220 GORDON Street

Guelph, Ontario, N1G1X3, Canada

$7,599,000

****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.

EXTRAS: Paved driveway

Virtual Tour: https://youriguide.com/220_gordon_st_guelph_on/

Last updated on : Wednesday 27th of November 2024 11:36:41 AM

ADDRESS

Street : 220 GORDON Street

City : Guelph

Province : Ontario

Country : Canada

Postal Code : N1G1X3

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PROPERTY SUMMARY

Property ID : 40680936

Property Type : Multi-family

Bedrooms : 37

Bathrooms : 21

Parking : 24

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