77 ERIE Street S , Ridgetown

2 Bed / 10 Bath / $1,200,000 / MLS® Listing #:40233867

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The ultimate house hack! Located near the University of Guelph, Ridgetown Campus, which has one of the best Vet Tech programs in the province, this property features 2 buildings (one bungalow and a larger building featuring 8 bachelor apartments, one room and a 2 bedroom unit) and can garner the new owner almost completely new/market rents. Great numbers as an investment or could be a great house hack as the owner can live in the 2 bedroom bungalow and self property manage (additional rooms in the basement), while your tenants in the additional building pay the bills. Potential CAP rates exceed 6% at full rental potential. Currently used as a student rental, this property could also make a great long-term rental or new owners could explore options such as focusing on retirees. This property is turn key! Current tenant in the bungalow also property manages and would love to stay (she is great!) (id:10452)

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Property Details

Property Type Multi-family
Square Feet 3792.0000
Maintenance N/A
Days On Our Website 22
Basement Unfinished - Crawl space (Unfinished)
Kitchens
Lot Dimensions 1/2 - 1.99 acres
Pool N/A
Area Ridgetown
Air Conditioning Central air conditioning
Heating - Forced air
Exterior Aluminum siding, Brick
Parking Spaces 20
Sewers Municipal sewage system
Water Municipal water

Listing Office: THE REALTY FIRM PRESTIGE BROKERAGE INC.



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