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258 Water Street

Dovercliffe Park/Old University, Guelph, N1G 1B7

$749,900

Reduced $30,000 from $779,900

Photo 1 of 3Photo 2 of 3Photo 3 of 3
  • 2 bedrooms
  • 1 bathrooms
  • 2 parking
  • 700-1100 sq ft

Listed 67 days ago · MLS® X13674044

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.

Details

Type
Detached
Style
1 Storey/Apt
Size
700-1100 sq ft
Lot
58 × 100 ft
Basement
Unfinished
Garage
None
Kitchens
1
Property tax
$3,788 (2026)
Neighbourhood
Dovercliffe Park/Old University
Municipality
Guelph
Price per sq ft
$833 (35% above detached houses in Dovercliffe Park/Old University, $615)

Interior

Bedrooms
2 above ground
Bathrooms
1 × 4-piece (ground)
Rooms
4 above ground
Family room or den
No
Fireplace
No
Features
Air Exchanger, ERV/HRV, Water Heater Owned, Water Purifier

Heating, cooling and services

Heating
Forced Air, Gas
Air conditioning
Central Air
Water and sewer
Sewer

Building and exterior

Style
1 Storey/Apt
Exterior
Vinyl Siding
Roof
Asphalt Shingle
Foundation
Concrete
Faces
South

Parking

Total parking
2

Lot

Size
58 × 100 ft

More

Possession
Flexible
Cross street
Water/Edinburgh

History of this address

4 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Somewhat walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: no grocery stores, 5 cafés and restaurants, 5 parks. Nearest park: Silver Creek Park (150 m).

Schools nearby

Elementary

  • John McCrae Public School
    EQAO: Gr 6 reading 97%, math 84%    8 min walk
  • Guelph Montessori School Private12 min walk
  • École élémentaire catholique Saint-René-Goupil Catholic · French
    EQAO: Gr 6 reading 78%, math 42%    18 min walk
  • Paisley Road Public School
    EQAO: Gr 6 reading 70%, math 42%    1.4 km

Secondary

  • Centennial Collegiate and Vocational Institute
    EQAO: Gr 9 math 75%, literacy test 93%    15 min walk
  • College Heights Secondary School
    EQAO: literacy test 26%    16 min walk
  • Guelph Collegiate and Vocational Institute
    EQAO: Gr 9 math 71%, literacy test 91%    1.5 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area N1G

Owners / renters
65% / 35%
Median household income
$98,000
Average age
41
Children under 15
14%
Homes
55% detached, 7% high-rise
Commute by transit
5%
Population
29,688

Languages spoken most at home besides English: Mandarin 2%, Punjabi (Panjabi) 0.9%, Arabic 0.6%, Spanish 0.6%.

Safety

Crime Severity Index for Guelph police: 58 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown Kitchener: 21 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by RE/MAX Icon Realty.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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