$874,999
Guelph
458 Woolwich Street, Guelph (Exhibition Park), Ontario, N1H3X5
This multi-family property in Guelph is for sale offering roughly 2,750 sq ft of space. It has been on the market 40 days, fresher than the Guelph average of 80 days.
Perfectly positioned steps from downtown Guelph, this century triplex puts Exhibition Park, cafes, restaurants, boutique shopping and the Farmers' Market within easy walking distance, with the bus route right at the door. Locations with this level of walkability attract quality tenants and hold long-term rental demand. Three fully self-contained residential units, blending timeless architectural character with dependable income. Two are tenanted and the third sits vacant, so market rent is yours to set. Fully leased, projected gross rent is close to $70,000 a year providing a 5.9% CAP rate. Zoned MOC, Mixed Office/Commercial, which permits a broader range of residential and commercial uses than the current three units. This is a well-maintained century building. An electrical rewire was done in 2015 with permits, individual panels and meters per unit & interconnected smoke/CO2. Main sewer plumbing was replaced to the street in 2021. Furnace 2025. Front porch floor rebuilt and exterior painted in 2022.A strong addition to an established portfolio, and an equally strong first step for a buyer who wants to live in one unit and let the other two help carry the mortgage. The 2-bedroom main floor unit boasts original hardwood flooring, rich wood trim and stunning original pocket doors separating the living and dining rooms, the kind of craftsmanship that simply can't be replicated, plus a kitchen renovated in 2015. The second-floor unit offers two bedrooms, hardwood flooring, a flexible living room or den, four-piece bathroom, 2015 kitchen, and finished living space added in 2023. The third-floor suite is a bright one-bedroom with a cozy gas fireplace, galley kitchen, three-piece bathroom renovated in 2015 and a private balcony. Driveways on both sides, a deep backyard with full access for all three units, and shared laundry on the main floor. Leases, invoices and the full improvement list available on request. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 40 days on market, against an average age of 80 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 (Exhibition Park) has been listed for 40 days, which is 40 days fresher than the city average of 80. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $874,999, about 11.4× the local median household income of $77,000.
Carrying it typically needs a household income of about $170,918 (20% down, 25-yr amortization, stress-tested) — roughly 122% above the area median.
Source: Statistics Canada, 2021 Census (FSA N1H)
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.