220 Gordon Street Guelph, ON N1G 1X3
Listing Courtesy of:  CREA / Keller Williams Innovation Realty

  220 Gordon Street Guelph, ON N1G 1X3

Active (18 Days)
$7,599,000
37
BED
21
BATH
9,382
SQFT

Description

****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. 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:41440)

MLS®:
40680936
Type
Multifamily
County
Wellington County

Listed By

Ryan Moore, Keller Williams Innovation Realty
Source
CREA
Last checked Dec 14 2024 at 4:14 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 21
Interior Features
  • Water Softener
Subdivision
  • 6 - Dovercliffe Park/Old University
Lot Information
  • Paved Driveway
Property Features
  • Foundation: Stone
Heating and Cooling
  • Natural Gas
  • Wall Unit
Basement Information
  • Crawl Space
  • Unfinished
Exterior Features
  • Stone
Utility Information
  • Sewer: Municipal Sewage System
Parking
  • Total: 24
  • Detached Garage
Stories
  • 3
Living Area
  • 9,382 sqft
Location
   
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Disclaimer: REALTOR.CA The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Listing Data Last Updated: 12/13/24 20:14