274 Water Street, Guelph, ON
Property Highlights
Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of Dovercliffe Park/Old University. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $799,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 4 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 65.93 x 106.64 ft lot
- Features a full, finished, separate entrance, apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 7.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Accessory Apartment, In-Law Suite, Primary Bedroom - Main Floor
- Efficient forced air heating via gas
Description
Finding a home in Guelph's prestigious Old University neighborhood 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 neighborhood 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 neighborhood. *Upper Tenant will be vacating Aug 31. N9 has been signed. Lower Tenant on a lease until May 31, 2027.*
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Property Summary
This detached home located at 274 Water Street, Guelph is currently for sale and has been available on SousaSells for 7 days. This property is listed at $799,900 with an estimated mortgage of $2,663* per month. It has 4 beds, 2 bathrooms, and is 1100-1500 square feet. 274 Water Street, Guelph is in the Dovercliffe Park/Old University neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 4 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Dovercliffe Park/Old University, Guelph.
- •4 spacious bedroom layout offering versatile living space
- •2 well-appointed bathrooms
- •1100-1500 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Dovercliffe Park/Old University, Guelph.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Park
- Place Of Worship
- Public Transit
- River/Stream
- School
- Wooded/Treed
Interior Features
- Accessory Apartment
- In-Law Suite
- Primary Bedroom - Main Floor
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 274 Water Street, Guelph, ON
Q.What is the asking price for 274 Water Street, Guelph, ON ?
The current listing price for 274 Water Street, Guelph, ON in Dovercliffe Park/Old University, Guelph is $799,900.
Q.How many bedrooms and bathrooms does this property have?
This property features 4 bedrooms and 2 bathrooms across approximately 1100-1500 sqft.
Q.What property type and architectural style is 274 Water Street, Guelph, ON ?
274 Water Street, Guelph, ON is a Detached (1 1/2 Storey) featuring a Full, Finished, Separate Entrance, Apartment basement.
Q.What key property features does 274 Water Street, Guelph, ON offer?
Key property features include: Park, Place Of Worship, Public Transit, River/Stream, School, Wooded/Treed.
Q.What interior features are included in this home?
Interior highlights include: Accessory Apartment, In-Law Suite, Primary Bedroom - Main Floor.
Q.Is parking available at this property?
Yes, this property offers parking space for 7.0 vehicles (Detached).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via None.
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Pricing & Value Insights
Data-driven valuation for 274 Water Street, Guelph, ON N1G 1B7
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Guelph, ON
For a property listed at $799,900 in Guelph, the legal minimum down payment is $54,990 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $12,473 for this transaction. As this listing is in Guelph (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $12,473.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.