- Ontario
- Guelph
70-72 Waterloo Ave
CAD$3,555,000 Sale
70-72 Waterloo AveGuelph, Ontario, N1H3H5
2087| 7187 sqft
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ID40549135
StatusCurrent Listing
Ownership TypeFreehold
TypeResidential House,Fourplex
RoomsBed:20,Bath:8
Square Footage7187 sqft
Land Sizeunder 1/2 acre
AgeConstructed Date: 1890
Listing Courtesy ofKELLER WILLIAMS INNOVATION REALTY
Detail
Building
Bathroom Total8
Bedrooms Total20
AppliancesWater softener
Basement DevelopmentFinished
Construction MaterialConcrete block,Concrete Walls
Cooling TypeCentral air conditioning
Exterior FinishBrick,Concrete
Fireplace PresentFalse
Foundation TypePoured Concrete
Heating FuelNatural gas
Heating TypeForced air
Size Interior7187.0000
Stories Total2.5
Utility WaterMunicipal water
Basement
Basement TypeFull (Finished)
Land
Size Total Textunder 1/2 acre
Access TypeHighway access
Acreagefalse
AmenitiesHospital,Place of Worship,Playground,Public Transit,Schools,Shopping
SewerMunicipal sewage system
Surrounding
Community FeaturesCommunity Centre
Ammenities Near ByHospital,Place of Worship,Playground,Public Transit,Schools,Shopping
Other
Equipment TypeOther
Rental Equipment TypeOther
FeaturesCrushed stone driveway,Laundry- Coin operated,Sump Pump
BasementFinished,Full (Finished)
FireplaceFalse
HeatingForced air
Remarks
$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. (id:22211)
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Location
Province:
Ontario
City:
Guelph
Community:
Downtown