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    For Sale - 10 Ontario Street, Guelph, Ontario

    Est payment $3,837/mo
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    Views   1
    Time on Jump  51 day

    AI Summary *

    • Legal 2-unit duplex with 7 bedrooms and strong rental income potential.
    • Current rental income of $6195 per month, $74,340 annually.
    • Separate self-contained 2-bedroom unit with private access and amenities.
    • City-approved severance for future development or sale of an additional lot.
    • Stabilized revenue allows for covering expenses while planning next steps.




    Welcome to 10 ontario street! This property holds immense current and future value! Let's start with its current value. This is a legal 2-unit, 7-bedroom duplex offering $6195 per month in rental income, or $74,340 annually. The main floor and basement are one unit with 5 bedrooms, and the second level is a separate, self-contained 2-bedroom unit completely detached from the lower unit and accessed via the rear deck and staircase. The lower and upper units rent for $3995 and $2200 per month, respectively. With owner's expenses last year at approximately $16,379 (gas $1802, hydro/water $4134, internet $959, insurance $2873, taxes $6611), leaving $57,961 after owner expenses, there is ample room left to cover mortgage expense and management costs. But that's not all! This property also has a city-approved, conditional severance in place and is at the stage where a new buyer could take over, fulfill the conditions of severance, and have two fully separated lots, allowing for a sale of the second lot to recapture some capital, or to retain the lot and build another multiplex. With stabilized revenue in place, this investment can carry itself while a new owner completes the lot severance and sale or plans their new build. Either way, this is an exceptional opportunity for the savvy investor. Get in touch with your realtor and book your private showing today!
    Listing IDX13727156
    Address10 Ontario Street
    CityGuelph, Ontario
    Price$799,000
    Bed / Bath7 / 3 Full
    Style2-Storey, Duplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype DuplexIndoor Features Accessory ApartmentOwnership FreeholdBasement Full, Finished with Walk-OutFoundation Stone, Concrete BlockHeating / Cooling RadiantHeating Fuel GasSewer Sewer

    Parking 3.00
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    Listing Brokerage: Bosley Real Estate Ltd.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    10 Ontario Street
    Guelph , Ontario
    7 3 $799,000
    Get more info