Welcome to 240 Paisley Street, a charming 2.5-storey brick home offering income potential, character, and exceptional convenience - all just minutes from charming downtown Guelph. Situated on a large corner lot with ample parking and a fully fenced backyard, this legal 2-unit property is an incredible opportunity for investors or multi-generational families! Inside, you'll find 6 bedrooms, 3 bathrooms, 2 kitchens, and a finished basement with its own separate entrance. Original details give the home its timeless appeal, including deep baseboards, original hardwood floors, a classic wood-paneled staircase, and a decorative fireplace. The first unit spans the main and lower levels. The main floor features a spacious enclosed sunroom, a bright living area, a kitchen, two bedrooms (or a flexible layout that includes a main-floor sitting room that can be used as an additional bedroom), and a 4-piece bathroom. The finished basement adds one more bedroom plus a large living room that can also function as an additional bedroom, a bonus 3-piece bath, plus laundry and storage. The second unit, occupying the second and third levels, offers exceptional space. The second floor features a generous living room, kitchen with a dedicated dining area, a bedroom, and a 4-piece bath. The third level includes two additional bedrooms and storage. This floor plan is ideal for students, tenants, owner occupant or extended family. Outside, enjoy a large fenced yard, mature trees, and an oversized storage shed with room for bikes, tools, and seasonal items. All of this is in an unbeatable location at the corner of Paisley and Edinburgh: a 10-minute walk to downtown, 20-minute walk to the GO Station, 35-minute walk to the University, and steps from public transit, parks, and neighbourhood conveniences like a laundromat. A rare opportunity to own a character-filled home offering outstanding flexibility and long-term potential!
Address
240 Paisley Street
List Price
$999,999
MLS® Status
New
Expiration Date
2026-02-01
Property Type
Residential Freehold
Type of Dwelling
Duplex
Style of Home
2 1/2 Storey
Transaction Type
Sale
Area
Guelph
Sub-Area
Downtown
Region
Wellington
Bedrooms
5 + 1
Bedrooms (Total)
6
Rooms Above Grade
11
Rooms Below Grade
3
Bathrooms
3
Floor Area
1500-2000 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
63
Lot Size Units
Feet
Lot Width
70
Parcel Number
712890015
Occupant Type
Vacant
Cross Street
Edinburgh Road N / Paisley Street
MLS® Number
X12590302
Listing Brokerage
Royal LePage Royal City Realty
Basement Area
Finished, Walk-Up, Full
Postal Code
N1H 2P7
Posession Details
Flexible
Parking
Private Double
Parking Places (Total)
6
Parking Spaces
6
Tax Amount
$6,155.00
Tax Year
2025
Interior Features
Accessory Apartment
Central Vacuum
No
Family Room
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
One Point Association of REALTORS
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Other
Construction Materials
Brick, Aluminum Siding
Direction Faces
South
Fireplace
Yes
Foundation Details
Other
Garage
No
Garage Type
None
Kitchens Total
2
Kitchens Above Grade
2
Other Structures
Shed, Fence - Full, Storage
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT Lots 96 & 97, Plan 27 , AS IN RO763510 ; GUELPH
Security Features
Carbon Monoxide Detectors, Smoke Detector
Waterfront
No
Sewer
Sewer