17
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$850,000
Est. payment /mo
5 Beds
2 Baths
1,007 SqFt
Active
484 Speedvale AVE E Guelph, ON N1E 1P2
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 1,007 sqft
Price per Sqft $844
Subdivision Riverside Park
MLS Listing ID X12177438
Bedrooms 5
Annual Tax Amount $3,814
Tax Year 2024
Property Sub-Type Investment
Property Description
Don't miss this fantastic opportunity to own a legal duplex that offers incredible versatility and generates strong positive cash flow. Net income is over $4800 per month, situating this property at over 6.5% cap rate, making it an ideal addition to any investment portfolio! The main level boasts a spacious layout with 3 bedrooms and 1 full bathroom perfect for families or tenants. It also features a brand new washer and dryer unit for added convenience. The fully finished, legal basement has been newly renovated and offers incredible potential, featuring 2 spacious bedrooms and a versatile den that can easily be converted into a third bedroom or a home office, along with a full bathroom. It includes a brand new water tank, brand new appliances fridge, stove, washer, dryer, dishwasher, and microwave making it ideal for extended family, renters, or generating extra income. With a carport and 10 total parking spaces, this property is a rare gem. Conveniently located near schools, public transit, shopping, and parks, it's perfect for investors, multi-generational families, or anyone seeking flexibility and space in a thriving neighbourhood.
Location
State ON
County Wellington
Community Riverside Park
Area Wellington
Rooms
Kitchen 2
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 100.0
Lot Depth 59.0
Others
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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.