FOR SALE
$998,999
6123 Guelph, Burlington, ON, L7P 0A6
3
3
1500-2000
About the Property
About the Property
Perfectly positioned steps from downtown Guelph, this century triplex puts Exhibition Park, cafés, restaurants, boutique shopping and the Farmers' Market within easy walking distance, with the bus route right at the door. Locations with this level of walkability attract quality tenants and hold long-term rental demand. Three fully self-contained residential units, blending timeless architectural character with dependable income. Two are tenanted and the third sits vacant, so market rent is yours to set.
Fully leased, projected gross rent is close to $70,000 a year providing a 5.9% CAP rate. Zoned MOC, Mixed Office/Commercial, which permits a broader range of residential and commercial uses than the current three units. This is a well-maintained century building. An electrical rewire was done in 2015 with permits, individual panels and meters per unit & interconnected smoke/CO2.
Features
Property Details
MLS#:
X13634834
Status:
For Sale
Property Type:
Triplex
Central A/C:
No
Bedrooms:
5
Heating Fuel:
Forced Air
Bathrooms:
3
Heating Type:
Forced Air
Parking:
4 Spots
Cross Street:
Clark St. West and Woolwich
Basement:
Unfinished
Perfectly positioned steps from downtown Guelph, this century triplex puts Exhibition Park, cafés, restaurants, boutique shopping and the Farmers' Market within easy walking distance, with the bus route right at the door. Locations with this level of walkability attract quality tenants and hold long-term rental demand. Three fully self-contained residential units, blending timeless architectural character with dependable income. Two are tenanted and the third sits vacant, so market rent is yours to set.
Fully leased, projected gross rent is close to $70,000 a year providing a 5.9% CAP rate. Zoned MOC, Mixed Office/Commercial, which permits a broader range of residential and commercial uses than the current three units. This is a well-maintained century building. An electrical rewire was done in 2015 with permits, individual panels and meters per unit & interconnected smoke/CO2.
Features
Property Details
MLS#:
X13634834
Status:
For Sale
Property Type:
Triplex
Central A/C:
No
Bedrooms:
5
Heating Fuel:
Forced Air
Bathrooms:
3
Heating Type:
Forced Air
Parking:
4 Spots
Cross Street:
Clark St. West and Woolwich
Basement:
Unfinished
Maintenance:
Exterior:
Aluminum Siding, Brick
Possession Date:
Presented By:
RE/MAX Escarpment Realty Inc., Brokerage
Maintenance:
Exterior:
Aluminum Siding, Brick
Possession Date:
Presented By:
RE/MAX Escarpment Realty Inc., Brokerage