Homes for sale - 220 Gordon Street, Guelph, ON N1G 1X3

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Elizabeth Pullman

[email protected] +1(905) 329-0460

Listed by Ryan Moore • KELLER WILLIAMS INNOVATION REALTY

$ 7,599,000

Est. payment -/mo

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220 Gordon Street Guelph, ON N1G 1X3

37 Beds

21 Baths

9,382 SqFt

UPDATED:

11/27/2024 04:30 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 $809

MLS Listing ID 40680936

Bedrooms 37

Abv Grd Liv Area 9,382

Originating Board Waterloo Region

Annual Tax Amount $34,091

Property Description

****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.

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

Parking Features Detached Garage, Asphalt

Garage Spaces 3.0

Roof Type Shingle

Porch Deck, Patio, Porch

Lot Frontage 160.0

Lot Depth 136.12

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

Elizabeth Pullman

Advisor | License ID: 4780123

+1(905) 329-0460

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