258 Water Street
Dovercliffe Park/Old University, Guelph, N1G 1B7
FOR SALE
$800,000

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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.
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 1999-12-30 | 2000-01-01 | 2 | $575,000 | $550,000 |
| 2013-01-15 | 2013-02-19 | 35 | $289,900 | $280,000 |
Property Features
None
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Property Details
Address
258 Water Street
Community
City
Postal Code
N1G 1B7
Property Type
Detached, Detached
Zoning
R1B
Lot Size
58' x 100'
Taxes
$3,788 (2025
Basement
Partially Finished, Separate Entrance
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
4
Garage Type
None
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Listing contracted with Re/Max Icon Realty
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