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$899,900
Guelph
159 Glasgow Street North, Guelph (Downtown), Ontario, N1H4W7
This multi-family property in Guelph is for sale offering roughly 3,250 sq ft of space.
An excellent opportunity to add a fully occupied multi-residential property to your investment portfolio, 159 Glasgow Street North offers five tenanted units in a convenient central Guelph location. Just minutes from Downtown Guelph, the GO Station, parks, trails, shopping, restaurants, and everyday amenities, this property is well positioned in an area that continues to attract strong rental demand. The building is comprised of five residential units, including four 1-bedroom, 1-bathroom apartments and one bachelor suite. With all five units currently tenanted, investors can benefit from established rental income from day one, while maintaining the potential for future revenue growth as units turn over and rents transition toward current market rates. The central location adds to the property's long-term appeal, offering tenants convenient access to transit, commuter connections, downtown employment, entertainment, and recreation. Four private driveway parking spaces provide additional convenience, with nearby street parking also available. For investors looking to expand an existing portfolio or secure a multi-unit property in one of Guelph's established rental areas, 159 Glasgow Street North offers a compelling combination of location, existing tenancy, and long-term income potential. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 84 days on market, against an average age of 67 days across the listings currently for sale in this city
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.
Homes here sell close to asking price
Homes in this market sold for an average of 97.5 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This 5-bed multi-family in Guelph (Downtown) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $899,900, about 11.7× the local median household income of $77,000.
Carrying it typically needs a household income of about $175,782 (20% down, 25-yr amortization, stress-tested) — roughly 128% above the area median.
Source: Statistics Canada, 2021 Census (FSA N1H)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
