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$774,900
Est. payment /mo
4 Beds
2 Baths
UPDATED:
12/09/2024 08:03 PM
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
MLS Listing ID X11886891
Style 1 1/2 Storey
Bedrooms 4
Annual Tax Amount $4,447
Tax Year 2024
Property Description
Welcome to 48 Alma St S, a legal 2-unit property with the potential for a 3rd unit that offers an incredible investment opportunity in Guelph's sought-after Junction neighbourhood! Perfect for first-time buyers looking to break into the market, live in the beautifully renovated main floor unit while enjoying the benefit of having a significant portion of your mortgage covered. Alternatively, this property is an investor's dream, with the potential to convert into a 3-unit home that promises exceptional cash flow. The main floor unit has been completely renovated, featuring bright living and dining areas with laminate floors and oversized windows that fill the space with natural light. The modern eat-in kitchen boasts crisp white cabinetry, quartz countertops and lovely backsplash. 2 spacious bedrooms with hardwood floors and 4-piece bathroom with a tiled shower/tub complete the main floor. Sliding doors open to a private, tree-lined backyard, offering a peaceful outdoor retreat. The second unit, accessed by exterior stairs, is a self-contained space with its own kitchen, living room, 2 bedrooms and a full bathroom. There is a balcony providing private outdoor space! The unfinished basement is framed and pre-wired for a 2-bedroom apartment with a separate entrance and shared laundry. With minimal work, it could become a fully functional 3rd unit, dramatically boosting the property's rental income potential! Located steps from Fixed Gear Brewing Co. and a short walk to Howitt Park, the property is surrounded by local amenities. Its also just minutes from the Hanlon Parkway for easy access to Highway 401 and close to downtown Guelph, offering restaurants, boutique shops, nightlife and the GO Station. Whether you're looking to live in one unit and rent the others or create a fully income-generating triplex, this property is a rare chance to capitalize on a high-demand rental market!
Location
Province ON
County Wellington
Community Central West
Area Wellington
Zoning R1B
Region Central West
City Region Central West
Rooms
Family Room No
Basement Separate Entrance, Partially Finished
Kitchen 2
Interior
Interior Features Accessory Apartment, In-Law Capability, Water Heater Owned
Cooling None
Inclusions Fridge x 2, Stove x 2, Coin Washer & Dryer.
Exterior
Parking Features Private Double
Garage Spaces 3.0
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 3
Building
Foundation Poured Concrete, Concrete Block
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Listed by RE/MAX Real Estate Centre Inc
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