258 Water Street, Guelph, ON N1G 1B7 (Highway 7 & Edinburgh Rd S)

Price : $800,000.00 , MLS®# : X12732886

Description

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.

Location Description

Highway 7 & Edinburgh Rd S

Property Details
  • Community: Dovercliffe Park/Old University
  • Property Type: Vacant/Residential Freehold
  • Bedrooms: 3
  • Bath: 1
  • Garages: None
  • Annual Property Taxes : $ 3788
Building Features
  • Foundation Type: Concrete Block
  • Counstruction Material : Aluminum Siding
  • Total Parking Space : 4
  • Parking Type : None
Building Features
  • Heating : Forced AirGas
  • Sewer : Sewer ,
Land (Lot Features)
  • Frontage: 58 sq.ft
  • Land Depth: 100sq.ft

Listing Contracted With: RE/MAX Icon Realty