$3,299,900
Available - For Sale
Listing ID: X12328667
83 King Stre , Guelph, N1E 4P5, Wellington
| RARE INVESTMENT OPPORTUNITY in heart of Guelph! Fully restored heritage estate offers 5 beautiful self-contained rental units on 1-acre lot-prime opportunity for investors seeking strong cash flow, potential to expand & option to live in luxury while earning passive income. W/ability to generate gross rents over $15,000/mth, vacant poss available for setting market rents & possibility to add another 45 units at rear of property; city permitting for 4 & 5 units is pending & funding application for the 5-unit is within the CMHC guidelines, this property combines immediate returns W/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 provide space for entertaining. Primary suite W/skylights & wall of closets. Garden doors open to deck overlooking mature trees. Renovated 3pc ensuite W/glass shower & floating vanity. 2 add'l bdrms & 4pc bath. Unit connects to finished bsmt W/its own entrance, office W/exposed stone walls, wine cellar, full kitchen & flexible living space-ideal for 6th unit or expanded personal use. Unit 2: 2-bdrm & 2-bath, LR W/hardwood, fireplace & crown moulding. Formal DR with B/I display nook & kitchen W/sleek cabinetry, S/S appliances, access to washer/dryer & side entrance. Both bathrooms feature W/I glass showers. Units 3 & 4: 2-berm 1-bath blend 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, white cabinetry & 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 vibrant downtown this property is walkable to shops, dining, transit & parks |
| Price | $3,299,900 |
| Taxes: | $15570.38 |
| Assessment Year: | 2025 |
| Occupancy: | Owner |
| Address: | 83 King Stre , Guelph, N1E 4P5, Wellington |
| Acreage: | .50-1.99 |
| Directions/Cross Streets: | Eramosa Rd |
| Rooms: | 0 |
| Bedrooms: | 10 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | Finished, Walk-Out |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 100+ |
| Property Type: | Multiplex |
| Style: | 2-Storey |
| Exterior: | Brick, Stucco (Plaster) |
| Garage Type: | None |
| (Parking/)Drive: | Private |
| Drive Parking Spaces: | 11 |
| Park #1 | |
| Parking Type: | Private |
| Park #2 | |
| Parking Type: | Private |
| Pool: | None |
| Approximatly Age: | 100+ |
| Approximatly Square Footage: | 5000 + |
| Property Features: | Hospital, Library |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | Y |
| Heat Type: | Other |
| Central Air Conditioning: | Wall Unit(s |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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| RE/MAX Real Estate Centre Inc |
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At a Glance:
| Type: | Freehold - Multiplex |
| Area: | Wellington |
| Municipality: | Guelph |
| Neighbourhood: | St. George's |
| Style: | 2-Storey |
| Approximate Age: | 100+ |
| Tax: | $15,570.38 |
| Beds: | 10 |
| Baths: | 7 |
| Fireplace: | Y |
| Pool: | None |
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