150-152 WATERLOO Avenue

For Sale - $869,900.00

ID#: 25238619

Located walking distance to Downtown Guelph with bus stop right up front. 64 feet of frontage these two fully rented Semi detached homes are being SOLD together. They are ideal for a small builder or young investor who wants to buy/hold onto a solid cash flow investment as residential zoning Bylaws come into fruition. With the large frontage this investment has all the attributes for a nifty ‘infill’ development of 2 detached or semi detached homes (triplexes) . The lots are quite deep (107 feet) so coach homes in the backyards of both new homes seems a likely option to explore. The buyer may consider living in one half and rent the other. This a great opportunity for someone with vision and a general understanding of how fast the downtown of Guelph will be growing and developing and the profound need for rental income ‘infill’ development. Net rent just over ~$4100 per month. (landlord pays for heating and water heater rental & gross rent is ~ $4300) (id:42870)