ON > Guelph > St. George'S
Guelph, ON N1E 4P5,83 King ST
Guelph, ON N1E 4P5,83 King ST
Guelph, ON N1E 4P5,83 King ST
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$3,299,900
Est. payment /mo
10 Beds
7 Baths
0.5 Acres Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 +

Subdivision St. George'S

MLS Listing ID X12328667

Style 2-Storey

Bedrooms 10

Annual Tax Amount $15,570

Tax Year 2025

Lot Size 0.500 Acres

Property Sub-Type Multiplex

Lot Depth 250.0

Lot Front 38.3

Appx SqFt 5000 +

Property Description

RARE INVESTMENT OPPORTUNITY in heart of Guelph! Fully restored heritage estate offers 5 self-contained rental units on 1-acre lot making it a prime opportunity for investors seeking strong cash flow, potential to expand & option to live in luxury while earning income. W/ability to generate gross rents over $15,000/mth, vacant poss avail for setting market rents, W/strong potential to add 4-5 units at rear of property. 3D survey & prelim architectural plans have been completed & reviewed at City Hall W/positive feedback. Current application submitted for 5 units (in line W/CMHC priorities) though could be adapted to 4 if desired. This groundwork provides buyers W/confidence in immediate returns & future upside. Each unit blends historic character W/modern functionality. Unit 1: 3-bdrm, 2-bath perfect for owner seeking upscale living while living for free. GR W/crown moulding & bay window. Kitchen W/lots of cabinetry & centre island. Formal DR & sep FR for entertaining. Primary bdrm W/skylights & wall of closets. Garden doors open to deck. Renovated 3pc ensuite W/glass shower & floating vanity. 2 add'l bdrms & 4pc bath. Unit connects to fin bsmt W/its own entrance, office W/exposed stone walls, wine cellar, full kitchen & flex living space-ideal for 6th unit or expanded personal use. Unit 2: 2-bdrm & 2-bath, LR W/fireplace & crown moulding. DR with B/I display nook & kitchen W/sleek cabinetry, S/S appliances, access to washer/dryer & side ent. Both bathrooms have W/I glass showers. Units 3 & 4: 2-bdrm 1-bath has charm W/modern updates. Unit 3: floor-to-ceiling windows, brick accent wall & 2-toned kitchen W/in-suite laundry. Unit 4: open-concept layout & fireplace in primary bdrm. Both have 3pc bath with W/I glass showers. Unit 5: 1-bdrm 1-bath W/open-concept living & dining, kitchen with S/S appliances, bdrm & modern 3pc bath. Interlocking brick patios & stone paths lead to outdoor seating area & kitchen. Steps from downtown & walkable to shops, dining, transit &parks

Location

Province ON

County Wellington

Community St. George'S

Area Wellington

Zoning R1B

Rooms

Family Room No

Basement Finished, Walk-Out

Kitchen 6

Interior

Interior Features Water Softener

Cooling Wall Unit(s)

Inclusions All Furniture in Units 2, 3, 4 & 5, All Appliances in All Units.

Exterior

Parking Features Private

Pool None

Roof Type Asphalt Shingle

Lot Frontage 38.3

Lot Depth 250.0

Total Parking Spaces 11

Building

Building Age 100+

Foundation Stone

Others

Senior Community No

ParcelsYN No

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Listed by RE/MAX Real Estate Centre Inc

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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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