10 ONTARIO STREET, Guelph, Ontario
$850,000
- 7 Beds
- 3 Baths
- 1,750 Square Feet
Welcome to 10 Ontario Street! This property holds immense current and future value! Let's start with its current value. This is a legal 2-unit, 7-bedroom duplex offering $6195 per month in rental income, or $74,340 annually. The main floor and basement are one unit with 5 bedrooms, and the second level is a separate, self-contained 2-bedroom unit completely detached from the lower unit and accessed via the rear deck and staircase. The lower and upper units rent for $3995 and $2200 per month, respectively. With owner's expenses last year at approximately $16,379 (gas $1802, hydro/water $4134, internet $959, insurance $2873, taxes $6611), leaving $57,961 after owner expenses, there is ample room left to cover mortgage expense and management costs. But that's not all! This property also has a city-approved, conditional severance in place and is at the stage where a new buyer could take over, fulfill the conditions of severance, and have two fully separated lots, allowing for a sale of the second lot to recapture some capital, or to retain the lot and build another multiplex. With stabilized revenue in place, this investment can carry itself while a new owner completes the lot severance and sale or plans their new build. Either way, this is an exceptional opportunity for the savvy investor. Get in touch with your realtor and book your private showing today! (id:23309)
- Listing ID: X13727156
- Property Type: Multi-family
Schedule a Tour
Talk to a Home Lifestyle Matchmaker
Use our neighbourhood guide to score the perfect match between your lifestyle and home. When ready to buy, we will put you in touch with a REALTOR® who specializes in Guelph.
This property for sale is located at 10 ONTARIO STREET in Guelph. It was last modified on August 31st 2026. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Guelph properties for sale.
Listing provided by Bosley Real Estate Ltd.
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.
This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association.
Helping You Unlock Your Future
Discover Guelph and make our community your next home. To learn more about purchasing real estate in Guelph let us put you in touch with a REALTOR® that specializes in Guelph.
Get the Latest Guelph Market Update
Are you curious about the Guelph real estate market? Dive into our community market reports, where you’ll find in-depth analysis of current property values and a look at emerging opportunities that could significantly impact your buying or selling decisions. These reports are designed to equip you with the knowledge you need to navigate the Guelph market with confidence and make informed choices.
Request More Information
Want more information or schedule a showing? Let us put you in touch with one of our agents who specializes in Guelph.
