220 Gordon Street Sold Invalid date

Guelph, Old University, N1G 1X3

$7,750,000$000000

Description

Listed by KELLER WILLIAMS INNOVATION REALTY.

****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. Calling all Multi-Family investors please contact us today to find out details about the 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.

Location

View Map
  • Address: 220 Gordon Street
  • Neighborhood: Old University
  • City: Guelph
  • State: Ontario
  • Postal Code: N1G 1X3

Property Video

Property Details

  • Property ID: X9247549
  • Property Price: $7,750,000
  • Style: Investment, Apartment
  • Garage: Outside/Surface
  • Parking Spaces: 24
  • Year Built: 100+
  • A/C: Y
  • Heating: Gas Forced Air Open
  • Taxes: $34,091.00 (2024)
  • Lot: 136.00x160.00 (Feet)
  • Heat Incl.: 15369
  • Hydro Incl.: 6995

Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 576 - 2100