220 Gordon Street, Guelph | Image 1

220 Gordon Street

Guelph, Old University

  • Commercial

$X,XXX,XXX
For Sale

Added 2 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-Over 20 Units

  • Zoning: R.1B

  • Age: 100+ years

  • Taxes: 34091

  • MLS®#: X9247549

  • Added: Aug 09, 2024 (2 months ago)

  • Updated:

  • Last Checked: 2 hours ago

  • 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

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For Sale
2 months ago
$7,688,000
  • 0 bath
  • 0 bed

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