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70-72 Waterloo Avenue Guelph, Ontario N1H 3H5

20 Bedroom 8 Bathroom 7187
Central Air Conditioning Forced Air

$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:43503)

Property Details

MLS® Number 40549135
Property Type Multi-family
Amenities Near By Hospital, Place Of Worship, Playground, Public Transit, Schools, Shopping
Community Features Community Centre
Equipment Type Other
Features Crushed Stone Driveway, Laundry- Coin Operated, Sump Pump
Parking Space Total 7
Rental Equipment Type Other

Building

Bathroom Total 8
Bedrooms Total 20
Appliances Water Softener
Basement Development Finished
Basement Type Full (finished)
Constructed Date 1890
Construction Material Concrete Block, Concrete Walls
Cooling Type Central Air Conditioning
Exterior Finish Brick, Concrete
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 3
Size Interior 7187
Type Fourplex
Utility Water Municipal Water

Land

Access Type Highway Access
Acreage No
Land Amenities Hospital, Place Of Worship, Playground, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Frontage 64 Ft
Size Total Text Under 1/2 Acre
Zoning Description R1b

https://www.realtor.ca/real-estate/26583966/70-72-waterloo-avenue-guelph

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