$1,499,000
Available - For Sale
Listing ID: X12055152
486 College Aven West , Guelph, N1G 1T5, Wellington
| This amazing property, located on College Avenue W., in the heart of Guelph, measures 100ft x 150ft. It is situated in a prime location and offers a great opportunity for both investors and homeowners. This 3,279.01 sf BUNGALOW with a legal accessory basement apartment is situated on a beautiful piece of land, with convenient access to Hwy 6. Currently, leased to Students. We kindly request that their privacy and study time be respected by all visitors. The property has space for 6+ cars and is a profitable investment with significant rental income that can assist in covering the mortgage costs while increasing the potential purchaser's equity. Moreover, there is potential to build additional living spaces due to the ample available space. The zoning allows for the property to be divided into two (2) x 50' lots AS IDENTIFIED IN PLANS AND CITY COMMENTS ARE AVAILABLE. The property is fully serviced with all municipal services. The lot severance based on city staff comments meets all the zoning and intensification requirements. Now's the time for developers, builders, investors, and homeowners with a dream to seize this golden opportunity for this development in a sought-after area with schools, parks, and conveniences nearby. FOR POTENTIAL HOMEOWNERS The upper floor boasts a large renovated kitchen, a laundry room, 3 updated bedrooms, 2 bathrooms, and stunning views from almost every window. The renovated basement offers even more living space with upgraded windows, high ceilings, a spacious recreational area, and a renovated 3-piece bath. Located near the University of Guelph, top-rated schools, shopping centers, and major highways, this property offers a prime setting for future homeowners who value both comfort and convenience. It includes a legal self-contained unit and a basement suite, creating strong rental income to help pay the mortgage. The property is being sold "As Is Where Is" and the agents and vendor make no representations or warranties |
| Price | $1,499,000 |
| Taxes: | $7033.00 |
| Tax Type: | Annual |
| Occupancy by: | Vacant |
| Address: | 486 College Aven West , Guelph, N1G 1T5, Wellington |
| Postal Code: | N1G 1T5 |
| Province/State: | Wellington |
| Legal Description: | LOT 9, PLAN 475; GUELPH |
| Directions/Cross Streets: | Devere Drive |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 2 To 5 Units |
| Building Percentage: | T |
| Total Area: | 3279.01 |
| Total Area Code: | Square Feet |
| Washrooms: | 1 |
| Heat Type: | Electric Forced Air |
| Central Air Conditioning: | Yes |
| Sewers: | Sanitary+Storm |
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| AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP |
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416-828-2535
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At a Glance:
| Type: | Com - Investment |
| Area: | Wellington |
| Municipality: | Guelph |
| Neighbourhood: | Dovercliffe Park/Old University |
| Tax: | $7,033 |
| Baths: | 1 |
| Fireplace: | N |
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