Property Details

220 GORDON Street, Guelph, Ontario, N1G1X3

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For sale, ID#: 40680936
220 GORDON Street
Guelph Ontario
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37 Beds
21 Bath
$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:2471)

Representative for 220 GORDON Street, Guelph, Ontario, N1G1X3
REALTOR®,
Andrea
519-570-4447
Virtual Tour
Property Details
  • Property Address: 220 GORDON Street, Guelph, Ontario, N1G1X3
  • Property Type: Multi-family
  • Zoning Description: R.1B
  • Title: Freehold
  • Acreage: 1/2 - 1.99 acres
  • Sewage Type: Municipal sewage system
  • Water Type: Municipal water
  • Access: Highway access
  • Driveway: Detached Garage
  • Total Parking Spaces: 24
  • Amenities Nearby: Golf Nearby, Hospital, Park, Public Transit, Schools, Shopping
Structure Details
  • Storeys: 3
  • Floor Space: 9382 sqft
  • Bedrooms: 37
  • Bathrooms: 21-Total
  • Basement Type: Crawl space (Unfinished)
  • Heating Type: Natural gas
  • Cooling: Wall unit
  • Exterior Type: Stone
  • Foundation Type: Stone
  • Appliances Included: Water softener
  • Structures: Porch
Amenities / Features
  • Paved driveway
  • School Bus
Neighbourhood Information

Listing Offices: KELLER WILLIAMS INNOVATION REALTY

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