519-570-4447

70-72 WATERLOO Avenue, Guelph, Ontario, N1H3H5

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For sale, ID#: 40549135
70-72 WATERLOO Avenue
Guelph Ontario
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20 Beds
8 Bath
$3,555,000

$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:2471)

Representatives
Ryan Moore
Ryan MooreSales Representative
Keller Williams Innovation Realty, Brokerage
Mila Kolovic
Mila KolovicSales Representative
Keller Williams Innovation Realty, Brokerage
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Property Details
  • Property Address: 70-72 WATERLOO Avenue, Guelph, Ontario, N1H3H5
  • Property Type: Multi-family
  • Zoning Description: R1B
  • Title: Freehold
  • Acreage: under 1/2 acre
  • Sewage Type: Municipal sewage system
  • Water Type: Municipal water
  • Access: Highway access
  • Total Parking Spaces: 7
  • Amenities Nearby: Hospital, Place of Worship, Playground, Public Transit, Schools, Shopping
Structure Details
  • Structure Style: Fourplex
  • Storeys: 2.5
  • Floor Space: 7187
  • Building Age: 1890
  • Bedrooms: 20
  • Bathrooms: 8-Total
  • Basement Type: Full (Finished)
  • Heating Type: Natural gas, Forced air
  • Cooling: Central air conditioning
  • Exterior Type: Brick, Concrete
  • Foundation Type: Poured Concrete
  • Appliances Included: Water softener
Amenities / Features
  • Crushed stone driveway
  • Laundry- Coin operated
  • Sump Pump
  • Community Centre
Neighbourhood Information

Listing Offices: KELLER WILLIAMS INNOVATION REALTY

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70-72 WATERLOO Avenue, Guelph, Ontario, N1H3H5

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