Spacious 5-bedroom 2 bathroom, 1,475 sq. ft. backsplit style home offering a fantastic opportunity for investors, renovators, or buyers looking to add value. Situated in a desirable, well-located neighborhood close to amenities, transit, schools, and shopping, this property combines strong potential with long-term upside. The home features a generous layout with multiple bedrooms, ample living space, and a functional floor plan that lends itself well to customization, rental conversion, or a full renovation project. While the property does require updates and some TLC, it provides a solid foundation for those looking to build equity or maximize returns. Corner lot with lots of yard space located near the Speed River and downtown Guelph, also within a few kilometers of the Stone Road mall. Whether you're an investor seeking your next project, a contractor looking for a value-add opportunity, or a buyer with vision, this property presents excellent potential in a prime location.

Property Details

Property

Style

Backsplit 3

Basement

Finished Basement

Exterior Finish

Brick, Shingle

Heating

Forced Air · Gas

Cooling

Central Air

Pool

None

Building Age

51–99 years

Parking

Garage Type

None

Total Parking

Land

Lot Size

56.04 × 95.02 ft

Lot Features

Hospital, Public Transit, School

Sewer

Listing

MLS® Number

X12840678

Listed Date

Mar 3, 2026

Last Updated

Mar 3, 2026

About Dovercliffe Park/Old University

View Dovercliffe Park/Old University on Market →

School Zones

Public · UGDSB

Catholic · WCDSB

School boundaries and eligibility may change. Confirm school eligibility directly with the school board.

Location

View on Map

$699,000

261 Water Street, Guelph, ON N1G 1B6

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