83 King Street Active Save Request In-Person Tour Request Virtual Tour
Guelph,ON N1E 4P5
Key Details
Property Type Multi-Family
Sub Type Multi-5 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 6,700 sqft
Price per Sqft $492
MLS Listing ID 40755047
Bedrooms 10
Abv Grd Liv Area 6,700
Year Built 1880
Annual Tax Amount $15,570
Property Sub-Type Multi-5 Unit
Source Cornerstone
Property Description
RARE INVESTMENT OPPORTUNITY in heart of Guelph! Fully restored heritage estate offers 5 self-contained rental units on 1-acre lot making it a prime opportunity for investors seeking strong cash flow, potential to expand & option to live in luxury while earning income. W/ability to generate gross rents over $15,000/mth, vacant poss avail for setting market rents, W/strong potential to add 4–5 units at rear of property. 3D survey & prelim architectural plans have been completed & reviewed at City Hall W/positive feedback. Current application submitted for 5 units (in line W/CMHC priorities) though could be adapted to 4 if desired. This groundwork provides buyers W/confidence in immediate returns & future upside. Each unit blends historic character W/modern functionality. Unit 1: 3-bdrm, 2-bath perfect for owner seeking upscale living while living for free. GR W/crown moulding & bay window. Kitchen W/lots of cabinetry & centre island. Formal DR & sep FR for entertaining. Primary bdrm W/skylights & wall of closets. Garden doors open to deck. Renovated 3pc ensuite W/glass shower & floating vanity. 2 add'l bdrms & 4pc bath. Unit connects to fin bsmt W/its own entrance, office W/exposed stone walls, wine cellar, full kitchen & flex living space—ideal for 6th unit or expanded personal use. Unit 2: 2-bdrm & 2-bath, LR W/fireplace & crown moulding. DR with B/I display nook & kitchen W/sleek cabinetry, S/S appliances, access to washer/dryer & side ent. Both bathrooms have W/I glass showers. Units 3 & 4: 2-bdrm 1-bath has charm W/modern updates. Unit 3: floor-to-ceiling windows, brick accent wall & 2-toned kitchen W/in-suite laundry. Unit 4: open-concept layout & fireplace in primary bdrm. Both have 3pc bath with W/I glass showers. Unit 5: 1-bdrm 1-bath W/open-concept living & dining, kitchen with S/S appliances, bdrm & modern 3pc bath. Interlocking brick patios & stone paths lead to outdoor seating area & kitchen. Steps from downtown & walkable to shops, dining, transit &parks
Location
Province ON
County Wellington
Area City Of Guelph
Zoning R1B
Direction Eramosa Rd
Rooms
Other Rooms Shed(s)
Basement Walk-Out Access,Full,Finished
Kitchen 0
Interior
Heating Other
Cooling Wall Unit(s)
Fireplace No
Window Features Skylight(s)
Appliance Oven,Water Softener,Dishwasher,Dryer,Refrigerator,Stove,Washer
Laundry In-Suite
Exterior
Parking Features Asphalt
Roof Type Asphalt Shing
Lot Frontage 38.3
Garage No
Building
Lot Description Irregular Lot,City Lot,Hospital,Library,Park,Place of Worship,Playground Nearby,Public Transit,School Bus Route,Schools,Shopping Nearby
Faces Eramosa Rd
Story 2
Foundation Stone
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick,Stucco
New Construction No
Others
Senior Community No
Tax ID 713220035
Ownership Freehold/None
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