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$3,299,900
Available - For Sale
Listing ID: X12328667
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 4-5 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
Price $3,299,900
Taxes: $15,570.38
Assessment Year: 2025
Occupancy by: Owner
Address: 83 King Street , Guelph, N1E 4P5, Wellington
Acreage: .50-1.99
Directions/Cross Streets: Eramosa Rd
Rooms: 0
Bedrooms: 10
Bedrooms +: 0
Washrooms: 7
Family Room: F
Basement: Finished
Walk-Out
No. of Pieces Level
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Washroom 17 0
Washroom 18 0
Washroom 19 0
Washroom 20 0
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Washroom 23 0
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Washroom 40 0
Washroom 41 0
Washroom 42 0
Washroom 43 0
Washroom 44 0
Washroom 45 0
Property Type: Multiplex
Style: 2-Storey
Exterior: Brick
Stucco (Plaster)
Garage Type: None
(Parking/)Drive: Private
Drive Parking Spaces: 11
Park #1
Parking Type: Private
Park #2
Parking Type: Private
Pool: None
Approximatly Age: 100+
Approximatly Square Footage: 5000 +
Property Features: Hospital
Library
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: Y
Heat Type: Other
Central Air Conditioning: Wall Unit(s
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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RE/MAX Real Estate Centre Inc

83 King Street , Guelph, N1E 4P5, Wellington

Personal Picture
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 - Multiplex
Area: Wellington
Municipality: Guelph
Neighbourhood: St. George's
Style: 2-Storey
Lot Size: x 250.00(Feet)
Approximate Age: 100+
Tax: $15,570.38
Maintenance Fee: $0
Beds: 10
Baths: 7
Garage: 0
Fireplace: Y
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
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Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229


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

 

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