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$1,499,000
Available - For Sale
Listing ID: X12055101
This prime property on College Avenue W. in Guelph measures 100ft x 150ft and offers a great opportunity for investors and homeowners. The 1640.17 sf bungalow includes a legal accessory apartment and is conveniently accessible to Hwy 6. Currently leased to students, visitors are requested to respect their privacy and study time. The property accommodates 6+ cars and generates significant rental income, aiding in mortgage costs and increasing equity. With ample space, there's potential for additional living areas. Zoning allows division into two 50' lots, as identified in plans and city comments available upon request. Fully serviced with municipal utilities, the lot severance meets all zoning and intensification requirements. Ideal for developers, builders, investors, and homeowners, this sought-after area is near schools, parks, and conveniences. The upper floor features a renovated kitchen, laundry room, 3 updated bedrooms, 2 bathrooms, and stunning views. The renovated basement offers upgraded windows, high ceilings, a spacious recreational area, and a 3-piece bath. Close to the University of Guelph, top-rated schools, shopping centers, and major highways, this property is perfect for future homeowners valuing comfort and convenience. It includes a legal self-contained unit and basement suite, generating strong rental income to assist with mortgage payments. The property is sold "As Is Where Is," with no representations or warranties from agents or the vendor.
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $36,750 $73,500 $110,250 $147,000
First Mortgage $698,250 $661,500 $624,750 $588,000
CMHC/GE $19,201.88 $13,230 $10,933.13 $0
Total Financing $717,451.88 $674,730 $635,683.13 $588,000
Monthly P&I $3,072.79 $2,889.82 $2,722.58 $2,518.36
Expenses $0 $0 $0 $0
Total Payment $3,072.79 $2,889.82 $2,722.58 $2,518.36
Income Required $115,229.65 $108,368.11 $102,096.81 $94,438.44

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP

486 College Aven West , Guelph, N1G 1T5, Wellington

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MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Detached
Area: Wellington
Municipality: Guelph
Neighbourhood: Dovercliffe Park/Old University
Style: Bungalow
Lot Size: x 150.00(Feet)
Approximate Age:
Tax: $7,033
Maintenance Fee: $0
Beds: 6
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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