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

The assembled parcels at 261 and 267 Bristol Street total 0.623 acres and present a prime low-rise townhouse development opportunity just southwest of Downtown Guelph. Upon down-zoning the property, developers can move directly into townhouse construction, with the project designed to accommodate the existing trunk sewer easement on-site. Conceptual plans support a low-rise development of a mix of traditional and stacked townhouses or strictly stacked townhouses totaling approximately 22 to 29 units. This property offers a fantastic opportunity for developers to transform an underutilized site into a vibrant townhouse community, conveniently located near the Hanlon Expressway, public transit, and established pedestrian and cycling networks. With an asking price of $1,885,000, based on the proposed 29-unit stacked townhouses, this equates to approximately $65,000 per unit.