Size
20908 sqft
Lot size
1943.07 sqm
Street frontage
N
Possession
-
Price per sqm
$765
Taxes
$6,057.15 (2024)
Parking Type
Detached Garage
Style
Bungalow
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Description
Welcome to an exceptional investment opportunity in the heart of Guelph, Old University, nestled on one of the city's most desirable streets. This property’s prime location is close to downtown, shopping, dining and walking distance to the University, making it a good investment . For parents seeking secure and comfortable accommodation for their child’s post-secondary education, this property is the perfect choice. It not only provides a safe living environment but also is as a robust investment opportunity. Located along a development corridor, the property(89’x235’) aligns with official plan objectives for infill development. With minimal modifications, it has the potential to generate between $8,000 to $9,000 per month in revenue. Investors will find ample opportunities here to expand their portfolio. The large backyard is perfect for additional residential dwelling units (ARDUs), a duplex, triplex, or even a multi-unit building(refer to attachments for more details). The main floor of the house features spacious rooms with abundant natural light. Hardwood floors grace the bedrooms, and the living and dining areas, currently carpeted, conceal hardwood floors underneath. An updated full bathroom adds modern comfort to the classic charm of the home. The lower level offers a Legal 2 bedroom basement apartment(attached letter) and a separate recreation area. This configuration not only provides additional living space but also offers significant income potential. The property includes an owned hot water tank and water softener, central air humidifier, water filtration system and exterior sensor lights. The expansive driveway holds 6 vehicles and easy street access. The beautifully landscaped backyard is complete with a gazebo, swing set, and vegetable garden. It's a perfect space for children & pets to play and for hosting family and friends. Schedule your private showing and discover the remarkable potential this home has to offer. Open house over the weekend!
Broker: Coldwell Banker Neumann Real Estate Brokerage
MLS®#: 40605818
Property details
Parking:
8
Parking type:
Detached Garage
Property type:
Detached
Heating type:
Natural Ga
Style:
Bungalow
MLS Size:
127 sqm
Lot front:
27.13 M
Lot depth:
71.63 M
Listed on:
Jun 14, 2024
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Rooms
Level | Name | Size | Features |
---|---|---|---|
Flat | Kitchen | Unknown | |
Flat | Dining Room | Unknown | |
Flat | Family Room | Unknown | |
Flat | Bedroom | Unknown | |
Flat | Bedroom | Unknown | |
Flat | Bathroom | Unknown | |
Flat | Bathroom | Unknown | |
Flat | Utility Room | Unknown | |
Flat | Storage | Unknown | |
Flat | Kitchen | Unknown | |
Flat | Living Room | Unknown | |
Flat | Dining Room | Unknown | |
Flat | Bedroom Primary | Unknown | |
Flat | Bedroom | Unknown | |
Flat | Bedroom | Unknown | |
Flat | Bathroom | Unknown | |
Flat | Mud Room | Unknown | |
Flat | Foyer | Unknown | |
Flat | Other | Unknown |