


258 Water Street
Dovercliffe Park/Old University, Guelph
$749,900
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.
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| Type | Detached |
| Style | 1 Storey/Apt |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $3,788 |
| Lot Size | 58 ft x 100 ft |
| mls© Number | X13674044 |
| Listed By | RE/MAX Icon Realty |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,838
- Property tax
- $316
- Heat allowance
- $150
- Housing costs
- $4,304 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$132,000
gross annual household income
- Payment at 4%
- $3,156 / mo
- Cash down
- $149,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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