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$999,900 total
—
Asset Class
Multifamily
Size
—
Building class
B
Zoning
RA8 — Medium Rise
$ / SF
—
Occupancy
87%
Own a piece of Guelph's history in the heart of The Ward. Built in 1895, 86/88 Alice Street has the charm and character you only find in a home that has been part of the neighbourhood for generations. Today, it offers two side-by-side residences, with 88 Alice vacant and 86 Alice currently tenanted, creating flexibility from the moment you take ownership. Recent improvements, including a new roof and air conditioning in 2026, add even more value to this unique property. But the real story here is the opportunity. Significant preliminary work has already been completed toward a severance, opening the door for a future owner to explore creating two separate properties. An Additional Dwelling Unit may also be an option, subject to City approvals and applicable requirements, with municipal incentive programs available for eligible ADU projects. Keep it as an investment. Live in one side and rent the other. Explore the severance. Consider an ADU. The opportunity is open, and the next chapter is yours to write. All of this just minutes from downtown, trails, parks and everything that makes The Ward such a special part of Guelph. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$5K
Projected NOI
$37K
Annual cash flow
$-18K
Cash-on-cash
-6.05%
DSCR
0.67
Going-in cap
3.73%
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.
Trade area within 3 miles of the property.
Population
63,743
Households
25,127
Median income
$76,000
Median age
40.9
Daytime population
85,207
5-yr growth
1.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 86 ALICE STREET, Guelph (St. Patrick's Ward).
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.