17 Heath Road Sold a month ago

Guelph, Onward Willow, N1H 6G8

$949,000$000000

Description

Listed by Trilliumwest Real Estate Brokerage Ltd.

Buy land! and if it happens to come with a huge 1,746 square foot "they don't build them like they used to" bungalow, then you are ahead of the game! 67 x 155 foot lot with TWO full driveways is a rare and wonderful find within the city. It affords you space to expand. The existing house does need a little work and updating. Currently, this massive bungalow is divided into two units. You could easily convert it back into a 5-bedroom single-family home, as that is what it was originally built for, a large family. The current setup is one 2-bedroom unit and one 1-bedroom unit. The city now allows three units on a property, so the potential to add a third unit is high. Rough math basing value on income potential: Unit 1 estimated value $480,000 + Unit 2 est. value $360,000 + Unit 3 est. value $360,000 = $1,200,000.00 subtract $250,000 in renovations = today's value of $950,000. Are you ready to invest in real estate?

Smoke Detector,Stove

Location

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  • Address: 17 Heath Road
  • Neighborhood: Onward Willow
  • City: Guelph
  • State: ON
  • Postal Code: N1H 6G8

Property Details

  • Property ID: 40652970
  • Property Price: $949,000
  • Style: Single Family Residence, Bungalow Raised
  • Sq/Ft: 1746
  • Rooms: 11+6
  • Bedrooms: 3+0
  • Bath: 3
  • Garages Spaces: 1
  • Parking Spaces: 5
  • Year Built: 1965
  • A/C: Central Air
  • Basement: Full, Partially Finished
  • Exterior: Brick
  • Heating: Forced Air, Natural Gas
  • Fireplace: 1
  • Taxes: $6,175.00 (2024)
  • Exposure: East

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Contact Manoj Kukreja

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

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