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220 Gordon Street Guelph, Ontario N1G 1X3

37 Bedroom 21 Bathroom 9382 sqft
Wall Unit

$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:58726)

Property Details

MLS® Number 40680936
Property Type Multi-family
AmenitiesNearBy Golf Nearby, Hospital, Park, Public Transit, Schools, Shopping
CommunityFeatures School Bus
EquipmentType Water Heater
Features Paved Driveway
ParkingSpaceTotal 24
RentalEquipmentType Water Heater
Structure Porch

Building

BathroomTotal 21
BedroomsTotal 37
Appliances Water Softener
BasementDevelopment Unfinished
BasementType Crawl Space (unfinished)
CoolingType Wall Unit
ExteriorFinish Stone
FoundationType Stone
HeatingFuel Natural Gas
StoriesTotal 3
SizeInterior 9382 Sqft
UtilityWater Municipal Water

Parking

Detached Garage

Land

AccessType Highway Access
Acreage No
LandAmenities Golf Nearby, Hospital, Park, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
SizeDepth 136 Ft
SizeFrontage 160 Ft
SizeTotalText 1/2 - 1.99 Acres
ZoningDescription R.1b

https://www.realtor.ca/real-estate/27682489/220-gordon-street-guelph

Ryan Moore
Salesperson


Keller Williams Innovation Realty
640 Riverbend Dr.
Kitchener, Ontario N2K 3S2

Mila Kolovic
Salesperson


Keller Williams Innovation Realty
640 Riverbend Drive, Unit B
Kitchener, Ontario N2K 3S2

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