70-72 Waterloo Avenue Guelph, Ontario N1H 3H5
$3,279,000
$216,720 Gross Income & $39,000 income growth exptected 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:40227)
Property Details
| MLS® Number | 40593493 |
| Property Type | Multi-family |
| AmenitiesNearBy | Hospital, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| CommunityFeatures | Community Centre |
| EquipmentType | Other |
| Features | Crushed Stone Driveway, Laundry- Coin Operated, Sump Pump |
| ParkingSpaceTotal | 7 |
| RentalEquipmentType | Other |
Building
| BathroomTotal | 8 |
| BedroomsTotal | 20 |
| Appliances | Water Softener |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| ConstructedDate | 1890 |
| ConstructionMaterial | Concrete Block, Concrete Walls |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick, Concrete |
| FoundationType | Poured Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 3 |
| SizeInterior | 7187 Sqft |
| Type | Fourplex |
| UtilityWater | Municipal Water |
Land
| AccessType | Highway Access |
| Acreage | No |
| LandAmenities | Hospital, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| SizeFrontage | 64 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | R1b |
https://www.realtor.ca/real-estate/26928074/70-72-waterloo-avenue-guelph
Interested?
Contact us for more information
640 Riverbend Dr.
Kitchener, Ontario N2K 3S2
640 Riverbend Dr.
Kitchener, Ontario N2K 3S2
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
May 29 2024 04:28:27
Kitchener-Waterloo Association of REALTORS®
Keller Williams Innovation Realty