220 Gordon Street Home For Sale Guelph, Ontario N1G 1X3
40680936
Instantly Display All Photos
Complete this form to instantly display all photos and information. View as many properties as you wish.
$7,599,000
****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. 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:34792)
Property Details
| MLS® Number | 40680936 |
| Property Type | Multi-family |
| Amenities Near By | Golf Nearby, Hospital, Park, Public Transit, Schools, Shopping |
| Community Features | School Bus |
| Equipment Type | Water Heater |
| Features | Paved Driveway |
| Parking Space Total | 24 |
| Rental Equipment Type | Water Heater |
| Structure | Porch |
Building
| Bathroom Total | 21 |
| Bedrooms Total | 37 |
| Appliances | Water Softener |
| Basement Development | Unfinished |
| Basement Type | Crawl Space (unfinished) |
| Cooling Type | Wall Unit |
| Exterior Finish | Stone |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Stories Total | 3 |
| Size Interior | 9382 Sqft |
| Utility Water | Municipal Water |
Parking
| Detached Garage |
Land
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Golf Nearby, Hospital, Park, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 136 Ft |
| Size Frontage | 160 Ft |
| Size Total Text | 1/2 - 1.99 Acres |
| Zoning Description | R.1b |
https://www.realtor.ca/real-estate/27682489/220-gordon-street-guelph
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
November 27 2024 04:36:41
Kitchener-Waterloo Association of REALTORS®
Keller Williams Innovation Realty
