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Single Family ResidenceMLS® 40875083

98 Waterloo Avenue, Guelph ON N1H 3H8

Downtown, Guelph, N1H 3H8

$845,000

4Bedrooms
3Bathrooms
2,169Sq ft
4Parking
1895Year built
2Storeys
Single Family ResidenceType
0Days on market

The home

About this property

A RARE OPPORTUNITY FOR FIRST TIME HOME BUYERS LOOKING TO LIVE-IN AND OFFSET THEIR MORTGAGE! Whether you're an investor or a savvy buyer, you will love the versatility of this home. Find parking for 4 vehicles, STRONG WALKABILITY to the Downtown Core, parks, restaurants, shopping, and easy access for those who prefer to bike. The main floor of this home hosts a unit spanning OVER 1000 Sq Ft of living space. Enjoy exclusive use of a 11 ft x 14 ft back deck. Inside, 2 bedrooms, a beautiful sunroom/second living area, designated dining area with skylight, space for a home office, two full-bathrooms, two bedrooms, large windows, and in-suite laundry. This unit is full of charm, with the original hardwood floors, beautiful trim, and so much potential to make it a hip, design forward space that suits your taste. Working from home is easy, with spaces for more than one office. It's not often you find this big of a main floor unit in such a central location. This unit is now VACANT and move in ready! Upstairs, let the 2 bedroom unit above offset your mortgage. Currently tenanted and generating $2,500 a month (inclusive of utilities), this is a fantastic investment opportunity. Two bedrooms, a newly renovated bathroom, in-unit laundry and access to a rooftop patio overlooking the mature treelines beyond. An added bonus is the space below the deck, where the exterior door leads to the unfinished basement, the ideal, dry storage spot for you and your tenants belongings. Whether you are a young professional/ university-grad looking for a location central to the downtown area, an investor looking to rent both units and generate over $5,000 a month, or a first-time buyer looking for a savvy move, 98 Waterloo Avenue offers: a prime location, parking, a private backyard, a solid, double-wide brick exterior in great shape, and is already generating a positive cashflow.

Specifications

Property details

Property type

Residential

Style

Traditional

Lot

51.82 x 83.59 ft

Taxes

$5,227 (annual)

Heating

Forced Air, Natural Gas

Cooling

Central Air

Basement

Partial, Unfinished

Parking

4 total

Days on market

0

What's included

Features and amenities

Lot

UrbanCity LotPublic TransitSchool Bus RouteSchools

Appliances

Water SoftenerDishwasherDryerRange HoodRefrigeratorStoveWasher

Where it sits

Location

Pin placed at the coordinates supplied by the MLS® System.

Listed by Michael Christie, Royal LePage Royal City Realty and Royal Lepage Royal City Realty (the Cornerstone Association of REALTORS®).

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Presented by Rebecca Dorey, Sales Representative, RE/MAX Solid Gold Realty (II) Ltd., Brokerage. Each office independently owned and operated.