258 Water Street

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…

Property Type

Detached

Style

Bungalow

Lot Size

58 ft × 100 ft

Heating

Forced Air

Cooling

Central Air

Basement

Partially Finished, Separate Entrance

Parking

4 spaces

Annual Taxes

$3,788 (2025)

MLS #

X13012528

Brokerage

RE/MAX Icon Realty

Days on Market

41 days

Estimated payment. Does not include property tax, insurance, or condo fees.