274 WATER STREET, Guelph, Ontario

$799,900

4 Beds
2 Baths
1,300 Square Feet

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.* (id:23309)

Listing ID: X13619724
Property Type: Single Family

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Rooms

Level	Type	Dimensions
Second Level	Bathroom	2.93 m x 2.22 m
Second Level	Primary Bedroom	5.58 m x 4.38 m
Basement	Recreational, Games Room	5 m x 3.33 m
Basement	Other	0.92 m x 0.79 m
Basement	Utility Room	3.37 m x 1.94 m
Basement	Bathroom	3.61 m x 1.48 m
Basement	Bedroom 3	3.76 m x 3.34 m
Basement	Kitchen	5.11 m x 3.57 m
Main Level	Dining Room	3.59 m x 1.78 m
Main Level	Other	6.5 m x 4.36 m
Main Level	Kitchen	3.79 m x 3.56 m
Main Level	Living Room	3.59 m x 3.47 m
Main Level	Bedroom	4.26 m x 3.04 m
Main Level	Bedroom 2	3.7 m x 2.92 m

Details

Amenities Nearby: Park, Place of Worship, Public Transit, Schools
Equipment: Water Heater
Features: Wooded area, In-Law Suite
Ownership: Freehold
Parking Spaces: 7
Rental Equipment: Water Heater
Structure: Porch
Transaction: For sale
Zoning Description: R1B

Building

Amenities: Fireplace(s)
Appliances: Dishwasher, Dryer, Stove, Washer, Refrigerator
BasementType: Full, N/A (Finished), N/A, N/A
Basement Development: Finished
Basement Features: Separate entrance, Apartment in basement
Bedrooms Main Level: 3
Bedrooms Lower Level: 1
Construction Style Attachment: Detached
Cooling: None
Exterior Finish: Brick
Fireplace Present: True
Fireplace Total: 1
Foundation: Poured Concrete
Bathrooms (Total): 2
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 1100 - 1500 sqft
Stories Total: 1.5
Type: House
Utility Water: Municipal water

Land

Amenities: Park, Place of Worship, Public Transit, Schools
Fence: Partially fenced
Sewer: Sanitary sewer
Size Frontage: 65 ft ,10 in
Size Irregular: 65.9 x 106.6 FT
Surface Water: River/Stream

This property for sale is located at 274 WATER STREET in Guelph. It was last modified on July 30th 2026. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Guelph homes for sale.

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