For Sale · Multifamily

183 ELIZABETH STREET, Guelph (St. Patrick's Ward)

183 ELIZABETH STREET, Guelph (St. Patrick's Ward), ON N1E2X5

$959,999 total

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

90%

About this property

Some homes you really need to see to appreciate - this is one of them! This impeccably renovated bungalow offers so much more than meets the eye. Situated on a massive lot in the heart of St. Patrick's Ward, you're just steps from amazing parks and shopping, with a quick walk to downtown. Thoughtfully redesigned from the outside in, this bright and spacious home has a super cool vibe throughout, featuring handmilled woodwork and a build that's been reimagined literally from the inside out.Offering 2,000 sq. ft. of living space, you'll find three bedrooms, including a generous primary suite with a 49 sq. ft. walk-in closet, a convenient 4-piece bathroom, and main-floor laundry. At the heart of the home, the kitchen blends modern style with everyday function, featuring custom knotty pine cabinetry, quartz countertops, ample storage, a large island, and an industrial-sized refrigerator. The cozy living room fireplace flows seamlessly into the dining room, creating the perfect space for everyday living and entertaining.Downstairs, the finished basement features a legal accessory apartment, currently rented for $1,800/month, including utilities, offering immediate rental income and excellent potential for multigenerational living. The apartment includes a bedroom, 4-piece bathroom, spacious kitchen, and den. Outside, a detached 800 sq. ft. workshop offers incredible versatility for hobbies, projects, storage, or a home-based business. Extensive renovations throughout, including updated insulation, drywall, flooring, custom doors and trim, and beautifully finished bathrooms and kitchen, provide added peace of mind. (id:66811)

Financial sandbox

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Estimate
Purchase price$960K
Down payment30% · $288K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$32K

Annual cash flow

$-21K

Cash-on-cash

-7.33%

DSCR

0.60

Going-in cap

3.34%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

73,693

Households

28,911

Median income

$97,000

Median age

33.5

Daytime population

82,781

5-yr growth

7.7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 183 ELIZABETH STREET, Guelph (St. Patrick's Ward).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.