537 EDINBURGH Road S , Guelph

5 Bed / 2 Bath / $574,900 / MLS® Listing #:40042853

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It will be easy to get your steps in living in this home because it is WALKING DISTANCE to ALMOST EVERYWHERE you want to be. ONE BLOCK to UNIVERSITY CAMPUS, Mere STEPS to STONE ROAD MALL, GROCERY STORES, LCBO and RESTAURANTS. Access to all arteries getting you anywhere in the city, KITCHENER/WATERLOO and the AIRPORT by car or get the BUS OUT THE FRONT DOOR. Currently used as a STUDENT RENTAL HOUSE, it is ALWAYS RENTED due its PRIME LOCATION. Leased until end of APRIL 2021 for $2700 + UTILITIES this is a GREAT INVESTMENT FOR YOUR PORTFOLIO, particularly if you have a STUDENT ATTENDING UNIVERSITY. Your student can LIVE FOR FREE and have their choice of ROOMIES PAY DOWN THE MORTGAGE. Stay for 4 years then decide to hold or move on. Current GROSS INCOME is $32,400. TAXES ~ $3500, HWT ~ $400, this investment offers an approximate current NOI of $28,500, CAP RATE of 4.95%. GUELPH RECENTLY RANKED IN THE TOP 3 CITIES IN CANADA TO PURCHASE REAL ESTATE; why not buy an INVESTMENT PROPERTY or simply MOVE YOUR FAMILY to our amazing city and see why it continually ranks in the TOP PLACES IN CANADA TO LIVE. (id:10452)

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Property Details

Property Type House
Square Feet 1308.0000
Maintenance N/A
Days On Our Website 14
Basement Finished - Full (Finished)
Kitchens 1
Lot Dimensions under 1/2 acre
Pool N/A
Area Guelph
Air Conditioning Wall unit
Heating Electric
Exterior Brick, Vinyl siding
Parking Spaces 3
Parking Type Attached Garage,Attached Garage
Sewers Municipal sewage system
Water Municipal water

Listing Office: ROYAL LEPAGE ROYAL CITY REALTY BROKERAGE



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