70-72 WATERLOO AVE, Guelph, Ontario, N1H 3H5

Property Information:

$216,120 Gross Income !. Welcome to an extraordinary investment opportunity in the heart of Guelph! This income property guarantees unmatched returns and boasts a rare 4-plex featuring a total of 20 rooms and 8 bathrooms. With written leases in place, the property not only generates incrediable income but also presents further upside potential through tenant turnover and valuation. Situated in close proximity to Guelph's vibrant downtown, transit options, and the prestigious University of Guelph, this property is a prime choice for students seeking spacious and comfortable living accommodations. recent renovations in 2020 - including expansive kitchens, updated electrical systems, lighting, new furnaces, painting, flooring, interior doors, insulation in basement, landscaping and walkways. Enjoy modern comforts with the addition of central air units, while the 2021 upgrades to exterior doors and windows enhance energy efficiency and security. **** EXTRAS **** Projected Proforma for May 1st, 2024 ( 72A new lease May 1, 2024, 70A, 70B & 72B 2.5% rent increase will be given for May 1, 2024). Rental increases will be given early February 2024. 2 Washers 2 Dryers coin op on a Lease, $160 per month. (id:27)