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Est. payment /mo
5 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision Exhibition Park
MLS Listing ID X13634834
Style 3-Storey
Bedrooms 5
Annual Tax Amount $6,022
Tax Year 2026
Property Sub-Type Triplex
Property Description
Perfectly positioned steps from downtown Guelph, this century triplex puts Exhibition Park, cafés, restaurants, boutique shopping and the Farmers' Market within easy walking distance, with the bus route right at the door. Locations with this level of walkability attract quality tenants and hold long-term rental demand. Three fully self-contained residential units, blending timeless architectural character with dependable income. Two are tenanted and the third sits vacant, so market rent is yours to set. Fully leased, projected gross rent is close to $70,000 a year providing a 5.9% CAP rate. Zoned MOC, Mixed Office/Commercial, which permits a broader range of residential and commercial uses than the current three units. This is a well-maintained century building. An electrical rewire was done in 2015 with permits, individual panels and meters per unit & interconnected smoke/CO2. Main sewer plumbing was replaced to the street in 2021. Furnace 2025. Front porch floor rebuilt and exterior painted in 2022.A strong addition to an established portfolio, and an equally strong first step for a buyer who wants to live in one unit and let the other two help carry the mortgage. The 2-bedroom main floor unit boasts original hardwood flooring, rich wood trim and stunning original pocket doors separating the living and dining rooms, the kind of craftsmanship that simply can't be replicated, plus a kitchen renovated in 2015. The second-floor unit offers two bedrooms, hardwood flooring, a flexible living room or den, four-piece bathroom, 2015 kitchen, and finished living space added in 2023. The third-floor suite is a bright one-bedroom with a cozy gas fireplace, galley kitchen, three-piece bathroom renovated in 2015 and a private balcony. Driveways on both sides, a deep backyard with full access for all three units, and shared laundry on the main floor. Leases, invoices and the full improvement list available on request.
Location
Province ON
County Wellington
Area Wellington
Zoning MOC(H12)
Rooms
Family Room Yes
Basement Unfinished
Kitchen 3
Interior
Interior Features None
Cooling None
Inclusions Appliances; Light Fixtures
Exterior
Exterior Feature Porch
Parking Features Private, Private Double, Available
Pool None
Roof Type Asphalt Shingle
Lot Frontage 53.58
Lot Depth 139.75
Total Parking Spaces 4
Building
Building Age 100+
Foundation Unknown
Others
Senior Community No
ParcelsYN No
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Listed by RE/MAX Escarpment Realty Inc., Brokerage
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