$7,750,000
 $41,604 est/mo Sourced by Back At You

220 Gordon Street , Guelph, ON N1G 1X3

Guelph, ON N1G 1X3

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Description

****Prime Multi-Family Property with a Historic Charm in Guelph in the old university area with Attractive low-cost 10-year assumable mortgage of $5.1 million****. This exceptional Multi-Family property portfolio embodies the best of all worlds with a blend of history and modern conveniences, these properties at 220 Gordon Street, 9 James Street, and 11 James Street East are sold under one title, offering a total of 21 units! Including 8 two-bedroom, 8 one-bedroom, 4 three-bedroom, and 1 studio apartment. Ample parking with 21 outdoor spaces and 3 garages there will never be a shortage of parking. Imagine living just a short stroll from the university of Guelph, a vibrant downtown area with a diverse selection of restaurants, and the picturesque Royal City Park. Tenants love these properties for exactly that, a 10-minute walk takes you to the university while Guelph transit is at your doorstep making it a prime spot for students , faculty & professionals alike. Historically, these properties have never had an issue leasing with their prime location driving strong rental demand. Thirteen units have recently undergone stylish renovations. Currently the properties have gross annual income of $426,477 with significant upside available upon tenant turnover. With available assumable mortgage these properties promise strong sustainable income with significant exposure to continued market value growth in the desirable Guelph market. Calling all Multi-Family investors please contact us today to find out details about the very low rate 10 year assumable mortgage & Proforma to see first hand the potential of this investment. This unique offering provides unmatched returns and growth for generations to come.

Details

MLS#40626289
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Days On Site94
Listing Provided ByKELLER WILLIAMS INNOVATION REALTY | Ryan Moore

Features

Bed(s)37
Bath(s)21
SQ Feet9,382
Garage3
BasementY
Story(s)3
Units21
ZoningR.1B
Golf CourseYes
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Learn More About This Property

ProvinceON
CountyWellington
CityGuelph
Postal CodeN1G 1X3
AreaCity of Guelph
Subarea6 Dovercliffe Park | Old University
Community Name6 Dovercliffe Park/Old University
Listing VS Median (in 6 Dovercliffe Park/Old University)
Price:
$7,750,000
low | high
Med:
$699,900
100% of Average
SqFt:
9,382
low | high
Med:
966
100% of Average
$ / SqFt:
$826
low | high
Med:
$725
62.289296734121% of Average
On Site:
94
low | high
Med:
17.000000
100% of Average
Sourced by Back At You
Listing Updated: August 26, 2024 at 10:42:59 AM PDT
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