Renovated Guelph 4-Plex | 305-307 Paisley Rd.

Renovated Guelph 4-Plex | 305-307 Paisley Rd.

$1,299,000

Description

Magnificent Renovated Guelph 4-Plex centrally located on a massive .43 acre lot! This century Italianate mansion boasts 4 units, all separately metered for both gas and hydro, high ceilings, spacious rooms, most original trim, hardwood floors, updated kitchens, appliances and baths, huge updated windows, in suite laundry in all units, 4 individual high efficiency gas furnaces, 4 owned hot water tanks and R50 attic insulation. Superb Junction location, walk to Sunny Acres park, downtown, U of G and the Speed River. The massive, level, triple lot (112 x 169) allows for lots of parking and nice outdoor spaces (covered patio with BBQ, front and side porches, veggie garden!) and also provides golden opportunities for future development. Current Gross $74736, NOI $64884, superb tenants, market rent NOI estimate $87600, listed at approx 5% CAP. Building is in excellent condition and very finaceable. Recent improvements include a new roof, soffit and eavestroughs, fire sprinkler system, fire inspection closed Jan 2019. Please see supplements for current financials and a full list of improvements. A very rare opportunity indeed, a superb investment and also a really nice place to live!

Additional Details

  • Neighbourhood
    Downtown

Additional Features Available with this property

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