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10 Ontario St, Guelph, ON

Name: 10 Ontario St, For Sale in Guelph - eXp Realty
Brand: Bosley Real Estate Ltd.
SKU: X13727156
Price: 850000 CAD

House

For Sale

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733

MLS® X13727156

Property Details
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Description

Welcome to 10 Ontario Street! This property holds immense current and future value! Let's start with its current value. This is a legal 2-unit, 7-bedroom duplex offering $6195 per month in rental income, or $74, 340 annually. The main floor and basement are one unit with 5 bedrooms, and the second level is a separate, self-contained 2-bedroom unit completely detached from the lower unit and accessed via the rear deck and staircase. The lower and upper units rent for $3995 and $2200 per month, respectively. With owner's expenses last year at approximately $16, 379 (gas $1802, hydro/water $4134, internet $959, insurance $2873, taxes $6611), leaving $57, 961 after owner expenses, there is ample room left to cover mortgage expense and management costs. But that's not all! This property also has a city-approved, conditional severance in place and is at the stage where a new buyer could take over, fulfill the conditions of severance, and have two fully separated lots, allowing for a sale of the second lot to recapture some capital, or to retain the lot and build another multiplex. With stabilized revenue in place, this investment can carry itself while a new owner completes the lot severance and sale or plans their new build. Either way, this is an exceptional opportunity for the savvy investor. Get in touch with your realtor and book your private showing today! (id:58753)Show Description

Key Facts

Type Duplex

Levels Residential Income

Size -

Garage Yes

Taxes $6,231

Days Active 23

MLS® Number X13727156

Central VacNo

FireplaceNo

GarageYes

BasementFinished, Full, Walk out

DrivewayDetached Garage, Garage

HeatRadiant heat, Natural gas

A/CNone

Additional Information

Siding Brick

Sewage System Other

Price History

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