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Old University
220 GORDON Street
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220 GORDON Street $7,599,000
$7,599,000
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220 GORDON Street
Guelph, Ontario N1G1X3

MLS® Number: 40680936
37
Bedrooms
21
Bathrooms
9382
Square Feet

Listing Description

****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. 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. (68363425)

Location Description

GPS

Property Summary

Property Type
Multi-family
Storeys
3
Square Footage
9382 sqft
Subdivision Name
6 - Dovercliffe Park/Old University
Title
Freehold
Land Size
1/2 - 1.99 acres
Annual Property Taxes
$34,091.58
Parking Type
Detached Garage
Time on REALTOR.ca
23 days

Building

Bathrooms
Total
21
Interior Features
Appliances Included
Water softener
Basement Type
Crawl space (Unfinished)
Building Features
Features
Paved driveway
Foundation Type
Stone
Rental Equipment
Water Heater
Structures
Porch
Total Units
21
Heating & Cooling
Cooling
Wall unit
Heating Type
(Natural gas)
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Stone
Neighbourhood Features
Community Features
School Bus
Amenities Nearby
Golf Nearby, Hospital, Park, Public Transit, Schools, Shopping
Parking
Parking Type
Detached Garage
Total Parking Spaces
24

Measurements

Square Footage
9382 sqft
Above Grade Finished
9382 sqft
Source: Other

Land

Lot Features
Frontage
160 ft
Land Depth
136 ft
Other Property Information
Access
Highway access
Zoning Description
R.1B
Data provided by: Cornerstone - Waterloo Region 540 Riverbend Drive, Kitchener, Ontario N2K 3S2
Ryan Moore
Salesperson
519-242-8854
Email
Book showing
KELLER WILLIAMS INNOVATION REALTY
640 RIVERBEND DR.
KITCHENER, Ontario N2K3S2
519-570-4447
Office Website
519-807-7146
Email
Book showing
KELLER WILLIAMS INNOVATION REALTY
640 Riverbend Drive, Unit B
Kitchener, Ontario N2K3S2
519-570-4447
Office Website

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