274 Water Street Guelph, Ontario N1G 1B7
$774,900
Finding a home in Guelph's prestigious Old University neighbourhood is special, but finding one with a fully legal basement suite is a game-changer. For investors, this location is as close to bulletproof as it gets-with its proximity to the University of Guelph, downtown, and transit, you will never have an issue finding quality tenants. For an owner-occupier, it offers the ultimate entry point into a incredible, established community with a legal mortgage helper to keep monthly costs low. The upper unit is an incredible home for anyone looking to get into a prime neighbourhood at an accessible price point. The main level is completely carpet-free with updated vinyl flooring and trim. At the heart of the home is a bright kitchen fully renovated in 2022 with quartz countertops and stainless steel appliances. The open living and dining space is anchored by a warm gas fireplace and features a walkout to a large side yard. Two spacious bedrooms sit on the main level, while the upper floor is dedicated to a massive primary bedroom and an updated four-piece bathroom. Downstairs, the legal two-bedroom basement suite is bright and spacious, featuring its own 2022-renovated kitchen with quartz counters and stainless appliances, plus two large bedrooms and access to shared common laundry. With a new roof in 2024, a furnace replaced in 2021, a detached 1.5-car insulated garage with an updated door, and parking for six cars on a 66' x 109' lot, most of the big-ticket items are done. Best of all, you are a short walk to U of G, Stone Road Mall, riverfront trails, top schools, and bus stops. 274 Water St is a rare find in a landmark neighbourhood. Lower Tenant on a lease until May 31, 2027. (id:16261)
Property Details
| MLS® Number | X13619724 |
| Property Type | Multi-family |
| Community Name | Dovercliffe Park/Old University |
| Amenities Near By | Park, Place Of Worship, Public Transit, Schools |
| Equipment Type | Water Heater |
| Features | Wooded Area, In-law Suite |
| Parking Space Total | 7 |
| Rental Equipment Type | Water Heater |
| Structure | Porch |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 4 |
| Age | 51 To 99 Years |
| Amenities | Fireplace(s) |
| Appliances | Dishwasher, Dryer, Stove, Washer, Refrigerator |
| Basement Development | Finished |
| Basement Features | Separate Entrance, Apartment In Basement |
| Basement Type | Full, N/a (finished), N/a, N/a |
| Cooling Type | None |
| Exterior Finish | Brick |
| Fireplace Present | Yes |
| Fireplace Total | 1 |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1,100 - 1,500 Sqft |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| Detached Garage | |
| Garage |
Land
| Acreage | No |
| Fence Type | Partially Fenced |
| Land Amenities | Park, Place Of Worship, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 106 Ft ,7 In |
| Size Frontage | 65 Ft ,10 In |
| Size Irregular | 65.9 X 106.6 Ft |
| Size Total Text | 65.9 X 106.6 Ft |
| Surface Water | River/stream |
| Zoning Description | R1b |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bathroom | 2.93 m | 2.22 m | 2.93 m x 2.22 m |
| Second Level | Primary Bedroom | 5.58 m | 4.38 m | 5.58 m x 4.38 m |
| Basement | Recreational, Games Room | 5 m | 3.33 m | 5 m x 3.33 m |
| Basement | Other | 0.92 m | 0.79 m | 0.92 m x 0.79 m |
| Basement | Utility Room | 3.37 m | 1.94 m | 3.37 m x 1.94 m |
| Basement | Bathroom | 3.61 m | 1.48 m | 3.61 m x 1.48 m |
| Basement | Bedroom 3 | 3.76 m | 3.34 m | 3.76 m x 3.34 m |
| Basement | Kitchen | 5.11 m | 3.57 m | 5.11 m x 3.57 m |
| Main Level | Dining Room | 3.59 m | 1.78 m | 3.59 m x 1.78 m |
| Main Level | Other | 6.5 m | 4.36 m | 6.5 m x 4.36 m |
| Main Level | Kitchen | 3.79 m | 3.56 m | 3.79 m x 3.56 m |
| Main Level | Living Room | 3.59 m | 3.47 m | 3.59 m x 3.47 m |
| Main Level | Bedroom | 4.26 m | 3.04 m | 4.26 m x 3.04 m |
| Main Level | Bedroom 2 | 3.7 m | 2.92 m | 3.7 m x 2.92 m |
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October 04 2026 04:28:39
The Lakelands Association of REALTORS®
Chestnut Park Realty (Southwestern Ontario) Ltd
