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$449,000

239 ELIZABETH STREET

Beds

Baths

Sqft

Year

About this home

Rare Corner Lot in Guelph! Discover the potential of this uniquely set-back corner lot vacant residential building site just minutes from Guelphs vibrant downtown core. Combining convenience with lifestyle, this property is within easy reach of restaurants, shops, the GO train, top schools, and renowned parks, all while nestled in the iconic heart of St. Patrick's Ward. Fully serviced with building levies already paid, this lot gives you a valuable head start on your project. Whether you're looking to invest, develop, or design and build your dream home, the groundwork is already in place saving both time and upfront costs. Opportunity to acquire a vacant lot with professionally designed plans for a three-storey, fully wheelchair-accessible duplex, crafted by an architectural firm ( A.I. rendered )With Guelphs continued growth, strong rental market, and reputation as one of Ontario's most livable cities, opportunities like this are increasingly rare. This property offers the flexibility to create a custom residence or explore development potential in a location that will only become more desirable as St. Patrick's Ward continues to shine. (id:65958)

Subtype
Vacant Land
MLS#
X13015872
Area
GUELPH_(ST._PATRICK'S_WARD)
Negative cash flow ~$771/mo at these assumptions

Cash on cash

-10.30%

Cap rate

3.83%

GRM

15.6

Break-even rent

$3,211

Financing

Down payment$89,800
Loan amount$359,200
Mortgage$2,204/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$206
Insurance$80
Maintenance$374
CapEx reserve$187
Vacancy loss$120

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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 $2,204/mo at 5.49% with 20% down, 25-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 18, 2026.

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