220 Gordon Street Guelph, ON N1G 1X3
37 Beds
21 Baths
9,382 SqFt
UPDATED:
09/26/2024 04:16 PM
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,382 sqft
Price per Sqft $826
MLS Listing ID 40626289
Bedrooms 37
Abv Grd Liv Area 9,382
Originating Board Waterloo Region
Annual Tax Amount $34,091
Property Description
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.
Location
Province ON
County Wellington
Area City Of Guelph
Zoning R.1B
Direction GPS
Rooms
Basement Separate Entrance, Crawl Space, Unfinished
Kitchen 0
Interior
Interior Features Separate Hydro Meters
Heating Natural Gas, Radiator
Cooling Wall Unit(s)
Fireplace No
Appliance Water Softener, Hot Water Tank Owned, Refrigerator, Stove
Laundry None
Exterior
Exterior Feature Balcony, Landscaped, Lighting, Separate Hydro Meters
Garage Detached Garage, Asphalt
Garage Spaces 3.0
Waterfront No
Roof Type Shingle
Porch Deck, Patio, Porch
Lot Frontage 160.0
Lot Depth 136.12
Parking Type Detached Garage, Asphalt
Garage Yes
Building
Lot Description Rectangular, Dog Park, City Lot, Near Golf Course, Highway Access, Hospital, Library, Park, Public Transit, Regional Mall, School Bus Route, Schools, Shopping Nearby, Trails
Faces GPS
Story 3
Foundation Stone
Sewer Sewer (Municipal)
Water Municipal
Structure Type Stone
New Construction No
Others
Senior Community No
Tax ID 712370029
Ownership Freehold/None