59 College Avenue W B, Guelph, ON N1G 1S1, Guelph, ON
Bed 4
Bath 1
**Prime Investment Opportunity: Tear-Down Home on Spacious Lot - Steps from the University of Guelph!** Are you an investor, builder, or homeowner with a vision? This is your chance to own a prime piece of real estate just two minutes' walk from the University of Guelph. Located in a highly sought-after neighborhood, this large lot presents the perfect canvas for developing a triplex-ideal for student rentals, multi-generational living, or maximizing rental income. Currently housing a tear-down home, this property offers exceptional potential for redevelopment. The lot is generously sized, providing ample space to create a modern triplex with desirable amenities, all while benefiting from the unmatched convenience of being so close to campus. Whether you plan to build for personal use or as an income-generating investment, the location alone guarantees demand, ensuring high rental yields in an area with a constant flow of students and professionals. The large lot allows for innovative architectural designs, so you can maximize space, efficiency, and style while adding significant value to the property. With zoning options and ample room for expansion, this is more than just a home-its an opportunity to create something that works for the growing need for housing near the university. Contact us today to learn more about this incredible investment in the heart of Guelph!
Property Highlights
For Sale
MLS NO.
X11936961
Type
Residential Freehold
Sub Type
Triplex
Bedrooms
4
Bathrooms
1
Parking
2.0
Complete Property Details
Property Type
Residential Freehold
Sub Type
Triplex
Transaction Type
For Sale
Status
Cancelled
Contract Status
Unavailable
MLS® Number
X11936961
Living Area Range
1500-2000
Total Bedrooms
4
Bedrooms Above Grade
4
Total Bathrooms
1
Total Kitchens
1
Kitchens Above Grade
1
Rooms Above Grade
6
Interior Features
ERV/HRV, On Demand Water Heater, Separate Hydro Meter
Fireplace
No
Central Vacuum Yn
No
Construction
Aluminum Siding, Brick
Roof
Asphalt Shingle
Lot Width
54.0
Parking Features
Private
Parking Total
2.0
Covered Spaces
0.0
Garage Type
None
Pool
None
Direction Facing
North
Cooling
None
Heat Source
Gas
Heat Type
Forced Air
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
59 College Avenue W B, Guelph, ON N1G 1S1
City
Guelph
Neighbourhood
Dovercliffe Park/Old University
County / Region
Wellington
Province / State
ON
Postal Code
N1G 1S1
Cross Street
Gordon St
Country
CA
List Price
$2,250,000
Annual Taxes
$5,674
Tax Year
2024
Legal Description
PT LT 9 PL 283 GUELPH TOWNSHIP AS IN ROS179030; GUELPH AMENDED MARCH 30, 2000 LR#19
Possession Details
to be built
Listing Office
CENTURY 21 FIRST CANADIAN CORP
Board
London and St. Thomas Association of REALTORS
Original Entry
2025-01-23T13:40:19Z
Media Updated
2025-01-23T13:40:19Z
Photos Updated
2025-01-23T13:40:19Z
Last Modified
2025-01-27T17:27:49Z
System Modified
2025-10-12T08:31:10.75433Z
MLS Status
Terminated
Architectural Style
2 1/2 Storey
Basement
None
Ddfyn
Yes
Expiration Date
2025-06-20
Foundation Details
Concrete
Heat Source Multi
Gas
Heat Type Multi
Forced Air
Hstapplication
Included
Occupant Type
Vacant
Originating System Id
A00001796
Parcel Number
712410147
Parking Spaces
2
Property Features
School, Park
Public Remarks
**Prime Investment Opportunity: Tear-Down Home on Spacious Lot - Steps from the University of Guelph!** Are you an investor, builder, or homeowner with a vision? This is your chance to own a prime piece of real estate just two minutes' walk from the University of Guelph. Located in a highly sought-after neighborhood, this large lot presents the perfect canvas for developing a triplex-ideal for student rentals, multi-generational living, or maximizing rental income. Currently housing a tear-down home, this property offers exceptional potential for redevelopment. The lot is generously sized, providing ample space to create a modern triplex with desirable amenities, all while benefiting from the unmatched convenience of being so close to campus. Whether you plan to build for personal use or as an income-generating investment, the location alone guarantees demand, ensuring high rental yields in an area with a constant flow of students and professionals. The large lot allows for innovative architectural designs, so you can maximize space, efficiency, and style while adding significant value to the property. With zoning options and ample room for expansion, this is more than just a home-its an opportunity to create something that works for the growing need for housing near the university. Contact us today to learn more about this incredible investment in the heart of Guelph!
