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.
258 Water Street
Dovercliffe Park/Old University, Guelph, Wellington $800,000Make an offer
3 Beds
1 Baths
700-1100 sqft
Parking for 4
South Facing
Zoning: R1B
- MLS®#:
- X13012528
- Property Type:
- Detached
- Property Style:
- Bungalow
- Area:
- Wellington
- Community:
- Dovercliffe Park/Old University
- Taxes:
- $3,788 / 2025
- Added:
- April 17 2026
- Lot Frontage:
- 58
- Lot Depth:
- 100
- Status:
- Active
- Outside:
- Aluminum Siding
- Year Built:
- Basement:
- Partially Finished,Separate Entrance
- Brokerage:
- RE/MAX Icon Realty
- Lot :
-
100
58
- Intersection:
- Highway 7 & Edinburgh Rd S
- Rooms:
- Bedrooms:
- 3
- Bathrooms:
- 1
- Fireplace:
- Utilities
- Water:
- Municipal
- Cooling:
- Central Air
- Heating Type:
- Forced Air
- Heating Fuel:
| Living Room | 4.44 x 3.1m Main Level |
|---|---|
| Bedroom | 2.11 x 3.17m Main Level |
| Bedroom | 2.41 x 3.07m Main Level |
| Bedroom | 3.56 x 3.02m Main Level |
| Kitchen | 3.33 x 3.17m Main Level |
Listing Details
Insights
- Prime Development Opportunity: The property comes with city-approved severance, allowing for the construction of two semi-detached dwellings with a total of six residential units, making it an attractive investment for builders and investors.
- High Rental Demand: Located in a high-demand market, this property is ideal for targeting student housing or long-term rentals, ensuring strong cash flow potential for investors.
- Turnkey with Financing Options: With approvals already in place and eligibility for CMHC MLI Select Financing, buyers can proceed with confidence and efficiency, minimizing initial hurdles in the development process.
Sale/Lease History of 258 Water Street
View all past sales, leases, and listings of the property at 258 Water Street.Neighborhood Overview
Complete neighborhood profile for 258 Water Street
Dovercliffe Park/Old University home prices
Average sold price for Detached, Semi-Detached, Condo, Townhomes in Dovercliffe Park/Old University
Insights for 258 Water Street
View the highest and lowest priced active homes, recent sales on the same street and postal code as 258 Water Street, and upcoming open houses this weekend.
* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)
