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STAN KHURANA
Sales Representative


Cell: 647-383-6000
Office: 905-883-1988
Fax: 905-883-8108

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CENTURY 21 ATRIA REALTY INC., BROKERAGE
Independently owned and operated.
C200-1550 Sixteenth Ave Bldg C Richmond Hill, ON L4B3K9


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$850,000
Available - For Sale
Listing ID: X13727156
Welcome to 10 Ontario Street! This property holds immense current and future value! Let's start with its current value. This is a legal 2-unit, 7-bedroom duplex offering $6195 per month in rental income, or $74,340 annually. The main floor and basement are one unit with 5 bedrooms, and the second level is a separate, self-contained 2-bedroom unit completely detached from the lower unit and accessed via the rear deck and staircase. The lower and upper units rent for $3995 and $2200 per month, respectively. With owner's expenses last year at approximately $16,379 (gas $1802, hydro/water $4134, internet $959, insurance $2873, taxes $6611), leaving $57,961 after owner expenses, there is ample room left to cover mortgage expense and management costs. But that's not all! This property also has a city-approved, conditional severance in place and is at the stage where a new buyer could take over, fulfill the conditions of severance, and have two fully separated lots, allowing for a sale of the second lot to recapture some capital, or to retain the lot and build another multiplex. With stabilized revenue in place, this investment can carry itself while a new owner completes the lot severance and sale or plans their new build. Either way, this is an exceptional opportunity for the savvy investor. Get in touch with your realtor and book your private showing today!
Price $850,000
Taxes: $6,231
Occupancy by: Tenant
Address: 10 Ontario Street , Guelph, N1E 3B1, Wellington
Directions/Cross Streets: Neeve/Ontario
Rooms: 8
Rooms +: 3
Bedrooms: 4
Bedrooms +: 3
Washrooms: 3
Family Room: F
Basement: Full
Finished wit
No. of Pieces Level
Washroom 1:  4 Second
Washroom 2:  4 Main
Washroom 3:  3 Basement
Washroom 4:  0
Washroom 5:  0
Washroom 6:  4 Second
Washroom 7:  4 Main
Washroom 8:  3 Basement
Washroom 9:  0
Washroom 10:  0
Washroom 11:  4 Second
Washroom 12:  4 Main
Washroom 13:  3 Basement
Washroom 14:  0
Washroom 15:  0
Washroom 16:  4 Second
Washroom 17:  4 Main
Washroom 18:  3 Basement
Washroom 19:  0
Washroom 20:  0
Property Type: Duplex
Style: 2-Storey
Exterior: Brick
Garage Type: Detached
(Parking/)Drive: Private Do
Drive Parking Spaces: 2
Park #1
Parking Type: Private Do
Park #2
Parking Type: Private Do
Pool: None
Approximatly Age: 100+
Approximatly Square Footage: 1500-2000
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Radiant
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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Asking Price: $ Heating: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
Bosley Real Estate Ltd.

10 Ontario Street , Guelph, N1E 3B1, Wellington

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Stan Khurana
Sales Representative
Dir:
6473836000
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905-883-1988

 
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At a Glance:
Type: Freehold - Duplex
Area: Wellington
Municipality: Guelph
Neighbourhood: St. Patrick's Ward
Style: 2-Storey
Lot Size: x 100.10(Feet)
Approximate Age: 100+
Tax: $6,231
Maintenance Fee: $0
Beds: 4+3
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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