ATTN Renovators and Developers: Unlock the full potential of this unique property that is situated on an expansive 52 x 115 ft lot that has the potential to be severed into 2 lots. RL.1 zoning allows for single detached, semi, triplex, townhome, apartment building, etc. Potential to create 4-6 dwelling units (3 per lot & possibility of ADUs). The bungalow (3 bed, 1 bath) with large garage not only provides the potential of living or renting out today, but also offers a prime development opportunity for tomorrow. This is a rare find for developers, investors, or multi-generational families renovate and live in or rent out the existing home while planning your future build. Severance and development options make this a smart investment with long-term upside. Buyer to conduct their own due diligence with the City of Guelph regarding severance and development permissions. (id:52316)