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Attention investors & Handymen! This is the only 5-Bedroom home on the market under $1,000,000! Great investment potential W/5 large bedrooms upstairs that would demand premium rents of $750 + utilities per room. Amazing opportunity to own the lowest price/sqft home in the entire downtown area! This is a solid 3-storey, red brick home W/fantastic bones. All of the mechanicals, windows, roof etc. have been recently updated & you can build an enormous amount of equity in this home by simply adding your cosmetic updates. Spend $100,000 in renos & this home will have immediately increased by $300,000! This home is one of the only true 3-storey homes that offer a full height 3rd floor! Living room W/solid hardwood floors, fireplace & huge window. Spacious dining room W/high baseboards & crown moulding. Kitchen features plenty of cupboard/counter space & 2 large windows overlooking the yard. Also offers a butlers pantry for additional storage & prep space. You can access upper floor from the kitchen or foyer using the adjoining staircase. Upstairs are 3 spacious bedrooms W/hardwood floors, large windows, high baseboards & closet space. There is a 4pc bath W/modern vanity & shower/tub. On 3rd level you’ll find 2 additional bedrooms. One bedroom has 3pc ensuite while the other has large W/I closet. Another unique feature is it has a full bsmt W/8ft ceilings & separate back entrance. Currently the bsmt is unfinished but offers workshop, 3pc bath, laundry & storage space. Tons of potential to add additional living space or potential to earn additional income by adding bsmt apt! With the apartment you would be able to receive monthly rents in excess of $5,550+utilities! Amazing location just steps to downtown offering restaurants, entertainment, boutique shops, GO Station & more! On weekends you can browse the Farmers Market or catch a show at the Book Shelf or River Run Centre! Or relax in your private backyard offering a Tiki bar, perfect place to unwind after a long day!

5
beds

3
baths

2,030 Sq.Ft. LIVING AREA

Rahul Luthra

Rahul Luthra

Features & Amenities

Interior

  • total bedrooms5
  • Total bathrooms3
  • full bathrooms3
  • Laundry room In-Suite
  • APPLIANCES Water Heater Owned, Dryer, Refrigerator, Stove, Washer

Area & Lot

  • Status Sold
  • Living Area2,030 Sq.Ft.
  • MLS® ID40337900
  • TypeResidential
  • YEAR BUILT1919
  • Architecture Styles2 5 Storey

Exterior

  • water SourceMunicipal
  • roofAsphalt Shing
  • lot featuresUrban, Rectangular, City Lot, Hospital, Library, Park, Place of Worship, Playground Nearby, Public Transit, School Bus Route, Schools, Shopping Nearby
  • parkingGravel
  • HEAT TYPEForced Air, Natural Gas
  • AIR CONDITIONINGNone
  • sewerSewer (Municipal)
  • SubstructureBrick

Financial

  • Sales Price$792,000 CAD
  • Real Estate Tax $5,185 CAD/yr
  • Zoning R.1B

Work With Rahul

Serving Guelph, Puslinch, Fergus, Elora, Waterloo, Kitchener, Cambridge, and surrounding areas.

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