261 Water Street, Guelph, ON

Located at 261 Water Street, Guelph, ON in Guelph (Dovercliffe Park/Old University neighbourhood), near Edinburgh Rd S/Water St. This freehold home offers Detached, ["Backsplit 3"], 5 bedrooms, 2 bathrooms and 1100-1500 sq.ft. (approx.) in a layout suited to everyday family living. Basement: Finished • 3 parking spots • Garage: None • Heating: Gas Forced Air • Cooling: Central Air. Property taxes are approximately $4,431 for 2025. 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.