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Investment signal

$800,000

258 WATER Street

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Beds

Baths

Sqft

—

Year

—

Type

Single Family

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Guelph. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

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. (id:65958)

Subtype: Single Family
Architectural style: Bungalow
Structure: House
Community: 6 - Dovercliffe Park/Old University
Common interest: Freehold
Living area: 707 square feet
Bedrooms: 3 above grade, 0 below grade
Parking: 4 total
Stories: 1
On market: Apr 17, 2026
Status changed: Apr 22, 2026
Annual tax: $3,788
Zoning: R1B
Photos: 2
MLS#: 40821519
Area: GUELPH

Features and systems

Basement

Partially finishedFull

Appliances

Water softener

Heating

Natural gas

Cooling

Central air conditioning

Exterior

Aluminum siding

Foundation

Block

Negative cash flow ~$889/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.67%

Cap rate

3.53%

GRM

16.7

Break-even rent

$4,936

Financing

Down payment$160,000

Loan amount$640,000

Mortgage$3,243/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$367

Insurance$80

Maintenance$667

CapEx reserve$333

Vacancy loss$200

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $3,243/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 22, 2026.