70 WATERLOO Avenue, Guelph, Ontario N1H3H5

  • $3,279,000
70 WATERLOO Avenue, Guelph, Ontario N1H3H5
For Sale
70 WATERLOO Avenue, Guelph, Ontario N1H3H5
  • $3,279,000

Overview

Property ID: 2942272
  • Multi-family
  • Property Type
  • 20
  • Bedrooms
  • 8
  • Bathrooms
  • 7
  • Garages
  • 7187.0
  • 1890
  • Year Built

Description

$216,720 Gross Income & $39,000 income growth expected on tenant turnover! 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 with tenant turnover ! Don’t miss out on this unique opportunity. (id:56724)

Details

Updated on June 24, 2024 at 4:35 pm
  • Property ID: 2942272
  • Price: $3,279,000
  • Property Size: 7187.0
  • Bedrooms: 20
  • Bathrooms: 8
  • Garages: 7
  • Year Built: 1890
  • Property Type: Multi-family
  • Property Status: For Sale
  • MLS#: 40593493
  • MLS Status: Active

Additional details

  • Sewer: Municipal sewage system
  • Cooling: Central air conditioning
  • Heating: Forced air,Natural gas
  • Stories: 2.5
  • Basement: Finished,Full
  • Appliances: Water softener
  • Directions: GPS
  • Lot Features: Crushed stone driveway,Laundry- Coin operated,Sump Pump
  • Water Source: Municipal water
  • Parking Total: 7
  • Structure Type: Fourplex
  • Common Interest: Freehold
  • Tax Annual Amount: 12118
  • Community Features: Community Centre
  • Foundation Details: Poured Concrete
  • Zoning Description: R1B
  • Number Of Units Total: 4
  • Construction Materials: Concrete block,Concrete Walls
  • Above Grade Finished Area: 5060
  • Address 70-72 WATERLOO Avenue
  • City Guelph
  • Province Ontario
  • Postal Code N1H3H5
  • Area 1 - Downtown
  • Country Canada

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