150-152 Waterloo Avenue

Property Description

House for sale in Guelph located in 150-152 Waterloo Avenue , Ontario, N1H3J1, Canada. This House have 5 bedrooms and 4 bathrooms. This property listing building style is Detached-Bungalow. For all the rest of the information we have about this property in Guelph , see above.

LOCATION. LOCATION. LOCATION! This one is perfectly positioned and provides several courses of action for the future! Less than 1 km. from the Farmers' Market and City Hall, this property has never had a vacancy during the current ownership, even when the landlord was given short notice. If you're looking for a development opportunity with a great cash flow while you're getting your future plans fianlized, this one generates a cap rate (return on total capital employed including allowances for ongoing maintenance [5% of gross rent] and management [4% of gross rent]) of 5.33% and an annual positive cash flow return based on the total outlay (20% down payment, Ontario Land Transfer Tax and projected legal fees) of 7.11%. Where else can you find such a great investment But the real kicker is the value of the land, estimated to be close to the asking price ($9000/frontage foot when fully serviced). The property is fully rented with income of $4015/month. Tenants are aware that the property is on the market, and the leases have been structured so the property can be sold purely as an investment property or as just the land available for redevelopment. The property can be purchased as an owner occupied investment with some income, but for most such buyers it will require considerable renovation. Must have at least 24 hours' notice for all showings!