ON > Guelph > Dovercliffe Park-Old University
Guelph, ON N1G 1X3,220 Gordon ST W
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Fawad Nissari

Fawad Nissari

eXp Realty

+1(416) 878-1085
$ 6,900,000
Est. payment | /mo

21,851 SqFt

Save
$ 6,900,000
Est. payment | /mo
Save

21,851 SqFt

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 21,851 sqft

Price per Sqft $315

Subdivision Dovercliffe Park/Old University

MLS Listing ID X12240626

Annual Tax Amount $34,091

Tax Year 2024

Property Sub-Type Investment

Property Description

Opportunity to acquire one turn-key walk-up apartment building just minutes from the University of Guelph, ideally positioned to benefit from the city's growing student and young professional rental demand. This 21-unit building has been professionally managed and well maintained, offering a passive investment opportunity with no immediate capital expenditures forecasted in the near or medium term. The property provides strong in-place income and consistent turnover, enabling rents to be brought to market annually in line with the academic calendar. The building presents further upside through the potential to implement a by-the-bed leasing strategy tailored to the student demographic. The stabilized net operating income is approximately $279,061. Property Summary: Lot Size: 21,850.72Frontage: 160 ft Depth: 136.12 ft Taxes (2024): $34091.82

Location

Province ON

County Wellington

Community Dovercliffe Park/Old University

Area Wellington

Zoning R1B

Interior

Cooling Yes

Exterior

Utilities Available Yes

Lot Frontage 160.0

Lot Depth 136.12

Others

Security Features No

Listed by CUSHMAN & WAKEFIELD
agent-avatar

When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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220 Gordon ST W

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