RARE INVESTMENT OPPORTUNITY in heart of Guelph! Fully restored heritage estate offers 5 beautiful self-contained rental units on 1-acre lot-prime opportunity for investors seeking strong cash flow, potential to expand & option to live in luxury while earning passive income. W/ability to generate gross rents over $15,000/mth, vacant poss available for setting market rents & possibility to add another 45 units at rear of property; city permitting for 4 & 5 units is pending & funding application for the 5-unit is within the CMHC guidelines, this property combines immediate returns W/future upside. Each unit blends historic character W/modern functionality. Unit 1: 3-bdrm, 2-bath perfect for owner seeking upscale living while living for free. GR W/crown moulding & bay window. Kitchen W/lots of cabinetry & centre island. Formal DR & sep FR provide space for entertaining. Primary suite W/skylights & wall of closets. Garden doors open to deck overlooking mature trees. Renovated 3pc ensuite W/glass shower & floating vanity. 2 add'l bdrms & 4pc bath. Unit connects to finished bsmt W/its own entrance, office W/exposed stone walls, wine cellar, full kitchen & flexible living space-ideal for 6th unit or expanded personal use. Unit 2: 2-bdrm & 2-bath, LR W/hardwood, fireplace & crown moulding. Formal DR with B/I display nook & kitchen W/sleek cabinetry, S/S appliances, access to washer/dryer & side entrance. Both bathrooms feature W/I glass showers. Units 3 & 4: 2-berm 1-bath blend charm W/modern updates. Unit 3: floor-to-ceiling windows, brick accent wall & 2-toned kitchen W/in-suite laundry. Unit 4: open-concept layout, white cabinetry & fireplace in primary bdrm. Both have 3pc bath with W/I glass showers. Unit 5: 1-bdrm 1-bath W/open-concept living & dining, kitchen with S/S appliances, bdrm & modern 3pc bath. Interlocking brick patios & stone paths lead to outdoor seating area & kitchen. Steps from vibrant downtown this property is walkable to shops, dining, transit & parks (id:37788)
MLS® Number | X12328667 |
Property Type | Multi-family |
Community Name | St. George's |
Amenities Near By | Hospital, Park, Public Transit, Schools |
Community Features | Community Centre |
Features | Irregular Lot Size |
Parking Space Total | 11 |
Bathroom Total | 7 |
Bedrooms Above Ground | 10 |
Bedrooms Total | 10 |
Age | 100+ Years |
Appliances | Water Softener, All, Furniture |
Basement Development | Finished |
Basement Features | Walk Out |
Basement Type | N/a (finished) |
Cooling Type | Wall Unit |
Exterior Finish | Brick, Stucco |
Fireplace Present | Yes |
Foundation Type | Poured Concrete |
Heating Type | Other |
Stories Total | 2 |
Size Interior | 5000 - 100000 Sqft |
Type | Other |
Utility Water | Municipal Water |
No Garage |
Acreage | No |
Land Amenities | Hospital, Park, Public Transit, Schools |
Sewer | Sanitary Sewer |
Size Depth | 250 Ft |
Size Frontage | 38 Ft ,3 In |
Size Irregular | 38.3 X 250 Ft |
Size Total Text | 38.3 X 250 Ft|1/2 - 1.99 Acres |
Zoning Description | R1b |
https://www.realtor.ca/real-estate/28698834/83-king-street-guelph-st-georges-st-georges
(519) 836-6365
(519) 836-7975
www.remaxcentre.ca/
(519) 836-6365
(519) 836-7975
www.remaxcentre.ca/
Contact us for more information