$4,900,000

For sale

Book a showing

162 Alma Street, Guelph/Eramosa (Rockwood) - Multi-family for Sale

162 Alma Street, Guelph/Eramosa (Rockwood), Ontario, N0B2K0

20 beds baths

405 Main Street South, Guelph/Eramosa (Rockwood), Ontario, N0B2K0

6 bd4 ba8 pk1,750 ft²Lot size 84 × 112 ft (9,428 sq ft)

Listed by Royal LePage Royal City Realty

Investment analysis

Rental cashflow calculator

Estimate the monthly cashflow if you bought this home as a rental. Every figure below is an editable estimate. This is education only, not financial advice.

Estimated monthly rent

Enter the monthly rent you expect, or adjust our estimate.

Down payment (%)

Rate (%)

Amortization (yrs)

Property tax (est. / yr)

Condo fee (/ mo)

Insurance (est. / mo)

Maint. + vacancy (est. / mo)

Enter an estimated monthly rent to see the cashflow.

Estimates only, not a mortgage approval or financial advice. Rate, taxes, and allowances are assumptions you can edit above.

$4,900,000

Guelph/Eramosa

Book a showing

Description

This is a Brand New Multiplex being constructed. Consisting of 8 Units. The upper 6 units, (3 front & 3 back), are Appx. 1286 Square Feet each, 2 storey, 3 Bedrooms, 2.5 Bathrooms, fully independent metered utilities, full set of Stainless Steel Appliances, Separate Heating & Air Conditioning units and Instant Hot Water System as well as Individual Laundry Rooms. The Lower Floor consists of: 2 Separate Units: Appx. 653 Square Feet each, 1 Bedroom, 1 Bathroom, Full Kitchen and equipped with a full set of SS Appliances, Individual Heating & Air Conditioning units as well as Individual Laundry Facility and Instant Hot Water System. Also on the lower level is an Amenity room with a full Kitchen and a 2 pc bath. Located only 15-20 minutes from Guelph University. GO Bus at door. Public Transportation within a few minutes walk. All Units are carpet-free, Laminate & Tiles. This is a turnkey project with huge potential for the savy investor. This project is also approved for financing by CMHC. (id:66096)

Property Details

MLS®: X12930108
Property Type: Multi-family
Bedrooms: 20
Beds (above / below): 20 above · 0 below
Bathrooms: 21
Half Baths: 7
Parking: 14
Lot Size: 100 × 132 ft (13,260 sq ft)
Frontage: 100 ft
Basement: Finished, Apartment in basement, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Listed: 222 days ago

Rooms

Ground level

Living room: 3.6 x 2.99 meters
Dining room: 2.47 x 2.35 meters
Kitchen: 3.69 x 3.6 meters

Second level

Primary Bedroom: 4.79 x 2.17 meters
Bedroom 2: 3.6 x 3.14 meters
Bedroom 3: 4.33 x 2.41 meters

Lower level

Living room: 3.65 x 2.35 meters
Dining room: 3.65 x 2.35 meters
Kitchen: 4.54 x 3.44 meters
Primary Bedroom: 4.32 x 2 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Water Heater - Tankless
Flooring: Tile, Laminate
Foundation: Poured Concrete
Exterior: Stucco
Lot Features: Conservation/green belt, Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

222d

Guelph/Eramosa (Rockwood) listings, avg age

122d

List price

$4.90M

Homes here sell faster than most markets

Sold homes in this market spent an average of 38 days on the market over the past year, against a median of 48 days across the markets we publish.

Area context

Neighbourhood profile (N0B)

This home lists at $4,900,000, about 40.8× the local median household income of $120,000.

Carrying it typically needs a household income of about $957,142 (20% down, 25-yr amortization, stress-tested) — roughly 698% above the area median.

Median household income: $120,000
Population: 86,919
Median age: 42.8
Owner / renter: 88% / 12%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA N0B)

$4,900,000

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Full Cost Breakdown

Loading rates, 30-yr amortization

Current Rates

Loading…

Compare all rates

Down Payment20% · $980,000

Min 20%50%

Mortgage payment$20,897/mo

Est. property tax$0/mo

Total monthly$20,897

Cash Needed to Close

Down payment (20%)$980,000

Land transfer tax$108,975

Est. closing costs$17,200

Total cash needed$1,106,175

Get Pre-Approved · Free & Fast

Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

162 Alma Street, Guelph/Eramosa (Rockwood) - Multi-family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N0B)

Book a showing

Full Cost Breakdown