258 Water Street, Guelph, ON N1G 1B7
258 Water Street, Guelph, ON N1G 1B7, Dovercliffe Park/Old University, Guelph
About this property
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.
Property information
Bedrooms
2
Bathrooms
1
Parking
2
Interior
700-1100 sqft
Lot size
58 x 100 ft
Year built
—
Kitchens
1
Systems & features
Listing history
Market demand
Balanced Market
2.8 months of supply — 246 active, 264 sold in the last 90 days, same type & city.
Location
258 Water Street, Guelph, ON N1G 1B7, Dovercliffe Park/Old University, Guelph
Approximate location shown. Exact address provided upon confirmed showing.
Ask a Realtor
Answered by licensed agentsSign in to ask a licensed agent a question about this property.