589 College Ave W

College, Guelph, N1G 2Z6
FOR SALE
$405,000
Expired
$0
589 College Ave W, Guelph
589 College Ave W
5 + 2
BEDROOMS
3
BATHROOMS
1 + 1
KITCHENS
11 + 6
ROOMS
X11249153
MLSID
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Listing History
List Date End Date Days Listed List Price Sold Price Status
2016-03-22 2016-05-23 61 $405,000 - Expired
2017-03-10 2017-03-24 18 $454,900 $451,000 Sold
2022-01-07 2022-01-10 3 $699,000 $915,000 Sold
Property Description
A Great Investment Opportunity! A Sought After South End 2 Unit Investment Property, Conveniently Located On A Bus Route Direct To The University. Semi-Detached, Freehold, On A Big 30Ft Lot Backing To A Park. Upper Unit Has 4 Bedrooms And 2 Baths. The Lower Unit Is A Legal 3 Bedroom Apartment, Walk-Out, With Separate Entrance! Both Upper And Lower Units Have Their Own In-Suite Laundry. This House Is Carpet-Free And Has Been Well Maintained. Upgrades Include New Windows (2009), New Furnace (2012), New Insulation Blow (2009), And New Roof (2014). It Has Been Always Fully Rented, And New Contracts Signed Till April, 2017 (Buyer Assume Contracts). Gross Rent Currently Is $32400/Year, Making A Healthy 6% Cap Rate, With Potential For More! This Is A Turn Key Operation/ Nothing To Do But Collect The Rent!
Property Details
Community
City
Property Type
Semi-Detached, 2-Storey
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