274 Water Street
Guelph, ON
- 4 bed
- 2 bath
- approx. 1100-1500 sqft
- Duplex
Finding a home in Guelph's prestigious Old University neighbourhood is special, but finding one with a fully legal basement suite is a game-changer. For investors, this location is as close to bulletproof as it gets-with its proximity to the University of Guelph, downtown, and transit, you will never have an issue finding quality tenants. For an owner-occupier, it offers the ultimate entry point into a incredible, established community with a legal mortgage helper to keep monthly costs low. The upper unit is an incredible home for anyone looking to get into a prime neighbourhood at an accessible price point. The main level is completely carpet-free with updated vinyl flooring and trim. At the heart of the home is a bright kitchen fully renovated in 2022 with quartz countertops and stainless steel appliances. The open living and dining space is anchored by a warm gas fireplace and features a walkout to a large side yard. Two spacious bedrooms sit on the main level, while the upper floor is dedicated to a massive primary bedroom and an updated four-piece bathroom. Downstairs, the legal two-bedroom basement suite is bright and spacious, featuring its own 2022-renovated kitchen with quartz counters and stainless appliances, plus two large bedrooms and access to shared common laundry. With a new roof in 2024, a furnace replaced in 2021, a detached 1.5-car insulated garage with an updated door, and parking for six cars on a 66' x 109' lot, most of the big-ticket items are done. Best of all, you are a short walk to U of G, Stone Road Mall, riverfront trails, top schools, and bus stops. 274 Water St is a rare find in a landmark neighbourhood. Lower Tenant on a lease until May 31, 2027.
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2025)
- $5,004
- Listed
- July 30, 2026
Price History
Property
- Style
- 1 1/2 Storey
- Age
- 51-99
- Construction
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Poured Concrete
- Interior
- Accessory Apartment, In-Law Suite, Primary Bedroom - Main Floor
- Lot Size
- 65.93 x 106.64 Feet
Parking
- Garage
- Detached
- Covered Spaces
- 1.5
- Total Parking
- 7
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- College Ave W
- Zoning
- R1B
- Parcel Number
- 712470199
- Possession
- 30-59 days
- Occupancy
- Tenant
Included
- Inclusions
- Refrigerator x2, Stove x2, Dishwasher x1, Washer x1, Dryer x1
- Exclusions
- Tenant's belongings
Schools
Elementary
- John McCrae Public School0.7 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 km
Public · Upper Grand DSB · 1655 students
Grade 10 literacy: 93% met the provincial standard
- College Heights Secondary School1.1 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
Residential Freehold in Guelph · last 12 months
- Median sold price
- $732,000
- Homes sold
- 1,538
- Median days on market
- 25
- Sale-to-list price
- 97.7%
Based on 1,538 recorded sales of residential freehold properties in Guelph over the last 12 months.
Rooms
4-piece on Second, 4-piece on Basement
Second
- Bathroom9'7" x 7'3"
- Primary Bedroom18'4" x 14'4"
Main
- Bedroom14' x 10'
- Bedroom 212'2" x 9'7"
- Dining Room11'9" x 5'10"
- Kitchen12'5" x 11'8"
- Living Room11'9" x 11'5"
- Other21'4" x 14'4"
Basement
- Bathroom11'10" x 4'10"
- Bedroom 312'4" x 10'11"
- Kitchen16'9" x 11'9"
- Other3' x 2'7"
- Recreation16'5" x 10'11"
- Utility Room11'1" x 6'4"
Listed by
Chestnut Park Realty (Southwestern Ontario) Ltd
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Mortgage Calculator
$159,980
Estimated Monthly Payment
$3,930
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,930/mo (20% down, 5.5%)
Taxes: $417/mo · Insurance: $200/mo
Estimates only. Consult a financial advisor.
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