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$1,499,000
Available - For Sale
Listing ID: X12055152
This prime property on College Avenue W. in Guelph measures 100ft x 150ft and offers a great opportunity for investors and homeowners. The 3,279.01 sf bungalow includes a legal accessory basement apartment and is conveniently accessible to Hwy 6. Currently leased to students, visitors are requested to respect their privacy and study time. The property accommodates 6+ cars and generates significant rental income, aiding in mortgage costs and increasing equity. With ample space, there's potential for additional living areas. Zoning allows division into two 50' lots, as identified in plans and city comments. Fully serviced with municipal utilities, the lot severance meets all zoning and intensification requirements. Ideal for developers, builders, investors, and homeowners, this sought-after area is near schools, parks, and conveniences. The upper floor features a renovated kitchen, laundry room, 3 updated bedrooms, 2 bathrooms, and stunning views. The renovated basement offers upgraded windows, high ceilings, a spacious recreational area, and a 3-piece bath. Close to the University of Guelph, top-rated schools, shopping centers, and major highways, this property is perfect for future homeowners valuing comfort and convenience. It includes a legal self-contained unit and basement suite, generating strong rental income to assist with mortgage payments. The property is sold "As Is Where Is," with no representations or warranties from agents or the vendor.
Price $1,499,000
Taxes: $7,033
Tax Type: Annual
Occupancy by: Vacant
Address: 486 College Aven West , Guelph, N1G 1T5, Wellington
Postal Code: N1G 1T5
Province/State: Wellington
Legal Description: LOT 9, PLAN 475; GUELPH
Directions/Cross Streets: Devere Drive
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Category: Apartment
Use: Apts - 2 To 5 Units
Building Percentage: T
Total Area: 3,279.01
Total Area Code:  Square Feet
Maintenance: 0
Heat Type: Electric Forced Air
Central Air Conditioning: Yes
Sewers: Sanitary+Storm
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP

486 College Aven West , Guelph, N1G 1T5, Wellington


 
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Type: Com - Investment
Area: Wellington
Municipality: Guelph
Neighbourhood: Dovercliffe Park/Old University
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Lot Size: x 150.00(Feet)
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Tax: $7,033
Maintenance Fee: $0
Beds: 0
Baths: 3
Garage: 0
Fireplace: N
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