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Caroline Marshall

carolinesellsmuskoka@gmail.com +1(705) 388-1792

$ 1,495,000

Est. payment -/mo

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Active Under Contract

261-267 Bristol ST Guelph, ON N1H 3M5

4 Beds

3 Baths

2,065 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-3 Unit

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,065 sqft

Price per Sqft $723

MLS Listing ID 40824571

Bedrooms 4

Abv Grd Liv Area 2,065

Annual Tax Amount $7,491

Lot Size 0.623 Acres

Acres 0.623

Property Sub-Type Multi-3 Unit

Source Cornerstone

Property Description

The assembled parcels at 261-267 Bristol Street comprise approximately 0.623 acres and present a compelling opportunity to acquire a well-located, income-producing asset with meaningful medium-term re-development potential. The property is currently improved with a rental bungalow and two-storey duplex, providing stable in-place income with the ability to enhance returns through leasing at market-value. In the near term, investors can benefit from cash flow and operational upside, while holding a strategically located site in a growing area of Guelph. Over the medium term, the anticipated relocation of the existing trunk sewer easement is expected to unlock the property's full development potential, significantly enhancing its value and redevelopment viability. Preliminary concept studies illustrate the long-term potential of the site, including: (i) a 10-storey apartment building comprising approximately 105 units and 90,428 square feet of GFA; and (ii) a 7-storey apartment building comprising approximately 89 units and 77,382 square feet of GFA. This offering represents a rare opportunity to secure current income with built-in upside, combining near-term cash flow with a clear path the future intensification in a well-connected location just minutes from downtown Guelph and Highway 6.

Location

Province ON

County Wellington

Area City Of Guelph

Zoning RH.7 (H12)

Direction Located directly on the corner of Bristol St and St Arnaud St, with exposure from Wellington St W being one of the main roads in Guelph.

Rooms

Basement Other, Full, Partially Finished

Kitchen 0

Interior

Interior Features Brick & Beam, Built-In Appliances

Heating Natural Gas

Cooling Other

Fireplace No

Appliance Built-in Microwave, Dryer, Refrigerator, Stove, Washer

Laundry In-Suite

Exterior

Parking Features Detached Garage

Garage Spaces 4.0

Roof Type Flat

Lot Frontage 158.7

Lot Depth 164.5

Garage Yes

Building

Lot Description High Traffic Area, Open Spaces, Schools

Faces Located directly on the corner of Bristol St and St Arnaud St, with exposure from Wellington St W being one of the main roads in Guelph.

Story 2

Foundation Concrete Block

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 2

Structure Type Brick Veneer,Stone

New Construction No

Others

Senior Community false

Tax ID 712470615

Ownership Freehold/None

Listed by COLLIERS

NEARBY SCHOOLS & PROPERTIES

Caroline Marshall

+1(705) 388-1792

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