Added 3 months ago
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Type: Investment
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Property Type: Commercial
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Business Type: Apts-Over 20 Units
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Zoning: R.1B
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Age: 100+ years
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Taxes: 34091
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MLS®#: X9247549
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Added: Aug 09, 2024 (3 months ago)
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Updated:
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Last Checked: 10 hours ago
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Listed By: KELLER WILLIAMS INNOVATION REALTY
****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. Calling all Multi-Family investors please contact us today to find out details about the 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.
Property
Status: Sale
Type: Apts-Over 20 Units
Property Type: Investment
Property Type: Apartment
Age: 100+
Area: Guelph
Community: Old University
Availability Date: Immediate
Assessment Amount: $1,524,000
Assessment Year: 2023
Inside
Air Conditioning: Y
Utilities
Utilities: Yes
Building
Heat Type: Gas Forced Air Open
Freestanding: Y
Water Supply: Municipal
Parking
Garage Type: Outside/Surface
Covered Parking Spaces: 24
Fees
Tax Year: 2024
Tax Legal Description: LOTS 1 & 2, BENJAMIN HARRISON'S UNREGISTERED PL; T/W MS41803, MS
Taxes: $34,091
Expenses: Est
Management Expense: 12794
Insurance Fee: 13200
Hydro Expense: 6995
Heat Expenses: 15369
Other Expenses: 8530
Taxes Type: Annual
Taxes: 34091
Tax Year: 2024
Water Fees: 13628
Land
Cross Street: Gordon and James
Municipality District: Guelph
Parcel Number: 712370029
Lot Depth: 136 Feet
Lot Frontage: 160 Feet
Zoning: R.1B
Additional Media
- Virtual Tour: https://unbranded.youriguide.com/220_gordon_st_guelph_on/
Commercial Specific
Total Area: 9382
Total Area Metric: Sq Ft
Area Influence: Public Transit
Franchise: N
Tangible Property Included: Y
Lot Code: Lot
Business/Building Name: 220 Gordon St
Financial Statement: Y
Gross Income/Sales: 420753
Sacred HeartCatholic School
Elementary: CatholicPriory Park Public School
Elementary: PublicEcole Guelph Lake Public School
Elementary: PublicÉÉC Saint-René-Goupil
Elementary: CatholicCentral Public School
Elementary: PublicJohn McCrae Public School
Elementary: PublicSt John Bosco Catholic School
Secondary: CatholicCollege Heights Secondary School
Secondary: PublicSt James Catholic School
Secondary: CatholicGuelph Collegiate and Vocational Institute
Secondary: PublicCentennial Collegiate and Vocational Institute
Secondary: PublicJohn F Ross Collegiate and Vocational Institute
Secondary: Public
