Essex Street Location: Situated in the downtown core of Guelph, the property offers easy access to a variety of amenities, making it attractive to potential tenants or buyers. Unit Composition: With three 1-bedroom units and one 2-bedroom unit, the property caters to different tenant needs, appealing to both individuals and small families. Utilities: Separate hydro meters and natural gas wall furnaces for each unit provide tenants with autonomy over their utility usage and ensure efficient heating. Parking: The provision of four parking spaces to the rear of the building adds value and convenience for tenants, especially in a downtown area where parking can be scarce. Appliances: Including fridges, stoves, with each unit minimizes the initial investment needed by tenants and ensures they have essential appliances from day one. The mention of two vacant units presents an opportunity for potential buyers to immediately generate income upon acquisition or for an owner-occupier to move in while still earning rental income from other units. The projected rental income provided for the vacant units gives potential buyers a clear idea of the revenue-generating potential of the property. Overall, this property seems like an excellent investment opportunity, offering both immediate rental income and long-term potential for capital appreciation in a prime downtown location. (id:27476)
