314 Edinburgh Rd S

Welcome to 48 Alma St S, a legal duplex, with an additional 2 bedroom basement apartment roughed into the unfinished basement, 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. Vacant possession is available on May 1st!

**LEGAL DUPLEX!** This is a tremendous investment opportunity or perfect house hack, offering a **7% cap rate** with **AAA tenants** in place. Renovated in 2022 by a professional investor, this bright and modern four-level back split delivers exceptional value and immediate income potential. The zoning also allows for an additional dwelling or 3rd unit.The main floor features a two-bedroom, one-bath unit with a newly upgraded **custom Barzotti kitchen**, complete with a breakfast bar, ample storage, and brand-new appliances, all within a carpet-free layout. The lower level, accessed through a **separate entrance**, boasts a private one-bedroom, one-bath unit, ideal for tenants seeking independent living or for the savvy buyer looking to offset living costs. Both units are modernly updated and meticulously maintained, with pride of ownership evident throughout. The oversized, private backyard adds to the property's appeal, offering space for relaxation or entertainment. Located on prestigious Country Club Drive, just steps from Golfview Park and close to all amenities, this property ensures high demand from renters. Don't miss out on this **turn-key investment** opportunity, underwriting information in supplements.