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.
2 bedrooms, 1 bathroom, about 700 sq ft, works out to roughly $1,071 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.Ask Zara a follow-up
Inside 258 Water St
Every detail from the listing, in one place.
Type
Detached
Style
1 Storey/Apt
Living space
700-1100 sq ftas stated on the listing
Parking
2 spaces
Basement
Unfinished
Features & systems
Parking & garage
Parking spaces
2
Interior
Basement
Unfinished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
1 Storey/Apt
Property class
Detached
258 Water St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$3,684
/mo
based on the purchase price of $749,900
$149,980 cash
$599,920 financed
$505,290 total interest
Principal54%$599,920
Interest46%$505,290
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Guelph
Other 2–5 bed homes for sale in Guelph around $750K.
Average days on market37Homes sold in about 37 days on average.
Sale-to-list ratio97.7%On average, homes sold below asking.
Active listings646Homes for sale here right now.
Median vs prior 90 days+2.8%Compared with Apr 15 – Jul 14, 2026: prices up.
Based on 669 sales from Jul 14 – Oct 12, 2026 (429 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
258 Water St is listed at $749,900 (MLS® X13674044). Summitly updates the price as soon as the MLS® record changes.
Is $749,900 a good price for 258 Water St?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Guelph. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 258 Water St changed?
Yes — it was first listed at $779,900 and is now $749,900, a drop of $30,000 (3.8%).
How many bedrooms and bathrooms does 258 Water St have?
258 Water St has 2 bedrooms and 1 bathroom, with about 700–1,100 square feet of living space. It is a detached home in Guelph.
Is 258 Water St close to transit?
The nearest rapid-transit station is Guelph Central GO Station (Kitchener GO), about 1.6 km (about a 19-minute walk) in a straight line. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 258 Water St?
About $3,684 a month — principal and interest on $749,900 with 20% down ($149,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 258 Water St compare with other homes in Guelph?
Its asking price of $749,900 is about the same as the median sold price in Guelph over the last 90 days, $745,000, across 669 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 258 Water St been sold before?
Summitly has no earlier MLS® sale or lease of 258 Water St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 258 Water St?
258 Water St is in Guelph, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 258 Water St been on the market?
60 days — 258 Water St was listed on August 13, 2026.
What is the price per square foot of 258 Water St?
About $682 to $1,071 per square foot: the asking price of $749,900 over the 700–1,100 sq ft the listing gives as its size range.