Sold on Nov 15, 2019
Note: Property is not currently for sale or for rent.
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Type: Detached
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Style: Bungalow
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Lot Size: 63.35 x 107 Acres
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Age: No Data
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Taxes: $5,115 per year
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Days on Site: 66 Days
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Added: Dec 19, 2024 (2 months on market)
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Updated:
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Last Checked: 3 hours ago
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MLS®#: X11239291
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Listed By: Trilliumwest real estate brokerage ltd
LOCATION; LOCATION; LOCATION!! This one is perfectly positioned and provides several courses of action for the future!! Less than 1 km. from the Farmers' Market and City Hall, this property has never had a vacancy during the current ownership, even when the landlord was given short notice. If you're looking for a development opportunity with a great cash flow while you're getting your future plans fianlized, this one generates a cap rate (return on total capital employed including allowances for ongoing maintenance [5% of gross rent] and management [4% of gross rent]) of 5.33% and an annual positive cash flow return based on the total outlay (20% down payment, Ontario Land Transfer Tax and projected legal fees) of 7.11%. Where else can you find such a great investment? But the real kicker is the value of the land, estimated to be close to the asking price ($9000/frontage foot when fully serviced). The property is fully rented with income of $4015/month. Tenants are aware that the property is on the market, and the leases have been structured so the property can be sold purely as an investment property or as just the land available for redevelopment. The property can be purchased as an owner occupied investment with some income, but for most such buyers it will require considerable renovation. Must have at least 24 hours' notice for all showings!!
Status
Days on Market: 66
Last Status: Sold
Sold Date: Nov 15, 2019
Closed Date: Dec 12, 2019
Expiry Date: Dec 02, 2019
Sold Price: $545,000
Unavailable Date: Nov 15, 2019
Input Date: Sep 12, 2019
Prior LSC: Sold
Property
Status: Sale
Property Type: Detached
Style: Bungalow
Area: Guelph
Community: Central West
Availability Date: Flexible
Assessment Amount: $448,500
Assessment Year: 2019
Inside
Bedrooms: 5
Bathrooms: 4
Kitchens: 2
Rooms: 18
Air Conditioning: Central Air
Fireplace: No
Laundry: Ensuite
Washrooms: 4
Building
Basement: Part Bsmt
Basement 2: Unfinished
Heat Type: Forced Air
Heat Source: Gas
Exterior: Alum Siding
UFFI: No
Green Verification Status: N
Water Supply: Municipal
Special Designation: Unknown
Parking
Driveway: Front Yard
Garage Type: None
Covered Parking Spaces: 8
Total Parking Spaces: 8
Fees
Tax Year: 2019
Tax Legal Description: Plan 42, Lot 6, City of Guelph
Taxes: $5,115
Land
Cross Street: Across form the Mont
Municipality District: Guelph
Parcel Number: 712810135
Pool: None
Sewer: Sewers
Lot Depth: 107 Acres
Lot Frontage: 63.35 Acres
Acres: .50-1.99
Zoning: R.1B
Rooms
Room details for 150 - 1 Waterloo Avenue, Guelph
| Type | Dimensions | Description |
|---|---|---|
| Living Main | 2.76 x 4.44 | |
| Dining Main | 2.94 x 3.88 | |
| Family Main | 3.47 x 4.72 | |
| Kitchen Main | 1.75 x 4.24 | |
| Prim Bdrm Main | 3.40 x 3.58 | |
| Br Main | 2.43 x 5.13 | |
| Br Main | 2.26 x 3.40 | |
| Br Main | 2.28 x 4.14 | |
| Bathroom Main | 1.60 x 1.95 | |
| Bathroom Main | 1.60 x 1.98 | |
| Bathroom Main | - | |
| Living Main | 3.32 x 3.88 |
Sacred HeartCatholic School
Elementary: CatholicEcole Guelph Lake Public School
Elementary: PublicCentral Public School
Elementary: PublicJohn Galt Public School
Elementary: PublicEcole King George Public School
Elementary: PublicJohn McCrae Public School
Elementary: PublicSt John Bosco Catholic School
Secondary: CatholicCollege Heights Secondary School
Secondary: PublicOur Lady of Lourdes Catholic School
Secondary: CatholicGuelph Collegiate and Vocational Institute
Secondary: PublicCentennial Collegiate and Vocational Institute
Secondary: PublicJohn F Ross Collegiate and Vocational Institute
Secondary: Public