$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 rooms and 8 bathrooms. With written leases in place, the property not only generates incrediable 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. 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.
Extras
Projected Proforma for May 1st, 2024 ( 72A new lease May 1, 2024, 70A, 70B & 72B 2.5% rent increase will be given for May 1, 2024). Rental increases will be given early February 2024. 2 Washers 2 Dryers coin op on a Lease, $160 per month.
PT LOT 390, PLAN 8 , AS IN RO769609 SAVE AND EXCEPT T/W THEREIN ; GUELPH
Occupancy
Tenant
Taxes (2023)
$12,118
Tax Type
Annual
Maintenance Fees
$8,520
Assessment (2023)
$986,000
Directions/Cross Streets
Glasgow St S
Neighbourhood
Central West
Area
Wellington
Price History
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Freestanding
Y
Lot
55 x 116 ft
Total Area
7,187 ft2
Elevator
None
Air Conditioning
Y
Basement
Y
Chattels
Y
Garage Type
Outside/Surface
Parking Spaces
7
Heat Type
Gas Forced Air Closd
Financial Statement
Y
Gross Income/Sales
$216,120
Net Income Before Debt
$168,160
Hydro Expense
$3,700
Insurance Expense
$11,920
Management Expense
$8,520
Operating Expenses
$47,960
Taxes Expense
$12,118
Other Expenses
$7,400
Year Expenses
$2,024
Expenses Actual/Estimated
Act
Outside Storage
N
Area Influences
Public Transit
Sprinklers
N
Utilities
Y
Water
Municipal
Survey
N
Lot/Bldg/Unit Code
Lot
Zoning
R1B
Seller Property Info Statement
N
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