48 Alma St S
Central West, Guelph, N1H 5W7
FOR SALE
$774,900
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Property Description
Welcome to 48 Alma St S, a legal 2-unit property with the potential for a 3rd unit that offers an incredible investment opportunity in Guelph's sought-after Junction neighbourhood! Perfect for first-time buyers looking to break into the market, live in the beautifully renovated main floor unit while enjoying the benefit of having a significant portion of your mortgage covered. Alternatively, this property is an investor's dream, with the potential to convert into a 3-unit home that promises exceptional cash flow. The main floor unit has been completely renovated, featuring bright living and dining areas with laminate floors and oversized windows that fill the space with natural light. The modern eat-in kitchen boasts crisp white cabinetry, quartz countertops and lovely backsplash. 2 spacious bedrooms with hardwood floors and 4-piece bathroom with a tiled shower/tub complete the main floor. Sliding doors open to a private, tree-lined backyard, offering a peaceful outdoor retreat. The second unit, accessed by exterior stairs, is a self-contained space with its own kitchen, living room, 2 bedrooms and a full bathroom. There is a balcony providing private outdoor space! The unfinished basement is framed and pre-wired for a 2-bedroom apartment with a separate entrance and shared laundry. With minimal work, it could become a fully functional 3rd unit, dramatically boosting the property's rental income potential! Located steps from Fixed Gear Brewing Co. and a short walk to Howitt Park, the property is surrounded by local amenities. Its also just minutes from the Hanlon Parkway for easy access to Highway 401 and close to downtown Guelph, offering restaurants, boutique shops, nightlife and the GO Station. Whether you're looking to live in one unit and rent the others or create a fully income-generating triplex, this property is a rare chance to capitalize on a high-demand rental market!
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Property Features
Library, Park, Place Of Worship, Public Transit, School, School Bus Route
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Property Details
Street
Community
City
Property Type
Detached, 1 1/2 Storey
Approximate Sq.Ft.
1100-1500
Lot Size
50' x 76'
Acreage
< .50
Fronting
East
Taxes
$4,447 (2024)
Basement
Part Fin, Sep Entrance
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
3
Driveway
Pvt Double
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Main | 10.60' x 17.49' | |
2nd Br | Main | 8.99' x 8.99' | |
Prim Bdrm | Main | 8.76' x 18.18' | |
Kitchen | Main | 7.09' x 8.50' | |
Dining | Main | 7.51' x 14.57' | |
Kitchen | 2nd | 6.00' x 7.84' | |
Living | 2nd | 15.42' x 12.01' | |
3rd Br | 2nd | 8.43' x 18.01' | |
4th Br | 2nd | 8.83' x 13.91' |
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Guelph Market Statistics
Guelph Price Trend
48 Alma St S is a 4-bedroom 2-bathroom home listed for sale at $774,900, which is $252,740 (24.6%) lower than the average sold price of $1,027,640 in the last 30 days (November 11 - December 10). During the last 30 days the average sold price for a 4 bedroom home in Guelph increased by $67,559 (7.0%) compared to the previous 30 day period (October 12 - November 10) and down $11,660 (1.1%) from the same time one year ago.Inventory Change
There were 61 4-bedroom homes listed in Guelph over the last 30 days (November 11 - December 10), which is up 335.7% compared with the previous 30 day period (October 12 - November 10) and up 454.5% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Guelph typically sold ($15,775) (1.5%) below asking price over the last 30 days (November 11 - December 10), which represents a $2,533 decrease compared to the previous 30 day period (October 12 - November 10) and ($55,989) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Guelph over the last 30 days (November 11 - December 10) stood at 41.0%, down from 78.6% over the previous 30 days (October 12 - November 10) and down from 90.9% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Guelph stood at 37 days when successfully sold over the last 30 days (November 11 - December 10), compared to 61 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Real Estate Centre Inc.
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