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20 Highview Place Guelph (Exhibition Park), Ontario N1H 1M7

5 Bedroom 2 Bathroom 700 - 1100 sqft
Bungalow Central Air Conditioning Forced Air

$1,200,000

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:41954)

Property Details

MLS® Number X12465811
Property Type Single Family
Community Name Exhibition Park
Amenities Near By Hospital, Park, Public Transit, Schools
Equipment Type Water Heater
Features Irregular Lot Size, Carpet Free, In-law Suite
Parking Space Total 3
Rental Equipment Type Water Heater
Structure Porch

Building

Bathroom Total 2
Bedrooms Above Ground 3
Bedrooms Below Ground 2
Bedrooms Total 5
Appliances Water Softener, Dishwasher, Dryer, Stove, Washer, Refrigerator
Architectural Style Bungalow
Basement Features Apartment In Basement, Walk-up
Basement Type N/a
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Brick
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 1
Size Interior 700 - 1100 Sqft
Type House
Utility Water Municipal Water

Parking

No Garage

Land

Acreage No
Land Amenities Hospital, Park, Public Transit, Schools
Sewer Sanitary Sewer
Size Depth 64 Ft
Size Frontage 96 Ft ,1 In
Size Irregular 96.1 X 64 Ft
Size Total Text 96.1 X 64 Ft

https://www.realtor.ca/real-estate/28996657/20-highview-place-guelph-exhibition-park-exhibition-park

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