274 WATER STREET

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:27)

• Amenities Nearby Park, Public Transit, Schools
• Equipment Type Water Heater
• Features Wooded area
• Fence Type Partially fenced
• Parking Type Detached garage, Garage
• Property Type Multi-family
• Rental Equipment Type Water Heater
• Sewer Sanitary sewer
• Structure Type Porch
• Appliances Dishwasher, Dryer, Stove, Washer, Refrigerator
• Basement Development Finished
• Basement Type Full, N/A, N/A, N/A
• Building Type Duplex
• Cooling Type None
• Exterior Finish Brick
• Foundation Type Poured Concrete
• Heating Fuel Natural gas
• Heating Type Forced air
• Neighbourhood Dovercliffe Park/Old University
• No. of Parking Spaces 7
• Zoning Type R1B
• Lot Size 65.9 x 106.6 FT
• Lot Frontage 65.8 FEET
• Lot Depth 106.6 FEET
• Floor Space 1100 - 1500 FEETSQ
• Bathrooms 2
• Water Municipal water