$2,300,000

For sale

172 ARTHUR Street South, Guelph - Multi-family for Sale

172 ARTHUR Street South, Guelph, Ontario, N1E5K6

13 beds13 baths11 parking6,000 ft²Listed 21 days ago

Overview

This multi-family property in Guelph is for sale offering roughly 6,000 sq ft of space. It has been on the market 21 days, fresher than the Guelph average of 63 days.

Multi-Family Properties for Sale in Guelph →All real estate in Guelph →

Description

Charming 13-suite apartment property located in Guelph’s Two Rivers neighbourhood. The property features an original stone farmhouse thoughtfully converted into a fourplex, complemented by a rear triplex addition that includes the property’s quaint “cottage” unit. A small shared courtyard separates these buildings from a purpose-built sixplex with a brant new roof, creating a unique collection of residential buildings full of character and charm.Each unit is separately metered for hydro and each building is equipped with its own gas-fired boiler. The property has been well maintained and benefits from good-quality tenants, ample parking, and a convenient location within a popular rental market.With opportunities to further enhance rents and the overall property, this is an attractive investment opportunity in one of Guelph’s established neighbourhoods. (id:66096)

Property Details

MLS®: 40871186
Property Type: Multi-family
Zoning: RL.2
Bedrooms: 13
Bathrooms: 13
Parking: 11
Interior Size: 6,000 ft²
Frontage: 28 ft
Units: 13
Storeys: 2
Basement: Unfinished, Partial
Heating: Natural gas
Cooling: None
Garage: Open
Ownership: Freehold
Property Tax: $23,669.12/yr
Listed: 21 days ago

Features

Foundation: Poured Concrete
Exterior: Brick, Stone
Lot Features: Laundry- Coin operated

Services

Water: Municipal water
Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

21d

Guelph listings, avg age

63d

Price / ft²

$383

List price

$2.30M

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.

Haho

This 13-bed multi-family in Guelph has been listed for 21 days, which is 42 days fresher than the city average of 63. Act while there is still low competition.

Set a price alert Book a showing

Listed by Royal LePage Wolle Realty · KYLE CHURCH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1E)

This home lists at $2,300,000, about 24.0× the local median household income of $96,000.

Carrying it typically needs a household income of about $449,271 (20% down, 25-yr amortization, stress-tested) — roughly 368% above the area median.

Median household income: $96,000
Population: 44,799
Median age: 38.4
Owner / renter: 74% / 26%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA N1E)

$2,300,000· $383/ft²

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% · $460,000

Min 20%50%

Mortgage payment$9,809/mo

Property tax (est.)$1,972/mo

Total monthly$11,781

Cash Needed to Close

Down payment (20%)$460,000

Land transfer tax$43,975

Est. closing costs$9,400

Total cash needed$513,375

Get Pre-Approved · Free & Fast

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

Rental cashflow calculator