Attention Developers and Investors! Welcome to 150 Alma St N, a unique double-lot property offering endless possibilities in the heart of Guelph. Situated on a corner, this lot boasts exposure to not one, but three streets, making it ideal for development. Severance plans are ready to be submitted, giving you the option to build an additional multi-residential building while maintaining the existing charming home. This 1300 sqft home is a gem in itself, offering 3 bedrooms, 1 full bathroom, an upgraded kitchen and bathroom, hardwood & vinyl floors throughout for carpet-free living, and an attached single-car garage. The main floor features a versatile bedroom that can be used as a home office or hobby room. The basement provides ample storage space or potential to create an accessory apartment with direct access from the garage, offering excellent income potential. For the end user, the double lot provides a fantastic opportunity to craft a dream backyard oasis. Ample parking, loads of character, and it's prime location make this home an unbeatable option. Located just minutes from downtown Guelph, enjoy easy access to local shops, restaurants, and entertainment. The property is close to Willow Rd Public School, Paisley Rd Public School, St. Joe’s Catholic School, and GCVI High School, all within walking distance, making it perfect for families. Commuters will appreciate the proximity to the Hanlon Expressway, offering a quick route to the 401. Whether you're an investor looking for development potential or a buyer seeking a home with character and future opportunities, this property has it all! Don’t miss out on this rare opportunity!