486 College AVE W Active Save Request In-Person Tour Request Virtual Tour
Guelph,ON N1G 1T5
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 3,279 sqft
Price per Sqft $457
Subdivision Dovercliffe Park/Old University
MLS Listing ID X12055152
Annual Tax Amount $7,033
Tax Year 2024
Property Sub-Type Investment
Property Description
This prime property on College Avenue W. in Guelph measures 100ft x 150ft and offers a great opportunity for investors and homeowners. The 3,279.01 sf bungalow includes a legal accessory basement apartment and is conveniently accessible to Hwy 6. Currently leased to students, visitors are requested to respect their privacy and study time. The property accommodates 6+ cars and generates significant rental income, aiding in mortgage costs and increasing equity. With ample space, there's potential for additional living areas. Zoning allows division into two 50' lots, as identified in plans and city comments. Fully serviced with municipal utilities, the lot severance meets all zoning and intensification requirements. Ideal for developers, builders, investors, and homeowners, this sought-after area is near schools, parks, and conveniences. The upper floor features a renovated kitchen, laundry room, 3 updated bedrooms, 2 bathrooms, and stunning views. The renovated basement offers upgraded windows, high ceilings, a spacious recreational area, and a 3-piece bath. Close to the University of Guelph, top-rated schools, shopping centers, and major highways, this property is perfect for future homeowners valuing comfort and convenience. It includes a legal self-contained unit and basement suite, generating strong rental income to assist with mortgage payments. The property is sold "As Is Where Is," with no representations or warranties from agents or the vendor.
Location
Province ON
County Wellington
Community Dovercliffe Park/Old University
Area Wellington
Rooms
Kitchen 2
Interior
Cooling Yes
Exterior
Utilities Available Yes