150-152 WATERLOO Avenue , Guelph

4 Bed / 4 Bath / $849,900 / MLS® Listing #:40370970

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Located walking distance to Downtown Guelph with bus stop right up front. 64 feet of frontage these two fully rented Semi detached homes are being SOLD together. They are ideal for a small builder or young investor who wants to buy/hold onto a solid cash flow investment as residential zoning Bylaws come into fruition. With the large frontage this investment has all the attributes for a nifty 'infill' development of 2 detached or semi detached homes (triplexes) . The lots are quite deep (107 feet) so coach homes in the backyards of both new homes seems a likely option to explore. The buyer may consider living in one half and rent the other. This a great opportunity for someone with vision and a general understanding of how fast the downtown of Guelph will be growing and developing and the profound need for rental income 'infill' development. Net rent just over ~$4100 per month. (landlord pays for heating and water heater rental & gross rent is ~ $4300) (id:10452)

Property Details

Property Type House
Architectural Style Bungalow
Square Feet 2360.0000
Maintenance N/A
Days On Our Website 51
Basement Unfinished - Partial (Unfinished)
Kitchens 2
Lot Dimensions under 1/2 acre
Pool N/A
Area Guelph
Air Conditioning Central air conditioning
Heating Natural gas - Forced air
Exterior Aluminum siding
Parking Spaces 5
Parking Type None,None
Sewers Municipal sewage system
Water Municipal water

Listing Office: Coldwell Banker Neumann Real Estate Brokerage

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