$749,999
2 bd • 2 ba • 1013 sf • House
228 Water Street
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$749,999
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228 Water StreetGuelph, ON, N1G 1B2

Old University
  • 2 Bed
  • 2 Bath
  • 1013 Sqft
  • House

About this home

Nestled on a mature, tree-lined lot in the heart of Guelph’s sought-after Old University neighbourhood, this charming brick bungalow offers character, income potential, and an unbeatable lifestyle. Just steps from the river, Royal City Park, and the vibrant downtown core, the location alone is exceptional. With over 1,900 sq ft of total living space and a separate side entrance to the lower level, this property presents incredible flexibility. It’s ideal for first-time buyers looking to offset their mortgage or investors seeking a highly rentable home that appeals to both families and students. The main level features two bedrooms and one bathroom, a bright and spacious living area, and original hardwood floors. The separate dining room offers the option to convert to a third bedroom, creating even more value and versatility. The lower level already includes a bathroom/plumbing, has excellent ceiling height, and provides enough space to create a two-bedroom accessory apartment. Alternatively, it can be finished to suit a growing family with a guest bedroom, recreation room, and home office. Out back, the spacious yard is private and peaceful. Imagine Saturday mornings spent strolling through Royal City Park to the farmer’s market or grabbing a latte from a local café. Or, attract quality tenants with the walkability to the University of Guelph and nearby transit. Whether you’re looking to live in a beloved neighbourhood with room to grow or invest in a property with strong rental appeal, 28 Water Street is an opportunity not to be missed!
Listed by: Andra Arnold, Royal LePage Royal City Realty
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Home facts and features

Price details
List Price
$749,999
Get Pre-Approved
Gross Taxes for 2025
$5,102
Home facts
Bedrooms
2
Full Bathrooms
1
Partial Bathrooms
1
Property Type
House
Lot Size
55 ft x 0 ft (0 ft²)
Depth
0.0
Frontage
55.0
Style
Bungalow
Heating Type
Natural Gas
Features
Ceiling Fan(s), Electric, Family Room, Landscaped, Private Entrance, River/stream, Smoke Detector(s), Water Meter
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Community
Agent details
Primary Agent
Primary Broker
Royal LePage Royal City Realty
Secondary Agent
Secondary Broker
Royal LePage Royal City Realty
Listing details
Days on REW
6 Days
MLS® Number
40779987
Source
Information Technology Systems Ontario
Board
Cornerstone Association of REALTORS®

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Amortization
25 Years
Interest Rate
4.09%

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Property Insights

John McCrae Public School
  • Public
  • JK - 8
Meezan School
  • Private
  • JK - 8
Guelph Montessori School
  • Private
  • JK - 6
Guelph Community Christian School
  • Private
  • JK - 8
St John Bosco Catholic School
  • Catholic
  • 9 - 12
Centennial Collegiate Vocational Institute
  • Public
  • 9 - 12
College Heights Secondary School
  • Public
  • 9 - 12
ÉÉC Saint-René-Goupil
  • Catholic
  • JK - 8
Central Public School
  • Public
  • JK - 6
Guelph Collegiate Vocational Institute
  • Public
  • 9 - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Andra Arnold
Phone:
(519) 824-9050
Cell:
519-766-6041
Office:
(519) 824-9050
Fax:
(519) 824-5183
Salesperson
Kelly Arnold
Phone:
(519) 994-0042
Cell:
519-994-0042
Office:
(519) 824-9050
Fax:
(519) 824-5183
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