The assembled parcels at 261-267 Bristol Street comprise approximately 0.623 acres and present a compelling opportunity to acquire a well-located, income-producing asset with meaningful medium-term redevelopment potential. The property is currently improved with a rental bungalow and a two-storey duplex, providing stable in-place income with the ability to enhance returns through leasing at market rents. In the near term, investors can benefit from cash flow and operational upside, while holding a strategically located site in a growing area of Guelph. Over the medium term, the anticipated relocation of the existing trunk sewer easement is expected to unlock the property's full development potential, significantly enhancing its value and redevelopment viability. This offering represents a rare opportunity to secure current income with built-in upside, combining near-term cash flow with a clear path to future intensification in a well-connected location just minutes from downtown Guelph and Highway 6. **INTERBOARD LISTING: CORNERSTONE ASSOCIATION OF REALTORS**