83 King Street Guelph, Ontario N1E 4P5

$3,299,900

RARE INVESTMENT OPPORTUNITY in heart of Guelph! Fully restored heritage estate offers 5 self-contained rental units on 1-acre lot making it a prime opportunity for investors seeking strong cash flow, potential to expand & option to live in luxury while earning income. W/ability to generate gross rents over $15,000/mth, vacant poss avail for setting market rents, W/strong potential to add 45 units at rear of property. 3D survey & prelim architectural plans have been completed & reviewed at City Hall W/positive feedback. Current application submitted for 5 units (in line W/CMHC priorities) though could be adapted to 4 if desired. This groundwork provides buyers W/confidence in immediate returns & future upside. Each unit blends historic character W/modern functionality. Unit 1: 3-bdrm, 2-bath perfect for owner seeking upscale living while living for free. GR W/crown moulding & bay window. Kitchen W/lots of cabinetry & centre island. Formal DR & sep FR for entertaining. Primary bdrm W/skylights & wall of closets. Garden doors open to deck. Renovated 3pc ensuite W/glass shower & floating vanity. 2 add'l bdrms & 4pc bath. Unit connects to fin bsmt W/its own entrance, office W/exposed stone walls, wine cellar, full kitchen & flex living space-ideal for 6th unit or expanded personal use. Unit 2: 2-bdrm & 2-bath, LR W/fireplace & crown moulding. DR with B/I display nook & kitchen W/sleek cabinetry, S/S appliances, access to washer/dryer & side ent. Both bathrooms have W/I glass showers. Units 3 & 4: 2-bdrm 1-bath has charm W/modern updates. Unit 3: floor-to-ceiling windows, brick accent wall & 2-toned kitchen W/in-suite laundry. Unit 4: open-concept layout & fireplace in primary bdrm. Both have 3pc bath with W/I glass showers. Unit 5: 1-bdrm 1-bath W/open-concept living & dining, kitchen with S/S appliances, bdrm & modern 3pc bath. Interlocking brick patios & stone paths lead to outdoor seating area & kitchen. Steps from downtown & walkable to shops, dining, transit & parks (id:42776)

Property Details

MLS® Number	X12328667
Property Type	Multi-family
Neigbourhood	Saint George's Neighbourhood Group
Community Name	St. George's
Amenities Near By	Hospital, Park, Public Transit, Schools
Community Features	Community Centre
Features	Irregular Lot Size
Parking Space Total	11

Building

Bathroom Total	7
Bedrooms Above Ground	10
Bedrooms Total	10
Age	100+ Years
Appliances	Water Softener, All, Furniture
Basement Development	Finished
Basement Features	Walk Out
Basement Type	N/a (finished)
Cooling Type	Wall Unit
Exterior Finish	Brick, Stucco
Fireplace Present	Yes
Foundation Type	Stone
Heating Type	Other
Stories Total	2
Size Interior	5,000 - 100,000 Ft2
Type	Other
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Land Amenities	Hospital, Park, Public Transit, Schools
Sewer	Sanitary Sewer
Size Depth	250 Ft
Size Frontage	38 Ft ,3 In
Size Irregular	38.3 X 250 Ft
Size Total Text	38.3 X 250 Ft|1/2 - 1.99 Acres
Zoning Description	R1b

https://www.realtor.ca/real-estate/28698834/83-king-street-guelph-st-georges-st-georges