258 Water Street, Guelph, ON N1G 1B7
Dovercliffe Park/Old University, Guelph · Near Water/Edinburgh · View map
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.
The home
- Type
- 2-storey detached home
- Style
- 1 Storey/Apt
- Square footage
- 700-1100 sq ft
- Bedrooms
- 2
- Bathrooms
- 1
- Kitchens
- 1
- Rooms
- 4
- Basement
- Unfinished
- Lot size
- 58 x 100 ft
- Faces
- South
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Vinyl Siding
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Driveway spaces
- 2
- Total parking
- 2
Taxes & other
- Property taxes
- $3,788/yr
- Tax year
- 2026
- Occupancy
- Owner
- Possession
- Flexible
- Cross street
- Water/Edinburgh
- Neighbourhood
- Dovercliffe Park/Old University
More
- Price per sq ft
- ~$833 (at 900 sq ft)
- MLS® number
- X13674044
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The home and its surroundings
- Air Exchanger
- ERV/HRV
- Water Heater Owned
- Water Purifier
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
258 Water Street, Guelph, ON N1G 1B7
Dovercliffe Park/Old University, Guelph · Near Water/Edinburgh
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Listing history for 258 Water Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 258 Water Street
Answers come straight from this home’s MLS® listing.
How much is 258 Water Street listed for, and what would it cost each month?
258 Water Street is listed for $749,900. With 20% down ($149,980), the mortgage payment would be roughly $3,025 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $3,341 a month, all in. That figure is an illustration, not a quote.
Is 258 Water Street freehold or a condo, and is there a monthly fee?
258 Water Street is a 2-storey detached home in Dovercliffe Park/Old University, Guelph. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 258 Water Street have?
258 Water Street has 2 bedrooms and 1 bathroom. The listing gives the style as 1 storey/apt.
Does 258 Water Street have a garage and parking?
The listing does not show a garage. The driveway adds 2 spaces. In total the listing counts 2 parking spaces.
Does 258 Water Street have a finished basement?
The listing describes the basement as unfinished.
What style of home is 258 Water Street?
258 Water Street is a 2-storey detached home. A 2-storey detached house has its living space on the main floor and the bedrooms upstairs, on its own lot with no shared walls.
How big is 258 Water Street, and what is the lot size?
The listing puts the home between 700 and 1,100 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 58 x 100 ft.
How is 258 Water Street heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 258 Water Street?
Property taxes are $3,788 a year (2026), or about $316 a month.
Where is 258 Water Street?
258 Water Street is in the Dovercliffe Park/Old University community of Guelph. The nearest main intersection is Water/Edinburgh. The postal code is N1G 1B7.
Is 258 Water Street still for sale?
Yes. It is an active listing (MLS® X13674044). Listings here update from the board through the day and come down once a home sells.
What are similar detached homes near 258 Water Street asking?
Similar detached homes for sale nearby right now include 26 Castlebury Drive at $749,000 (3 bed), 31 Jane Street at $749,000 (3 bed) and 46 Chesterton Lane at $719,900 (3+1 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 258 Water Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 258 Water Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar detached homes nearby
More detached homes for sale near Dovercliffe Park/Old University, picked by style, size and price.
2-storey detached home$749,00026 Castlebury Drive, Guelph3 bed · 2 bath · Willow West/Sugarbush/West AcresCourtesy of: REAL BROKER ONTARIO LTD.View home →
2-storey detached home$749,00031 Jane Street, Guelph3 bed · 2 bath · St. George'sCourtesy of: Bosley Real Estate Ltd.View home →
2-storey detached home$719,90046 Chesterton Lane, Guelph3+1 bed · 2 bath · Grange RoadCourtesy of: REAL BROKER ONTARIO LTD.View home →Courtesy of: RE/MAX Icon Realty
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.