For Sale

261 Water Street, Guelph, Ontario N1G 1B6

$699,000

261 Water Street, Guelph, Ontario N1G 1B6 is For Sale and has a listing price of 699,000. The property is located in the Old University neighbourhood . It's been on the website for 5 Days.

  • Detached
    Property Type
  • 5
    Bedrooms
  • 2
    Bathrooms
  • Parking
  • MLS ID: X12840678
  • Office Name RE/MAX TWIN CITY REALTY INC.
Property Description

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
  • Bedrooms: 5
  • MLS ID: X12840678
  • Bathrooms: 2
  • Price: $699,000
  • Lot Depth: 95.02
  • Transaction Types: For Sale
  • Ref ID: X12840678
  • Year Built: N/A
  • Approx Sqft: 1100-1500
  • Dir / Cross St: Edinburgh Rd S/Water St
  • Status: Active
  • Tax Year: 2025
  • Approx Age: 51-99
  • Property Type: Detached
  • Property Type: All Houses
  • Property Sub Category: Detached
Price History
List Date MLS ID List Price Status End Date Closed Price
03/03/2026 X12840678 $699,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Old University
  • $1,201,176 Average List Price
    based on 1 year
  • 10 New Listings
    based on 30 days
  • 36 Median Days on Market
    based on 1 year
  • List vs. Selling Price 2.26 % Up
  • Sold (12mo) 23
  • Rented (12mo) 2

  • 1 Month Change -100.0%
  • 3 Month Change -100.0%
  • 6 Month Change -
Walkscore
  • 60 Walk Score
    Somewhat Walkable
  • 40 Transit Score
    Some Transit
  • 67 Bike Score
    Bikeable
Property Type Distribution
  • All Houses
    90.05%
  • Commercial
    1.88%
  • Condo
    7.53%
  • Land for Sale
    0.54%
Additional Details
  • Heat Type Forced Air
  • Heat Source Gas
  • Style Backsplit 3
  • Washroom Type1: 1
  • Garage Type Y
  • Parking Spaces: 3
  • Exterior Brick, Shingle
  • Kitchen Y
  • Parking Y
  • Washrooms Type 1 # Pcs: 3
  • Washrooms Type 2 # Pcs: 4
  • Washrooms Type 2: 1
  • Taxes: $4,431
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 03/03/2026 19:30:42
Want to see this property?