Attention investors! Cash cow producing over $950/month in positive net cash flow! This captivating 6-bedroom, red brick century home at 145 Arthur St N, featuring a renovated, vacant, legal accessory apartment, is a prime investment opportunity. With the main floor unit vacant, you have the flexibility to live in one unit and rent the other or rent both for maximum returns. Live in the main unit for less than $2,000/month in total expenses—far cheaper than renting in this desirable area—and build equity in an appreciating asset. Positioned in downtown Guelph, steps from restaurants, boutiques, the GO Station and major future developments, this property offers an ideal balance of immediate cash flow and long-term growth. The city of Guelph is investing over 300 million in the downtown Baker St development and the new Downtown Conestoga Campus is bringing an influx of 5,000 students to the downtown core. Rents and home values in this area are anticipated to skyrocket over the next 5 years. With updated kitchens, modern bathrooms and 3 adjacent parking spots, this property not only offsets most of your mortgage but will significantly increase your wealth as its value appreciates over the next 5 years! Don’t miss this rare opportunity to invest in a property poised for exceptional returns. (id:47421)
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Detailed Information
Bedrooms
6
Bathrooms
2
Lot
30 x 100 ft
Amenities Nearby
Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Community Features
School Bus
Features
Paved driveway, Shared Driveway
Listing Contract Date
2024-10-08
Location Description
Eramosa Rd
Ownership Type
Freehold
# of Parking Spaces
3
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
R.1B
Building
Appliances
Water softener
Basement Development
Finished
Basement Type
Full (Finished)
Constructed Date
1930
Cooling Type
None
Exterior Finish
Brick, Stone
Foundation Type
Stone
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
Duplex
Utility Water
Municipal water
Land
Total Size
under 1/2 acre
Amenities
Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
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