258 Water Street • Guelph, ON photo 1
258 Water Street • Guelph, ON photo 2
258 Water Street • Guelph, ON photo 3
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$749,900
258 Water Street • Guelph, ONPrice Change▼ 3.85%
Courtesy of RE/MAX Icon Realty
2
Bedrooms
1
Bathroom
700-1100
Square feet
2
Parking

About this home

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.

Property details

Property type
Detached
Style
1 Storey/Apt
Total rooms
4
Lot size
58 × 100 ft
Property taxes
$3,788 (2026)
Occupancy
Flexible
Days on market
11
Status
Active
MLS®

Property history

Recently sold nearby

Listing data last updated: Aug 23, 2026, 3:48 p.m. EDT via TRREB IDX.

First listed: Aug 13, 2026, 8:23 p.m. EDT.