261 Water Street
Dovercliffe Park/Old University, Guelph, N1G 1B6
FOR SALE
$699,000
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5
BEDROOMS2
BATHROOMS1
KITCHENS11
ROOMSX12840678
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Property Description
Spacious 5-bedroom 2 bathroom, 1,475 sq. ft. backsplit style home offering a fantastic opportunity for investors, renovators, or buyers looking to add value. Situated in a desirable, well-located neighborhood close to amenities, transit, schools, and shopping, this property combines strong potential with long-term upside. The home features a generous layout with multiple bedrooms, ample living space, and a functional floor plan that lends itself well to customization, rental conversion, or a full renovation project. While the property does require updates and some TLC, it provides a solid foundation for those looking to build equity or maximize returns. Corner lot with lots of yard space located near the Speed River and downtown Guelph, also within a few kilometers of the Stone Road mall. Whether you're an investor seeking your next project, a contractor looking for a value-add opportunity, or a buyer with vision, this property presents excellent potential in a prime location.
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Property Features
Hospital, Public Transit, School, Water Heater, Private
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Property Details
Address
261 Water Street
Community
City
Postal Code
N1G 1B6
Property Type
Detached, Detached
Lot Size
56' x 95'
Taxes
$4,431 (2025
Basement
Finished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
3
Garage Type
None
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Listing contracted with Re/Max Twin City Realty Inc.
Welcome to this centrally located 5-bedroom home offering a functional layout and exceptional versatility for families, first-time buyers, or investors. The main floor features a welcoming living room with a cozy gas fireplace, a separate dining room, a functional kitchen, one bedroom, and a convenient 3-piece bathroom.The second floor offers four comfortable bedrooms and an additional 3-piece bathroom, providing ample space for a growing family or flexibility for guests, a home office, or student accommodation.Freshly painted throughout with updated light fixtures and professionally cleaned, this home is truly move-in ready. Recent updates include a high-efficiency furnace (2021), central air conditioning (2022), an updated front door, newer front verandah and back porch, and newer backyard fencing.Situated on a transit route and within walking distance to downtown Guelph, the transit hub, grocery stores, parks, and other everyday amenities, this home offers outstanding convenience. Whether you're searching for a family home or an investment property with excellent rental potential, this property is ready for its next chapter.
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