REDUCED TO SELL! 9.89% Cap Rate. A piece of downtown Guelph can now be yours. With over $200,000 in renovations over the past few years, there is nothing left for you to do except earn money and appreciation. This is a perfect turn key operation. With leases in place including built in rental increases and great tenants, what else could you want? All utilities are paid by the tenants. What about an assumable mortgage on a balance of approximately $335,000, at a 5% annual interest rate? The Vender will consider holding a second mortgage.
Downtown Guelph is a growing City centre with strategic plans to develope the downtown core. A transit hub linking Waterloo and Guelph to Union Station and the GTA is currently being planned and work is set to start soon. Take advantage of the timing. Here are a few facts about the City of Guelph:
- One of Canada’s fastest growing cities with a population base of over 120,000
- Part of one of Ontario’s strongest economic regions, offering easy entry to major Canadian and U.S. markets and customers
- Competitive land and building development and business operating costs
- Variety of available employment lands and buildings to meet most business needs
- Fully interconnected and scalable telecommunication network and services
- Diverse economic base including the advanced manufacturing sector and expanding life sciences and environmental technologies clusters
- Well educated and skilled workforce, with access to research facilities and graduates from 15 major Canadian post-secondary institutions within 100km
- Excellent highway, rail and air transportation networks available, including Toronto (Pearson) International Airport within an hour’s drive
For more information about City Plans or Economic Updates visit: City of Guelph
Building Information:
Units: 2 commercial units and 3 residential units (1 three bedroom, 2 two bedrooms)
Upgrades: New kitchen in restaurant, sleek modern design, hardwood floors in apartments, owned walk-in refrigerator (restaurant pays maintenance costs), great location near St. Georges Square.
Property Details:
Address: 20 Wyndham
City: Guelph
Province: Ontario
Postal Code: N1H 4E5
Sub Area: Sub 2
Bus Route: Down Town Hub
High School: n/a
Public School: n/a
Square Feet: 4850
Bedrooms: n/a
Bathrooms: n/a
Basement (full, 1/2, finished, unfinished): Storage and Freezer Room
Garage: n/a
Distance From University: 3.1 Km
Financials:
Income: Expenses:
Laundry Income: $2,400
Parking Income: n/a
Other Income: n/a
Net Income: 53,965
Cap Rate: 9.89
Taxes: $9,900.00
Utilities: 1535
Insurance: 1800
Management: n/a
Maintenance: n/a
Other Expenses: n/a
Map:
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