ON > Guelph
Guelph, ON N1H 3M5,261-267 Bristol Street
Guelph, ON N1H 3M5,261-267 Bristol Street
Guelph, ON N1H 3M5,261-267 Bristol Street
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Price Team

Price Team

+1(905) 308-8333
$2,320,000
Est. payment /mo
0.62 Acres Lot
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Residential

Listing Status Active

Purchase Type For Sale

MLS Listing ID 40713412

Originating Board Waterloo Region

Annual Tax Amount $8,128

Lot Size 0.623 Acres

Acres 0.623

Property Sub-Type Residential

Property Description

Located in a thriving and growing area of Guelph, this property offers an exceptional opportunity for developers seeking to capitalize on high-density residential growth. Currently designated for High Density Residential use, this site presents various redevelopment opportunities: 1) With the current land use designation, this site allows for the construction of an apartment building ranging from 3 to 10 storeys. A 7-storey building with 89 suites would align with the City's zoning policies and regulations. However, a proposal for a 10-storey building with up to 105 suites may also be considered, subject to approvals. It is important to note that any apartment development would require relocating the existing trunk sewer easement off-site prior to approval; 2) Developers can also consider downzoning the property to construct a combination of townhomes and stacked townhomes, totaling 22 units; 3) Alternatively, developers could downzone the property to accommodate 29 stacked townhomes. This property offers a fantastic opportunity for developers to transform an underutilized site into a vibrant residential development in line with the City of Guelph's push for intensification. With an asking price of $2,320,000 based on the 29-unit stacked townhouse concept, this represents $80,000 per unit.

Location

Province ON

County Wellington

Area City Of Guelph

Zoning RH.7

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

Kitchen 0

Interior

Fireplace No

Exterior

Utilities Available Electricity Connected, Natural Gas Connected

Lot Frontage 158.7

Lot Depth 164.51

Garage No

Building

Lot Description Urban, Irregular Lot, City Lot, High Traffic Area, Public Transit

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.

Sewer Sewer (Municipal)

Water Municipal

New Construction No

Others

Senior Community false

Tax ID 712470615

Ownership Freehold/None

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Listed by COLLIERS

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Price Team

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+1(905) 308-8333

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261-267 Bristol Street