38 Huron Street, Guelph, ON N1H 5Y2

7.5% CAP RATE! Located just minutes from downtown and steps away from public transit, schools, and parks, this property welcomes you to the vibrant community of Saint Patrick’s Ward. This distinctive front-and-back duplex offers complete separation between the two living spaces, including separate utility meters and laundry facilities. Whether you choose to live in one unit and rent the other, or add this gem to your investment portfolio, it practically manages itself! The front unit, recently rented for $2,580 + utilities, is the original home with 3 bedrooms (2 upstairs, 1 on the main floor), 1 full bath, and a spacious covered porch. High baseboards, elegant trim, and large windows are just some of the charming original features that set this property apart. The back unit, with its own private entry via the backyard, is a newer 2-bedroom, 1-bath apartment, offering scenic views of the expansive yard. Currently rented at $1,245 + utilities on a month-to-month basis, this unit provides an excellent rental income stream. This property has seen many important upgrades, including a new roof, windows, siding, kitchen, bathrooms, flooring, and one furnace (all updated in 2015), along with a 200-amp electrical system (2021), a new furnace (December 2023), and a new washer/dryer set (2024). Located in a neighborhood undergoing revitalization, this is your chance to invest before the next appreciation cycle begins! Bonus: Year-round, overnight street parking is available for you and your guests. (id:47423)