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MLS®: X12328667 |
Status: For sale
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Location:
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83 KING STREET, Guelph (St. George's) Ontario, N1E4P5
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Description: |
RARE INVESTMENT OPPORTUNITY in heart of Guelph! Fully restored heritage estate offers 5 self-contained rental units on 1-acre lot making it a prime opportunity for investors seeking strong cash flow, potential to expand & option to live in luxury while earning income. W/ability to generate gross rents over $15,000/mth, vacant poss avail for setting market rents, W/strong potential to add 45 units at rear of property. 3D survey & prelim architectural plans have been completed & reviewed at City Hall W/positive feedback. Current application submitted for 5 units (in line W/CMHC priorities) though could be adapted to 4 if desired. This groundwork provides buyers W/confidence in immediate returns & future upside. Each unit blends historic character W/modern functionality. Unit 1: 3-bdrm, 2-bath perfect for owner seeking upscale living while living for free. GR W/crown moulding & bay window. Kitchen W/lots of cabinetry & centre island. Formal DR & sep FR for entertaining. Primary bdrm W/skylights & wall of closets. Garden doors open to deck. Renovated 3pc ensuite W/glass shower & floating vanity. 2 add'l bdrms & 4pc bath. Unit connects to fin bsmt W/its own entrance, office W/exposed stone walls, wine cellar, full kitchen & flex living space-ideal for 6th unit or expanded personal use. Unit 2: 2-bdrm & 2-bath, LR W/fireplace & crown moulding. DR with B/I display nook & kitchen W/sleek cabinetry, S/S appliances, access to washer/dryer & side ent. Both bathrooms have W/I glass showers. Units 3 & 4: 2-bdrm 1-bath has charm W/modern updates. Unit 3: floor-to-ceiling windows, brick accent wall & 2-toned kitchen W/in-suite laundry. Unit 4: open-concept layout & fireplace in primary bdrm. Both have 3pc bath with W/I glass showers. Unit 5: 1-bdrm 1-bath W/open-concept living & dining, kitchen with S/S appliances, bdrm & modern 3pc bath. Interlocking brick patios & stone paths lead to outdoor seating area & kitchen. Steps from downtown & walkable to shops, dining, transit & parks (id:2471) |
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Property: |
| Type: Multi-family |
| Lot Dimensions: 38.3 x 250 FT | Acreage: 38.3 x 250 FT|1/2 - 1.99 acres |
| Sewer: Sanitary sewer | Water: Municipal water |
| Parking Type: No Garage |
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Structure: |
| Style: Other | Square Footage: 5000 - 100000 sqft |
| Bedrooms: 10 | Bathrooms: 7 |
| Heating: Other |
| Cooling Type: Wall unit |
| Exterior: Brick, Stucco |
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Foundation Type: Stone |
| Fireplace: Yes |
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Features:
 | Irregular lot size |
| Community Centre |
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Royal LePage - Lakes of Haliburton, Brokerage
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Listing Offices: RE/MAX Real Estate Centre Inc, Royal LePage Royal City Realty
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**Broker *Sales Representative
