70-72 Waterloo Avenue
1 - Downtown Guelph N1H 3H5

$3,555,000
Residential Income beds: 20 baths: 8.0 built: 1890

Main Photo: 70-72 Waterloo Avenue in Guelph: 1 - Downtown Multi-4 Unit for sale (City of Guelph)  : MLS®# 40549135
Photo 1: 70-72 Waterloo Avenue in Guelph: 1 - Downtown Multi-4 Unit for sale (City of Guelph)  : MLS®# 40549135
Photo 2: 70-72 Waterloo Avenue in Guelph: 1 - Downtown Multi-4 Unit for sale (City of Guelph)  : MLS®# 40549135
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Status:
Active
Prop. Type:
Residential Income
MLS® Num:
40549135
Bedrooms:
20
Bathrooms:
8
Year Built:
1890
$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.
Property Type:
Residential Income
Property SubType:
Multi-4 Unit
Year built:
1890 (Age: 134)
Listing General Location:
1 - Downtown, City of Guelph
Bedrooms:
20
Bathrooms:
8.0 (Full:-/Half:-)
Lot Frontage:
63'9"
Lot Shape:
63.78 ft x 130.39 ft x 60.45 ft x 121.03 ft
Kitchens:
0
County Or Parish:
Wellington
Features:
Attached Garage: No, Crops Included: No, Garage: No, Inspection ESA: Yes, New Construction: No
Construction:
Block
Basement:
Separate Entrance, Full, Finished, Sump Pump
Foundation:
Poured Concrete
Roof:
Asphalt Shing
Year Roof Replaced:
2017
Number of Storeys:
2
Number of Buildings:
0
Total Floor Area:
7,187 sq. ft.
Finished Area Above Grade:
5,060 sq. ft.
Finished Area Below Grade:
2,127 sq. ft.
Fireplace:
false
Laundry Features:
Coin Operated
Water Supply:
Municipal
Sewer:
Sewer (Municipal)
Cooling:
Central Air
Heating:
Forced Air, Natural Gas
Age Furnace:
4 x 2020
Other,Fridge X 4, Stove X 4, Water Softener X 2, Hot Water Heater X 2, 4 X Ecobees
Water Softener, Refrigerator, Stove
Tenants Belongings 2 Washer & 2 Dryers Under Lease
Separate Hydro Meters
Privacy, Private Entrance, Separate Hydro Meters
Patio, Enclosed
false
No
GPS
No
Carbon Monoxide Detector(s)
HST Applicable To Sale Price:
Included
Features:
Attached Garage: No, Crops Included: No, Garage: No, Inspection ESA: Yes, New Construction: No
Insurance Expense:
$11,920
Expenses:
Actual
Utilities Expense:
3700
Laundry Income:
$1,920
Net Income:
$168,160
Other Income:
$1,800
Leases:
Yes
Zoning:
R1B
Accessibility:
Multiple Entrances
Lot Site Features:
Dog Park, City Lot, Highway Access, Hospital, Place of Worship, Playground Nearby, Public Transit, Rec./Community Centre, Regional Mall, Schools, Shopping Nearby, Trails
Features:
Attached Garage: No, Crops Included: No, Garage: No, Inspection ESA: Yes, New Construction: No
Parking:
Gravel
# Of Total Parking Spaces:
7.0
# Of Open Parking Spaces:
7.0
Driveway Parking:
Private Drive Single Wide
Num Apartment Units:
0
Num Bachelor Units:
0
Num Efficiency Units:
0
Num Loft Units:
0
Num Other Units:
0
Num Penthouse Units:
0
Num Studio Units:
0
Listed Date:
Mar 04, 2024
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Listed by KELLER WILLIAMS INNOVATION REALTY
Data was last updated April 21, 2024 at 07:50 PM (UTC)