220 Gordon Street Guelph, Ontario N1G 1X3
$7,750,000
****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. (id:50886)
Property Details
| MLS® Number | 40626289 |
| Property Type | Multi-family |
| AmenitiesNearBy | Golf Nearby, Hospital, Park, Public Transit, Schools, Shopping |
| CommunityFeatures | School Bus |
| EquipmentType | Water Heater |
| Features | Paved Driveway |
| ParkingSpaceTotal | 24 |
| RentalEquipmentType | Water Heater |
| Structure | Porch |
Building
| BathroomTotal | 21 |
| BedroomsTotal | 37 |
| Appliances | Water Softener |
| BasementDevelopment | Unfinished |
| BasementType | Crawl Space (unfinished) |
| CoolingType | Wall Unit |
| ExteriorFinish | Stone |
| FoundationType | Stone |
| HeatingFuel | Natural Gas |
| StoriesTotal | 3 |
| SizeInterior | 9382 Sqft |
| UtilityWater | Municipal Water |
Parking
| Detached Garage |
Land
| AccessType | Highway Access |
| Acreage | No |
| LandAmenities | Golf Nearby, Hospital, Park, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| SizeDepth | 136 Ft |
| SizeFrontage | 160 Ft |
| SizeTotalText | 1/2 - 1.99 Acres |
| ZoningDescription | R.1b |
https://www.realtor.ca/real-estate/27272234/220-gordon-street-guelph
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Ryan Moore
Salesperson
640 Riverbend Dr.
Kitchener, Ontario N2K 3S2
Mila Kolovic
Salesperson
640 Riverbend Drive, Unit B
Kitchener, Ontario N2K 3S2
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August 09 2024 03:40:58
Kitchener-Waterloo Association of REALTORS®
Keller Williams Innovation Realty