258 WATER Street

About this property

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. (id:66549)

Details

Bedrooms

3

Bathrooms

1

Size

707 sq ft

Property type

House

Stories

1

Parking spaces

4

Heating

Natural gas

Neighbourhood

6 - Dovercliffe Park/Old University

Postal code

N1G1B7

MLS® Number

40821519

Status

For Sale

Features

• Air Conditioning

Location