$3,555,000
FOR SALE

Investment

Lot: 55 x 116 ftTotal Area: 7,187 ft2
2023 Taxes: $12,118Maintenance Fees: $8,520

70-72 Waterloo Ave
Guelph, ON N1H 3H5 | Central West | Wellington

$216,120 Gross Income !. Welcome to an extraordinary investment opportunity in the heart of Guelph! This income property guarantees unmatched returns and boasts a rare 4-plex featuring a total of 20 rooms and 8 bathrooms. With written leases in place, the property not only generates incrediable income but also presents further upside potential through tenant turnover and valuation. Situated in close proximity to Guelph's vibrant downtown, transit options, and the prestigious University of Guelph, this property is a prime choice for students seeking spacious and comfortable living accommodations. recent renovations in 2020 - including expansive kitchens, updated electrical systems, lighting, new furnaces, painting, flooring, interior doors, insulation in basement, landscaping and walkways. Enjoy modern comforts with the addition of central air units, while the 2021 upgrades to exterior doors and windows enhance energy efficiency and security.
Extras
Projected Proforma for May 1st, 2024 ( 72A new lease May 1, 2024, 70A, 70B & 72B 2.5% rent increase will be given for May 1, 2024). Rental increases will be given early February 2024. 2 Washers 2 Dryers coin op on a Lease, $160 per month.
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Listed By KELLER WILLIAMS INNOVATION REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8115652
Last Updated Mar 18, 2024
Property Summary
Property Type Investment

More like this:
Use Apartments - 2 to 5 Units
Category Apartment
PIN 712820038
Legal Description PT LOT 390, PLAN 8 , AS IN RO769609 SAVE AND EXCEPT T/W THEREIN ; GUELPH
Occupancy Tenant
Taxes (2023) $12,118
Tax Type Annual
Maintenance Fees $8,520
Assessment (2023) $986,000
Directions/Cross Streets Glasgow St S
Neighbourhood Central West
Area Wellington
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding Y
Lot 55 x 116 ft
Total Area 7,187 ft2
Elevator None
Air Conditioning Y
Basement Y
Chattels Y
Garage Type Outside/Surface
Parking Spaces 7
Heat Type Gas Forced Air Closd
Financial Statement Y
Gross Income/Sales $216,120
Net Income Before Debt $168,160
Hydro Expense $3,700
Insurance Expense $11,920
Management Expense $8,520
Operating Expenses $47,960
Taxes Expense $12,118
Other Expenses $7,400
Year Expenses $2,024
Expenses Actual/Estimated Act
Outside Storage N
Area Influences Public Transit
Sprinklers N
Utilities Y
Water Municipal
Survey N
Lot/Bldg/Unit Code Lot
Zoning R1B
Seller Property Info Statement N

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