70 72 Waterloo Ave, Guelph

70 72 Waterloo Ave, Guelph, ON N1H3H5 Photo 1

38 Photos

70 72 Waterloo Ave, Guelph, ON N1H3H5 Photo 2
70 72 Waterloo Ave, Guelph, ON N1H3H5 Photo 3
70 72 Waterloo Ave, Guelph, ON N1H3H5 Photo 4
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70 72 Waterloo Ave, Guelph, ON N1H3H5 Photo 7
  • Living area: 7187 square feet
  • MLS®: x8115652
  • Added: 58 days ago

Property Details

$216,120 Gross Income !. Welcome to an extraordinary investment opportunity in the heart of Guelph! This income property guarantees unmatched returns and boasts a rare 4-plex featuring a total of 20 rooms and 8 bathrooms. With written leases in place, the property not only generates incrediable income but also presents further upside potential through tenant turnover and valuation. Situated in close proximity to Guelph's vibrant downtown, transit options, and the prestigious University of Guelph, this property is a prime choice for students seeking spacious and comfortable living accommodations. recent renovations in 2020 - including expansive kitchens, updated electrical systems, lighting, new furnaces, painting, flooring, interior doors, insulation in basement, landscaping and walkways. Enjoy modern comforts with the addition of central air units, while the 2021 upgrades to exterior doors and windows enhance energy efficiency and security.

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Property Information

  • Cooling: Fully air conditioned
  • Tax Year: 2023
  • Living Area: 7187
  • Photos Count: 38
  • Water Source: Municipal water
  • Business Type: Residential
  • Parking Total: 7
  • Structure Type: Multi-Family
  • Tax Annual Amount: 12118
  • Lot Size Dimensions: 55 x 116 FT
  • Extras: Projected Proforma for May 1st, 2024 ( 72A new lease May 1, 2024, 70A, 70B & 72B 2.5% rent increase will be given for May 1, 2024). Rental increases will be given early February 2024. 2 Washers 2 Dryers coin op on a Lease, $160 per month. (id:1945)
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Nearby Places

Name Type Address Distance
A. N. Myer Secondary School N... 1.0 km
Bradley Octagon House It was built in 1906 by James Bradley, a carpenter... 3.4 km
Battle of Lundy's Lane It was one of the bloodiest battles of the war, an... 3.4 km
Niagara Gorge It begins at the base of Niagara Falls and ends at... 3.6 km
Westlane Secondary School School 5960 Pitton Rd 3.6 km
Niagara Falls Museum It was founded by Thomas Barnett of Birmingham, En... 3.6 km
Niagara Whirlpool The whirlpool is located in the Niagara Gorge, dow... 3.6 km
Westlane Secondary School It serves the Lundy's Lane area, and is part of th... 3.6 km
Whirlpool Aero Car The system was designed by Spanish engineer Leonar... 3.7 km
Niagara Falls Memorial Arena It was built in 1950 and had a capacity of approxi... 3.8 km
Niagara Falls, Ontario It is located on the western bank of the Niagara R... 3.8 km
Saint David's Buried Gorge The ancient Saint David's River once flowed throug... 3.9 km
70 72 Waterloo Ave mortgage payment
Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 70 72 Waterloo Ave. The current price of the property is $3,555,000, and the mortgage rate being used for the calculation is 4.44%, which is a competitive rate offered by Ratehub.ca. Assuming a conventional mortgage with a 20% down payment, the total amount borrowed would be $2,844,000. This would result in a monthly mortgage payment of $16,624 over a 25-year amortization period.

Demographic Information

Neighbourhood Education

Master's degree 15
Bachelor's degree 55
Certificate of Qualification 15
College 75
Degree in medicine 10
University degree at bachelor level or above 65

Neighbourhood Marital Status Stat

Married 230
Widowed 25
Divorced 10
Separated 5
Never married 100
Living common law 20
Married or living common law 245
Not married and not living common law 140

Neighbourhood Construction Date

1961 to 1980 105
1960 or before 65
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