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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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