299 Edinburgh Rd S Road Guelph, Ontario N1G 2K3
$1,485,000
Welcome to an exceptional investment opportunity in the heart of Guelph, Old University, nestled on one of the city's most desirable streets. This property’s prime location is close to downtown, shopping, dining and walking distance to the University, making it a good investment . For parents seeking secure and comfortable accommodation for their child’s post-secondary education, this property is the perfect choice. It not only provides a safe living environment but also is as a robust investment opportunity. Located along a development corridor, the property(89’x235’) aligns with official plan objectives for infill development. With minimal modifications, it has the potential to generate between $8,000 to $9,000 per month in revenue. Investors will find ample opportunities here to expand their portfolio. The large backyard is perfect for additional residential dwelling units (ARDUs), a duplex, triplex, or even a multi-unit building(refer to attachments for more details). The main floor of the house features spacious rooms with abundant natural light. Hardwood floors grace the bedrooms, and the living and dining areas, currently carpeted, conceal hardwood floors underneath. An updated full bathroom adds modern comfort to the classic charm of the home. The lower level offers a Legal 2 bedroom basement apartment(attached letter) and a separate recreation area. This configuration not only provides additional living space but also offers significant income potential. The property includes an owned hot water tank and water softener, central air humidifier, water filtration system and exterior sensor lights. The expansive driveway holds 6 vehicles and easy street access. The beautifully landscaped backyard is complete with a gazebo, swing set, and vegetable garden. It's a perfect space for children & pets to play and for hosting family and friends. Schedule your private showing and discover the remarkable potential this home has to offer. Open house over the weekend! (id:49454)
Open House
This property has open houses!
1:00 am
Ends at:4:00 pm
large lot and legal basement apartment
Property Details
| MLS® Number | 40605818 |
| Property Type | Single Family |
| Amenities Near By | Park, Place Of Worship, Public Transit, Shopping |
| Equipment Type | None |
| Features | Paved Driveway, Gazebo, Automatic Garage Door Opener |
| Parking Space Total | 8 |
| Rental Equipment Type | None |
| Structure | Shed |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 5 |
| Appliances | Dishwasher, Dryer, Freezer, Refrigerator, Stove, Water Softener, Water Purifier, Washer, Hood Fan, Garage Door Opener |
| Architectural Style | Bungalow |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1954 |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Foundation Type | Block |
| Half Bath Total | 1 |
| Heating Fuel | Natural Gas |
| Stories Total | 1 |
| Size Interior | 2458 Sqft |
| Type | House |
| Utility Water | Municipal Water |
Parking
| Detached Garage |
Land
| Acreage | No |
| Land Amenities | Park, Place Of Worship, Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 235 Ft |
| Size Frontage | 89 Ft |
| Size Irregular | 0.48 |
| Size Total | 0.48 Ac|under 1/2 Acre |
| Size Total Text | 0.48 Ac|under 1/2 Acre |
| Zoning Description | Rib(rl.1) |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | Storage | 21'8'' x 3'10'' | ||
| Basement | Utility Room | 13'10'' x 18'9'' | ||
| Basement | 2pc Bathroom | Measurements not available | ||
| Basement | 3pc Bathroom | Measurements not available | ||
| Basement | Bedroom | 12'9'' x 12'3'' | ||
| Basement | Bedroom | 12'4'' x 13'1'' | ||
| Basement | Family Room | 23'2'' x 13'2'' | ||
| Basement | Dining Room | 10'10'' x 14'1'' | ||
| Basement | Kitchen | 7'1'' x 10'0'' | ||
| Main Level | Other | 7'8'' x 10'5'' | ||
| Main Level | Foyer | 6'1'' x 4'2'' | ||
| Main Level | Mud Room | 7'7'' x 8'7'' | ||
| Main Level | 4pc Bathroom | Measurements not available | ||
| Main Level | Bedroom | 10'11'' x 10'0'' | ||
| Main Level | Bedroom | 10'11'' x 10'0'' | ||
| Main Level | Primary Bedroom | 10'1'' x 13'6'' | ||
| Main Level | Dining Room | 10'1'' x 11'4'' | ||
| Main Level | Living Room | 20'3'' x 13'0'' | ||
| Main Level | Kitchen | 12'6'' x 9'5'' |
https://www.realtor.ca/real-estate/27046072/299-edinburgh-rd-s-road-guelph
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June 22 2024 09:17:35
Guelph & District Association of REALTORS®
Coldwell Banker Neumann Real Estate Brokerage