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$ 1,200,000
Est. payment /mo
Active
20 HIGHVIEW PLACE Guelph (exhibition Park), ON N1H1M7
5 Beds
2 Baths
700 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 700 sqft
Price per Sqft $1,714
Subdivision Exhibition Park
MLS® Listing ID X12465811
Style Bungalow
Bedrooms 5
Property Sub-Type Freehold
Source OnePoint Association of REALTORS®
Property Description
Prime Development Opportunity in Historic Exhibition Park. Set within one of the city's most prestigious, tree-lined neighbourhoods, this flag-shaped lot spans 98' frontage by 129' depth and sits directly across from a brand new park - perfect for families and refined outdoor living. Just 500 m away, Exhibition Park offers expansive green space, scenic trails, and lively community events, while nearby schools provide International Baccalaureate (IB) programs, combining lifestyle, recreation, and top-tier education for families. Anchored by a thoughtfully renovated legal duplex (3 bedrooms up, 2 down), the property provides strong rental income potential of approximately $4,750 per month, allowing you to offset costs while planning your next masterpiece. With vacant possession available, you have the flexibility to set new market rents immediately. This extraordinary site presents limitless possibilities: reimagine the lot with a custom luxury residence, retain the duplex and sever a second lot, or capitalize on completed due diligence to pursue approvals for two attached single-family homes, each designed as a multi-unit dwelling. Combined with the duplex, the property could accommodate up to seven premium units in total. Potential eligibility for the CMHC Affordable Construction Loan Program (ACLP) further enhances flexibility for discerning investors or families seeking a prestigious address. With trees already cleared, the property offers a pristine canvas to bring your vision to life-whether as a private estate, a sophisticated multi-unit investment, or a combination of both. Several stunning luxury homes in the neighbourhood set the standard for stye, quality and value. Don't miss this once-in-a-generation opportunity to live, build, and invest in one of the city's most desirable neighbourhoods - Exhibition Park. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 1
Sewer Sanitary sewer
Architectural Style Bungalow
Others
Ownership Freehold
Virtual Tour https://media.visualadvantage.ca/20-Highview-Pl
Listed by Royal LePage Royal City Realty