83 KING STREET, Guelph (st. George's), Ontario, N1E4P5

83 KING STREET, Guelph (st. George's), Ontario, N1E4P5 (ID X12328667)
Representative
Dominic and Jack Cole
Real Estate Brokers / Senior Real Estate Specialist
BALL Real Estate Inc., Brokerage - Lakefield
Cell: 705-772-6683
Tel: 705-651-2255(Ball)

$3,299,900 - For sale

ID#:X12328667

RARE INVESTMENT OPPORTUNITY in heart of Guelph! Fully restored heritage estate offers 5 self-contained rental units on 1-acre lot making it a prime opportunity for investors seeking strong cash flow, potential to expand & option to live in luxury while earning income. W/ability to generate gross rents over $15,000/mth, vacant poss avail for setting market rents, W/strong potential to add 4-5 units at rear of property. 3D survey & prelim architectural plans have been completed & reviewed at City Hall W/positive feedback. Current application submitted for 5 units (in line W/CMHC priorities) though could be adapted to 4 if desired. This groundwork provides buyers W/confidence in immediate returns & future upside. Each unit blends historic character W/modern functionality. Unit 1: 3-bdrm, 2-bath perfect for owner seeking upscale living while living for free. GR W/crown moulding & bay window. Kitchen W/lots of cabinetry & centre island. Formal DR & sep FR for entertaining. Primary bdrm W/skylights & wall of closets. Garden doors open to deck. Renovated 3pc ensuite W/glass shower & floating vanity. 2 add'l bdrms & 4pc bath. Unit connects to fin bsmt W/its own entrance, office W/exposed stone walls, wine cellar, full kitchen & flex living space-ideal for 6th unit or expanded personal use. Unit 2: 2-bdrm & 2-bath, LR W/fireplace & crown moulding. DR with B/I display nook & kitchen W/sleek cabinetry, S/S appliances, access to washer/dryer & side ent. Both bathrooms have W/I glass showers. Units 3 & 4: 2-bdrm 1-bath has charm W/modern updates. Unit 3: floor-to-ceiling windows, brick accent wall & 2-toned kitchen W/in-suite laundry. Unit 4: open-concept layout & fireplace in primary bdrm. Both have 3pc bath with W/I glass showers. Unit 5: 1-bdrm 1-bath W/open-concept living & dining, kitchen with S/S appliances, bdrm & modern 3pc bath. Interlocking brick patios & stone paths lead to outdoor seating area & kitchen. Steps from downtown & walkable to shops, dining, transit &parks (id:2471)

Location DescriptionEramosa Rd

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Property Details
  • Property Address:83 KING STREET, Guelph (st. George's), Ontario, N1E4P5
  • Property Type:Multi-family
  • Community Name:St. George's
  • Lot Size:38.3 x 250 FT|1/2 - 1.99 acres
  • Sewage Type:Sanitary sewer
  • Water Type:Municipal water
  • Driveway:No Garage
  • Parking Space Total:11
Structure Details for 83 KING STREET, Guelph (st. George's), Ontario, N1E4P5
  • Structure Style:Other
  • Bedrooms:10
  • Bathrooms:7
  • Floor Space:5000 - 100000 sqft
  • Heating Type:Other
  • Storeys:2
  • Basement Type:N/A (Finished), N/A
  • Foundation Type:Stone
  • Cooling Type:Wall unit
  • Appliances Included:Water softener, All, Furniture
  • Exterior Type:Brick, Stucco
Amenities for 83 KING STREET, Guelph (st. George's), Ontario, N1E4P5 Irregular lot size, Community Centre
  • Amenities Nearby:Hospital, Park, Public Transit, Schools
Representative
Dominic and Jack Cole
Real Estate Brokers / Senior Real Estate Specialist
BALL Real Estate Inc., Brokerage - Lakefield
Cell: 705-772-6683
Tel: 705-651-2255(Ball)
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Listing Offices: RE/MAX Real Estate Centre Inc, Royal LePage Royal City Realty

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83 KING STREET, Guelph (st. George's), Ontario, N1E4P5

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