$3,555,000 $19,084 est/mo Sourced by Back At You

70-72 Waterloo Avenue,Guelph, ON N1H 3H5

Guelph ON, N1H 3H5

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Description

$216,120 Gross Income! Welcome to an extraordinary investment opportunity in the heart of Guelph! This income property guarantees unmatched returns and boasts a rare 4-plex featuring a total of 20 bedrooms and 8 bathrooms. With written leases in place, the property not only generates incredible income but also presents further upside potential through tenant turnover and valuation. Situated in close proximity to Guelph's vibrant downtown, transit options, and the prestigious University of Guelph, this property is a prime choice for students seeking spacious and comfortable living accommodations. The location offers easy access to amenities, making it an ideal spot for tenants. The property's charm is complemented by its recent renovations in 2020 - including expansive kitchens, updated electrical systems, lighting, new furnaces, painting, flooring, interior doors, insulation in basement, landscaping and walkways. Enjoy modern comforts with the addition of central air units, while the 2021 upgrades to exterior doors and windows enhance energy efficiency and security. Each unit offers generously sized rooms, providing tenants with ample living space. Separate Hydro & Gas meters for all 4 units. The communal barbeque area and parking facilities further enhance the appeal of this investment property. With a waiting list of eager tenants, the demand for this property is undeniable. This property will provide unbeatable returns for many years to come. Ask us today for the full proforma and see for yourself the valuation potential ! Don't miss out on this unique opportunity.

Details

MLS#40549135
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1890
Days On Site78
Listing Provided ByKELLER WILLIAMS INNOVATION REALTY | Ryan Moore

Features

Bed(s)20
Bath(s)8
SQ Feet5,060
BasementY
Story(s)2
Units4
ZoningR1B
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 1 minute ago
ProvinceON
CountyWellington
CityGuelph
Postal CodeN1H 3H5
AreaCity of Guelph
Subarea1 Downtown
Community Name1 Downtown
Listing VS Median (in 1 Downtown)
Price:
$3,555,000
low | high
Med:
$664,950
100% of Average
SqFt:
5,060
low | high
Med:
1,309
100% of Average
$ / SqFt:
$703
low | high
Med:
$536
73.726797198851% of Average
On Site:
78
low | high
Med:
25.000000
100% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 10:16:23 AM PDT