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70-72 Waterloo Avenue Guelph, Ontario N1H 3H5

20 Bedroom 8 Bathroom 7187 sqft
Central Air Conditioning Forced Air

$3,279,000

$216,720 Gross Income & $39,000 income growth expected 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:48675)

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

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Keller Williams Innovation Realty
640 Riverbend Dr.
Kitchener, Ontario N2K 3S2

Keller Williams Innovation Realty
640 Riverbend Dr.
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