258 WATER Street
Guelph, Ontario
3 bed • 1 bath • Single Family
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.
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 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
$160,000
Estimated Monthly Payment
$3,930
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,930/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $200/mo
Estimates only. Consult a financial advisor.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?