Active

220 Gordon Street

Guelph ON, N1G 1X3

C$7,599,000


C$809.96 per sqft

Active

37 Beds

21 Baths

9,382 sqft

Multi-family

****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.

40680936

MLS ID

November 25, 2024

Listed

November 27, 2024

Updated

Map

220 Gordon Street
Guelph ON, N1G 1X3

Interior Features

Total Stories

3


Bedrooms

37


Total Bathrooms

21


Interior Features

Separate Hydro Meters


Appliances

Water Softener, Hot Water Tank Owned, Refrigerator, Stove


Laundry Description

None


Fireplace

No


Cooling

No


Cooling Description

Wall Unit(s)


Heating

Yes


Heating Description

Natural Gas, Radiator

Exterior/Building Features

Exterior Features

Balcony, Landscaped, Lighting, Separate Hydro Meters


Lot Features

Rectangular, Dog Park, City Lot, Near Golf Course, Highway Access, Hospital, Library, Park, Public Transit, Regional Mall, School Bus Route, Schools, Shopping Nearby, Trails


Roof

Shingle


Sewer

Sewer (Municipal)

Other Property Details

Area Name

City of Guelph


Taxes

$34,092


Tax Frequency

Annually


Garage

Yes


Garage Spaces

3


Parking

Detached Garage, Asphalt


Parking Total

24


View

No


County

Wellington


Water Source

Municipal


Pool

No


Zoning

R.1B

 

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