220 GORDON Street Guelph
  • 220 GORDON Street Guelph
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220 GORDON Street, Guelph, Ontario

$7,599,000

  • 37 Beds
  • 21 Baths
  • 9,382 Square Feet

****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. Calling all Multi-Family investors please contact us today to find out details about the 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:23309)

  • Listing ID: 40680936
  • Property Type: Multi-family

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Details

  • Amenities Nearby: Golf Nearby, Hospital, Park, Public Transit, Schools, Shopping
  • Community Features: School Bus
  • Equipment: Water Heater
  • Features: Paved driveway
  • Ownership: Freehold
  • Parking Spaces: 24
  • Rental Equipment: Water Heater
  • Structure: Porch
  • Transaction: For sale
  • Zoning Description: R.1B

Building

  • Appliances: Water softener
  • BasementType: Crawl space (Unfinished)
  • Basement Development: Unfinished
  • Cooling: Wall unit
  • Exterior Finish: Stone
  • Fireplace Present: False
  • Foundation: Stone
  • Bathrooms (Total): 21
  • Heating Fuel: Natural gas
  • Size Interior: 9382 sqft
  • Stories Total: 3
  • Utility Water: Municipal water

Land

  • Access Type: Highway access
  • Amenities: Golf Nearby, Hospital, Park, Public Transit, Schools, Shopping
  • Sewer: Municipal sewage system
  • Size Frontage: 160 ft

This property for sale is located at 220 GORDON Street in Guelph. It was last modified on November 25th 2024. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Guelph properties for sale.

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