220 Gordon Street, Guelph, ON Image 1

$6,900,000

Investment For Sale
MLS - #X12240626
Jun 23- By CUSHMAN & WAKEFIELD

220 Gordon Street, Guelph, ON N1G 1X3

Bed
Bath
21851 Sqft.
Other Garage

Property Description

Property type

Investment

Lot size

N/A

Style

Approx. Area

21851 Sqft

About 220 Gordon Street

Opportunity to acquire one turn-key walk-up apartment building just minutes from the University of Guelph, ideally positioned to benefit from the city's growing student and young professional rental demand. This 21-unit building has been professionally managed and well maintained, offering a passive investment opportunity with no immediate capital expenditures forecasted in the near or medium term. The property provides strong in-place income and consistent turnover, enabling rents to be brought to market annually in line with the academic calendar. The building presents further upside through the potential to implement a by-the-bed leasing strategy tailored to the student demographic. The stabilized net operating income is approximately $279,061. Property Summary: Lot Size: 21,850.72Frontage: 160 ft Depth: 136.12 ft Taxes (2024): $34091.82

Home Overview

Last updated

Jun 23

Virtual tour

None

Basement information

Building size

21851

Status

In-Active

Property sub type

Investment

Maintenance fee

$N/A

Year built

2024

Additional Details

Basement:N/A
Cooling:Yes
Heating:Water Radiators
Parking Features:N/A
0
Similar Homes Found
$0
Average Price
690000000.0%
Higher than average

Price Comparison

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Walk Score for 220 Gordon Street

Sales Representative

Angela Yang

Sales Representative, ANCHOR NEW HOMES INC.

English, Mandarin
Residential ResaleProperty ManagementPre Construction

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