Joe Ephraim put Dolgellau ahead early on, but the hosts hit back to earn a point with an equaliser from Ben Hall midway through the second half.
The league leaders are four points clear at the top of division one, with a game in hand, although the two sides meet again in Dolgellau this weekend.
Aberystwyth University Seconds shared the spoils in one of the games of the season at Bow Street Reserves, where the game ended in a 5-5 draw.
Owen Whitmore continued his incredible scoring run for the students by notching a hat-trick, to take his tally to 10 goals in the last three games.
Ynyr James added another two, claiming his second brace in four days, as the University took a point.
The Magpies trailed 3-0 after 15 minutes, but they got it back to 3-2 half time and then went ahead 5-4 ahead with just five minutes left - only to suffer an agonising penalty decision.
Street’s scorers were Pete James, Ryan Edwards, Tomos Wyn Roberts and Joe Williams, who netted a brace.
Aber University Seconds had registered a 5-0 win over bottom-placed Machynlleth Reserves in midweek.
Ynyr James smashed the ball into the roof of the net to open the scoring, and Liam Jones rose highest to head in a second from a Charlie Misell corner.
After half-time Shaun Roberts extended the lead, and James netted his a second, before an Owen Whitmore wonder strike completed the scoring.
Last Thursday, goals from Mark Evans, Dafydd Thomas, Jack Lawton and an own goal earned Llanilar a 4-1 win against Penrhyncoch Reserves, who replied through Josh Abbot.
On Saturday, Padarn United beat Machynlleth Reserves 2-0, with goals by Paul Griffiths and Ciaran Cotter.
In division two, Aberystwyth University Thirds romped to an 8-0 win at Aberdyfi Reserves, with Andy Whatty starring with a hat-trick. Michael Gardner added another two, with Josh Price, George Taylor, with an angled volley from 30 yards, and Matt Wilby also scoring for the students.
In the Second Division Trophy, Dolgellau Reserves breezed to a comfortable 6-0 win over Padarn Reserves, courtesy of two goals each from Tom Redgrift and Iwan Lloyd, and singles from Mike Worsell and Jasper Jones.
In midweek, Llanrhystud beat Aberystwyth University Thirds 3-2 with goals from Lee Jones, Lawrence Glaus and Phil Davies. Michael Gardner scored a brace for the students.
• TALYBONT will face Aberdyfi in the Cambrian Tyres League Cup Final after second half goals from Chris Wylde and Paul Keegan sealed a 2-0 win over Borth Reserves in midweek.
A Paul Griffiths goal was not quite enough for Padarn United as they lost 2-1 at home to Dyfi in their semi-final.