: Concrete Block
- Sewer: Sewer
Lot & Land
- Pool: None
- Zoning: R1B
Community & Neighbourhood
- Neighbourhood: Dovercliffe Park/Old University
Listing Information
Listing History
Sold history, price changes, and days-on-market are reserved for registered users.
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258 Water Street, Guelph, ON N1G 1B7, Guelph, ON, N1G 1B7