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$3,555,000
Available - For Sale
Listing ID: X8115652
$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.
Price $3,555,000
Taxes: $12,118
Tax Type: Annual
Assessment: $986000
Assessment Year: 2023
Occupancy by: Tenant
Address: 70-72 Waterloo Ave , Guelph, N1H 3H5, Ontario
Postal Code: N1H 3H5
Province/State: Ontario
Legal Description: PT LOT 390, PLAN 8 , AS IN RO769609 SAVE
Lot Size: 55 x 116 (Feet)
Directions/Cross Streets: Glasgow St S
Zoning: R1B
Category: Apartment
Use: Apts-2 To 5 Units
Building Percentage: Y
Total Area: 7,187
Total Area Code:  Sq Ft
Area Influences: Public Transit  
Financial Statement: Y
Chattels: Y
Franchise: N
Taxes Expense: $12118
Insurance Expense: $11920
 Management Expense: 8520
Maintenance: 8,520
 Hydro Expense:  $3700
Other Expenses: $7400
Gross Income/Sales: $216120
Operating Expenses: $47960
Net Income Before Debt: $168160
Year Expenses: 2024
Expenses Actual/Estimated: $Act
Sprinklers: N
# Trailer Parking Spots: 0
Outside Storage: N
Heat Type: Gas Forced Air Closd
Central Air Conditioning: Y
Elevator Lift: None
Water: Municipal
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
KELLER WILLIAMS INNOVATION REALTY

70-72 Waterloo Ave , Guelph, N1H 3H5, Ontario


 
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Type: Com - Investment
Area: Wellington
Municipality: Guelph
Neighbourhood: Central West
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Lot Size: 55.00 x 116.00(Feet)
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Tax: $12,118
Maintenance Fee: $8,520
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