Listed by Re/Max Icon Realty.

258 Water Street is a Detached, Bungalow and is currently for Sale @ $800,000. Taxes in 2025 were $3,788.00.

More homes for sale under 800k in Guelph

Incredible Development Opportunity in the Heart of Guelph! A rare, turnkey development site ready for its next visionary owner. The Bungalow on 258 Water Street has 3 bedrooms, 1 bathrooms, and is located on a 100 x 58 ft lot in the community of Dovercliffe Park/Old University . 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 address 258 Water Street was listed for sale (MLS# X12732886) on Tuesday, January 27, 2026.