For Sale: 261 Water Street, Guelph, ON - REW
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$699,000
5 bd 2 ba 1475 sf House

261 Water StreetGuelph, ON, N1G 1B6

Old University
  • 5 Bed
  • 2 Bath
  • 1475 Sqft
  • House

About this home

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.
Listed by: Jason Miller, RE/MAX TWIN CITY REALTY INC.

Home facts and features

Price details
List Price
Gross Taxes for 2026
$4,431
Home facts
Bedrooms
5
Full Bathrooms
2
Parking Spaces
3
Property Type
House
Lot Size
56 ft x 0 ft (0 ft²)
Depth
0.0
Frontage
56.0
Style
Backsplit
Heating Type
Forced Air,Natural Gas
Cooling
Central Air
Basement Details
Crawl Space,Finished
Features
Central Vacuum, Other, River/stream
Appliances
Central Vac, Dishwasher, Stove
Community
Agent details
Primary Agent
Primary Broker
RE/MAX TWIN CITY REALTY INC.
Secondary Agent
Secondary Broker
RE/MAX TWIN CITY REALTY INC.
Listing details
Days on REW
104 Days
Property Views
49
MLS® Number
40807029
Source
Information Technology Systems Ontario
Board
Cornerstone Association of REALTORS®
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Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Meezan School
  • Private
  • JK - 8
John McCrae Public School
  • Public
  • JK - 8
Guelph Montessori School
  • Private
  • JK - 6
Guelph Community Christian School
  • Private
  • JK - 8
Centennial Collegiate Vocational Institute
  • Public
  • 9 - 12
College Heights Secondary School
  • Public
  • 9 - 12
ÉÉC Saint-René-Goupil
  • Catholic
  • JK - 8
St John Bosco Catholic School
  • Catholic
  • 9 - 12
Paisley Road Public School
  • Public
  • JK - 6
Priory Park Public School
  • Public
  • JK - 6
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
Listing data is subject to copyright, disclaimer, and additional requirements from the data provider. See our Terms of Use for terms applicable to this listing. Listing data was last updated on 2026-06-07.