$719,900

Investment For Sale In Downtown, Guelph, Ontario

$719,900

Property Information:

Welcome to 48 Alma St S, a legal duplex, with an additional 2 bedroom basement apartment roughed into the unfinished basement, in Guelph's sought-after Junction neighbourhood! Perfect for first-time buyers looking to break into the market, live in the beautifully renovated main floor unit while enjoying the benefit of having a significant portion of your mortgage covered. Alternatively, this property is an investor's dream, with the potential to convert into a 3-unit home that promises exceptional cash flow. The main floor unit has been completely renovated, featuring bright living and dining areas with laminate floors and oversized windows that fill the space with natural light. The modern eat-in kitchen boasts crisp white cabinetry, quartz countertops and lovely backsplash. 2 spacious bedrooms with hardwood floors and 4-piece bathroom with a tiled shower/tub complete the main floor. Sliding doors open to a private, tree-lined backyard, offering a peaceful outdoor retreat. The second unit, accessed by exterior stairs, is a self-contained space with its own kitchen, living room, 2 bedrooms and a full bathroom. There is a balconyproviding private outdoor space! The unfinished basement is framed and pre-wired for a 2-bedroom apartment with a separate entrance and shared laundry. With minimal work, it could become a fully functional 3rd unit, dramatically boosting the property's rental income potential! Located steps from Fixed Gear Brewing Co. and a short walk to Howitt Park, the property is surrounded by local amenities. Its also just minutes from the Hanlon Parkway for easy access to Highway 401 and close to downtown Guelph, offering restaurants, boutique shops, nightlife and the GO Station. Whether you're looking to live in one unit and rent the others or create a fully income-generating triplex, this property is a rare chance to capitalize on a high-demand rental market. Vacant possession is available on May 1st!

Inclusions: Other,Fridge X 2, Stove X 2, Coin Washer & Dryer.

Exclusions : Tenants Belongings.

Building Features:

  • Floor Space: 1407 Square Feet

Property Features:

  • Bedrooms: 4
  • Acres Range: < 0.5
  • Basement: Full, Partially Finished
  • Construction Materials: Aluminum Siding
  • Cooling: None
  • Driveway Parking: Private Drive Double Wide
  • Floor Space (approx): 1407 Square Feet
  • Heating: Forced Air, Natural Gas
  • Interior Features: Accessory Apartment
  • Laundry Features: In-Suite
  • Lot Depth: 76 Feet
  • Lot Features: Rectangular, Highway Access, Library, Park, Place of Worship, Playground Nearby, Public Transit, Rec./Community Centre, School Bus Route, Schools, Shopping Nearby
  • Lot Frontage: 50.00 Feet
  • Parking Features: Asphalt
  • Roof: Asphalt Shing
  • Water Source: Municipal
  • Zoning: R1B
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 3

Courtesy of: RE/MAX REAL ESTATE CENTRE INC., BROKERAGE

Data provided by: Kitchener-Waterloo Association of REALTORS® 540 Riverbend Drive, Kitchener, Ontario N2K 3S2
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved