Re/max Premier Inc., Brokerage
9100 Jane St
Concord, ON
L4K 0A4
Guelph, Guelph South, N1L 1S8
$719,900
Listed by M1 REAL ESTATE BROKERAGE LTD..
Welcome to Unit #68, at 1155 Gordon Street! Discover a prime investment opportunity at nestled in Guelphs vibrant University District. This exceptional property is designed for investors seeking to capitalize on the robust rental market in one of the citys most desirable areas. The unit boasts three spacious bedrooms on the second floor, each offering generous space and comfort, complemented by a well-appointed shared four-piece bathroom. Adding significant value, the walkout basement remains unfinished but comes with a roughed-in bathroom, presenting a versatile space ready to be converted into a fourth bedroom or additional living area. This potential for expansion makes it a lucrative option for increasing rental income or enhancing resale value. Modern comforts are at the forefront with a newly installed high-efficiency heat pump, ensuring energy savings and enhanced climate control, an appealing feature for tenants prioritizing both comfort and cost-efficiency. Further enhancing its appeal is an attached garage, offering secure parking and extra storage, a rare convenience in the area. The large deck off the living room provides a delightful space for outdoor relaxation and entertaining, making the unit even more attractive to potential renters or buyers. Located in Guelphs sought-after University District, this property is a top choice for students and locals alike. Its proximity to the University of Guelph, public transportation, shopping, dining, and the citys vibrant life ensures a steady demand for rental. Additionally, low condo fees contribute to an excellent return on investment, keeping overheads low and profits high.
Kitchen
The graph below compares the average list price and average sale price of condos in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.
The graph below illustrates the average days on market for condos in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.