261-267 Bristol St, Guelph, Ontario N1H 3M5

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.

Inclusions: Built-in Microwave,Other,Dishwasher