258 Water Street, Guelph
For sale · $749,900
2 beds · 1 bath · Detached · 700-1100 sq ft
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.
Listing details
- MLS® number: X13674044
- Listed on August 13, 2026
- 3 photos
Listing brokerage: RE/MAX Icon Realty
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