For Sale · Land

39 MENZIE AVENUE, Guelph (St. Patrick's Ward)

39 MENZIE AVENUE, Guelph (St. Patrick's Ward), ON N1E5X8

$549,000 total

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Asset Class

Land

Size

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Building class

B

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

97%

About this property

Prime serviced residential lot located in Guelph's highly desirable St. Patrick's Ward, offering exceptional potential for builders, developers, investors, or those looking to create a custom home. This unique property presents the opportunity to either create two residential lots, build a substantial custom home on an oversized double lot, or explore the development of multi-unit income properties (all subject to municipal approvals).The existing home may be partially demolished, and potential development credits may be available. HST is included in the purchase price. Ideally situated just minutes from downtown Guelph, parks, schools, public transit, and everyday amenities, this is a rare opportunity to secure a property with outstanding flexibility in one of the city's fastest-growing neighborhoods. Buyers are encouraged to complete their own due diligence regarding zoning, severance, permits, development charges, and all future development potential. (id:66811)

Financial sandbox

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Estimate
Purchase price$549K
Down payment30% · $165K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$21K

Annual cash flow

$-9K

Cash-on-cash

-5.44%

DSCR

0.71

Going-in cap

3.91%

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

114,760

Households

50,745

Median income

$87,000

Median age

41.9

Daytime population

147,842

5-yr growth

4.6%

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

Secure deal room

Confidential diligence documents for 39 MENZIE AVENUE, 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.