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Home ON Greater Guelph Guelph Kortright Hills
486 COLLEGE AVENUE W
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486 COLLEGE AVENUE W $1,499,000
$1,499,000
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486 COLLEGE AVENUE W
Guelph (Dovercliffe Park/Old University), Ontario N1G1T5

MLS® Number: X12055152
6
Bedrooms
3
Bathrooms
3279
Square Feet

Listing Description

This prime property on College Avenue W. in Guelph measures 100ft x 150ft and offers a great opportunity for investors and homeowners. The 3,279.01 sf bungalow includes a legal accessory basement apartment and is conveniently accessible to Hwy 6. Currently leased to students, visitors are requested to respect their privacy and study time. The property accommodates 6+ cars and generates significant rental income, aiding in mortgage costs and increasing equity. With ample space, there's potential for additional living areas. Zoning allows division into two 50' lots, as identified in plans and city comments. Fully serviced with municipal utilities, the lot severance meets all zoning and intensification requirements. Ideal for developers, builders, investors, and homeowners, this sought-after area is near schools, parks, and conveniences. The upper floor features a renovated kitchen, laundry room, 3 updated bedrooms, 2 bathrooms, and stunning views. The renovated basement offers upgraded windows, high ceilings, a spacious recreational area, and a 3-piece bath. Close to the University of Guelph, top-rated schools, shopping centers, and major highways, this property is perfect for future homeowners valuing comfort and convenience. It includes a legal self-contained unit and basement suite, generating strong rental income to assist with mortgage payments. The property is sold "As Is Where Is," with no representations or warranties from agents or the vendor. (40159812)

Location Description

Devere Drive

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Square Footage
3279 sqft
Community Name
Dovercliffe Park/Old University
Land Size
100 x 150 FT
Annual Property Taxes
$7,033
Total Parking Spaces
6
Time on REALTOR.ca
23 days

Building

Bathrooms
Total
3
Interior Features
Appliances Included
Dishwasher, Dryer, Freezer, Oven, Range, Washer, Refrigerator
Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Forced air (Electric)
Utilities
Water
Municipal water
Business
Business Type
Residential (Apartments)
Parking
Total Parking Spaces
6

Measurements

Square Footage
3279 sqft

Land

Lot Features
Frontage
100 ft
Land Depth
150 ft
Other Property Information
Zoning Description
RL.1
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1

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