Properties

150-152 Waterloo Avenue Historic Guelph, Downtown Guelph

Offered at $565,000

Square Feet 2,156

Beds / Baths 5 / 4

MLS ID 30764906

The Story

LOCATION; LOCATION; LOCATION!! This one is perfectly positioned and provides several courses of action for the future!! Less than 1 km. from the Farmers' Market and City Hall, this property has never had a vacancy during the current ownership, even when the landlord was given short notice. If you're looking for an investment property, this one generates a cap rate (return on total capital employed including allowances for ongoing maintenance [5% of gross rent] and management [4% of gross rent]) of 5.33% and an annual positive cash flow return based on the total outlay (20% down payment, Ontario Land Transfer Tax and projected legal fees) of 7.11%. Where else can you find such a great investment? But the real kicker is the value of the land, estimated to be close to the asking price ($9000/frontage foot when fully serviced). The property is fully rented with income of $4015/month. Tenants are aware that the property is on the market, and the leases have been structured so the property can be sold purely as an investment property, or as an owner-occupied investment property, or as just the land available for re-development.

Walk / Transit Score 77 / 51

Property Dimensions 63.35 X 107

Property Taxes $5,115

Year Built 1880

The Details

Living 14'7" x 9'1"
Dining 12'9" x 9'8"
Family 15'6" x 11'5"
Kitchen 13'11" x 5'9"
Master 11'9" x 11'2"
Bedroom 16'10" x 8'0"
Bedroom 11'2" x 7'5"
Bedroom 13'7" x 7'6"
Baths 4 PCE, 4 PCE, 4 PCE, 2 PCE
Living 12'9" x 10'11"
Dining 14'6" x 8'0"
Kitchen 9'0" x 6'6"
Master 16'9" x 8'0"

The Neighbourhood

Historic Guelph

Public PrimaryCentral

Public SecondaryGVCI

Separate PrimaryHoly Rosary C.S.

Separate ScondaryOur Lady of Lourdes

The Lifestyle

We've recently witnessed several decades of growth that saw many young families enticed to move to the expanding perimeter of the city. Amidst widespread urbanization, the downtown residential streets of Guelph have never lost their appeal. The thirst for the irreplaceable characteristics of centuries old streets and properties continues. In fact, it could easily be suggested that the demand for core Guelph properties has never been higher. [...]

Neighbourhood Details & Data

Detached$530,000

Median Days On Market13

Lyle McNair, P.Eng. Salesperson

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