$845,000
Guelph
98 Waterloo Avenue, Guelph (Downtown), Ontario, N1H3H8
This multi-family property in Guelph is for sale offering roughly 2,250 sq ft of space. It has been on the market 6 days, fresher than the Guelph average of 67 days.
A RARE OPPORTUNITY FOR FIRST TIME HOME BUYERS LOOKING TO LIVE-IN AND OFFSET THEIR MORTGAGE! Whether you're an investor or a savvy buyer, you will love the versatility of this home. Find parking for 4 vehicles, STRONG WALKABILITY to the Downtown Core, parks, restaurants, shopping, and easy access for those who prefer to bike. The main floor of this home hosts a unit spanning OVER 1000 Sq Ft of living space. Enjoy exclusive use of a 11 ft x 14 ft back deck. Inside, 2 bedrooms, a beautiful sunroom/second living area, designated dining area with skylight, space for a home office, two full-bathrooms, two bedrooms, large windows, and in-suite laundry. This unit is full of charm, with the original hardwood floors, beautiful trim, and so much potential to make it a hip, design forward space that suits your taste. Working from home is easy, with spaces for more than one office. It's not often you find this big of a main floor unit in such a central location. This unit is now VACANT and move in ready! Upstairs, let the 2 bedroom unit above offset your mortgage. Currently tenanted and generating $2,500 a month (inclusive of utilities), this is a fantastic investment opportunity. Two bedrooms, a newly renovated bathroom, in-unit laundry and access to a rooftop patio overlooking the mature treelines beyond. An added bonus is the space below the deck, where the exterior door leads to the unfinished basement, the ideal, dry storage spot for you and your tenants belongings. Whether you are a young professional/ university-grad looking for a location central to the downtown area, an investor looking to rent both units and generate over $5,000 a month, or a first-time buyer looking for a savvy move, 98 Waterloo Avenue offers: a prime location, parking, a private backyard, a solid, double-wide brick exterior in great shape, and is already generating a positive cashflow. (id:66096)
Features and services as supplied by the listing brokerage.
Just listed: 6 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 4-bed multi-family in Guelph (Downtown) has been listed for 6 days, which is 61 days fresher than the city average of 67. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $845,000, about 11.0× the local median household income of $77,000.
Carrying it typically needs a household income of about $165,058 (20% down, 25-yr amortization, stress-tested) — roughly 114% 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
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
