261 WATER Street
Guelph, Ontario
5 bed • 2 bath • Single Family
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.
Price History
Schools
Elementary
- John McCrae Public School0.6 km
Public · Upper Grand DSB · 545 students
Grade 3 reading: 80% met the provincial standard · Grade 6 math: 84% met the provincial standard
- ÉÉC Saint-René-Goupil1.2 km
French Catholic · CS catholique MonAvenir · 190 students
Grade 3 reading: 72% met the provincial standard · Grade 6 math: 42% met the provincial standard
- Priory Park Public School1.4 km
Public · Upper Grand DSB · 210 students
Grade 3 reading: 56% met the provincial standard · Grade 6 math: 53% met the provincial standard
Secondary
- Day School -Wellington Centre - ContEd1.1 km
Public · Upper Grand DSB · 120 students
- Centennial Collegiate and Vocational Institute1.1 km
Public · Upper Grand DSB · 1655 students
Grade 10 literacy: 93% met the provincial standard
- College Heights Secondary School1.2 km
Public · Upper Grand DSB · 265 students
Grade 10 literacy: 26% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N1G
- Population
- 29,688
- Private dwellings
- 12,853
- Median age
- 37.6
- Average household size
- 2.6
- Median household income
- $98,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Single Family in Guelph · last 12 months
- Median sold price
- $735,000
- Homes sold
- 1,544
- Median days on market
- 24
- Sale-to-list price
- 97.8%
Based on 1,544 recorded sales of single family properties in Guelph over the last 12 months.
Location
Mortgage Calculator
$139,800
Estimated Monthly Payment
$3,434
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,434/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $175/mo
Estimates only. Consult a financial advisor.
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