Added 4 days ago
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Type: Detached
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Style: 1 1/2 Storey
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Size: 1100 sqft
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Lot Size: 50 x 76 Feet
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Age: 51-99 years
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Taxes: $4,447 per year
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Added: Dec 09, 2024 (4 days ago)
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Updated:
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Last Checked: 3 hours ago
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MLS®#: X11886891
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Listed By: Re/max real estate centre inc
Welcome to 48 Alma St S, a legal 2-unit property with the potential for a 3rd unit that offers an incredible investment opportunity in Guelph's sought-after Junction neighbourhood! Perfect for first-time buyers looking to break into the market, live in the beautifully renovated main floor unit while enjoying the benefit of having a significant portion of your mortgage covered. Alternatively, this property is an investor's dream, with the potential to convert into a 3-unit home that promises exceptional cash flow. The main floor unit has been completely renovated, featuring bright living and dining areas with laminate floors and oversized windows that fill the space with natural light. The modern eat-in kitchen boasts crisp white cabinetry, quartz countertops and lovely backsplash. 2 spacious bedrooms with hardwood floors and 4-piece bathroom with a tiled shower/tub complete the main floor. Sliding doors open to a private, tree-lined backyard, offering a peaceful outdoor retreat. The second unit, accessed by exterior stairs, is a self-contained space with its own kitchen, living room, 2 bedrooms and a full bathroom. There is a balcony providing private outdoor space! The unfinished basement is framed and pre-wired for a 2-bedroom apartment with a separate entrance and shared laundry. With minimal work, it could become a fully functional 3rd unit, dramatically boosting the property's rental income potential! Located steps from Fixed Gear Brewing Co. and a short walk to Howitt Park, the property is surrounded by local amenities. Its also just minutes from the Hanlon Parkway for easy access to Highway 401 and close to downtown Guelph, offering restaurants, boutique shops, nightlife and the GO Station. Whether you're looking to live in one unit and rent the others or create a fully income-generating triplex, this property is a rare chance to capitalize on a high-demand rental market!
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Property
Status: Sale
Property Type: Detached
Style: 1 1/2 Storey
Size (sq ft): 1100
Age: 51-99
Area: Guelph
Community: Central West
Availability Date: Flexible
Assessment Amount: $337,000
Assessment Year: 2024
Inside
Bedrooms: 4
Bathrooms: 2
Kitchens: 2
Rooms: 11
Den/Family Room: No
Air Conditioning: None
Fireplace: No
Washrooms: 2
Building
Basement: Part Fin
Basement 2: Sep Entrance
Heat Type: Forced Air
Heat Source: Gas
Exterior: Alum Siding
Water Supply: Municipal
Special Designation: Unknown
Parking
Driveway: Pvt Double
Garage Type: None
Covered Parking Spaces: 3
Total Parking Spaces: 3
Fees
Tax Year: 2024
Tax Legal Description: LOT 34, PLAN 262 ; GUELPH
Taxes: $4,447
Highlights
Feature: Library
Feature: Park
Feature: Place Of Worship
Feature: Public Transit
Feature: School
Feature: School Bus Route
Land
Cross Street: Chadwick Ave
Municipality District: Guelph
Fronting On: East
Parcel Number: 712800083
Pool: None
Sewer: Sewers
Lot Depth: 76 Feet
Lot Frontage: 50 Feet
Acres: < .50
Zoning: R1B
Rooms
Room details for 48 Alma Street South, Guelph
| Type | Dimensions | Description |
|---|---|---|
| Living Main | 3.23 x 5.33 | |
| 2nd Br Main | 2.74 x 2.74 | |
| Prim Bdrm Main | 2.67 x 5.54 | |
| Bathroom Main | - | 4 Pc Bath |
| Kitchen Main | 2.16 x 2.59 | |
| Dining Main | 2.29 x 4.44 | |
| Kitchen 2nd | 1.83 x 2.39 | |
| Living 2nd | 4.70 x 3.66 | |
| 3rd Br 2nd | 2.57 x 5.49 | |
| 4th Br 2nd | 2.69 x 4.24 | |
| Bathroom 2nd | - | 4 Pc Bath |
Somewhat Walkable
- Some errands can be accomplished on foot.
Some Transit
- Most errands require a car.
Bikeable
- Some errands can be accomplished on bike.
Central Public School
Elementary: PublicVictory Public School
Elementary: PublicSt Joseph Catholic School
Elementary: CatholicWillow Road Public School
Elementary: PublicPaisley Road 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-
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