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Home ON Greater Guelph Wellington County Guelph Downtown
83 KING Street
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83 KING Street $3,299,900
$3,299,900
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83 KING Street
Guelph, Ontario N1E4P5

MLS® Number: 40755047
10
Bedrooms
7
Bathrooms
6700
Square Feet

Listing Description

RARE INVESTMENT OPPORTUNITY in heart of Guelph! Fully restored heritage estate offers 5 self-contained rental units on 1-acre lot making it a prime opportunity for investors seeking strong cash flow, potential to expand & option to live in luxury while earning income. W/ability to generate gross rents over $15,000/mth, vacant poss avail for setting market rents, W/strong potential to add 4–5 units at rear of property. 3D survey & prelim architectural plans have been completed & reviewed at City Hall W/positive feedback. Current application submitted for 5 units (in line W/CMHC priorities) though could be adapted to 4 if desired. This groundwork provides buyers W/confidence in immediate returns & future upside. Each unit blends historic character W/modern functionality. Unit 1: 3-bdrm, 2-bath perfect for owner seeking upscale living while living for free. GR W/crown moulding & bay window. Kitchen W/lots of cabinetry & centre island. Formal DR & sep FR for entertaining. Primary bdrm W/skylights & wall of closets. Garden doors open to deck. Renovated 3pc ensuite W/glass shower & floating vanity. 2 add'l bdrms & 4pc bath. Unit connects to fin bsmt W/its own entrance, office W/exposed stone walls, wine cellar, full kitchen & flex living space—ideal for 6th unit or expanded personal use. Unit 2: 2-bdrm & 2-bath, LR W/fireplace & crown moulding. DR with B/I display nook & kitchen W/sleek cabinetry, S/S appliances, access to washer/dryer & side ent. Both bathrooms have W/I glass showers. Units 3 & 4: 2-bdrm 1-bath has charm W/modern updates. Unit 3: floor-to-ceiling windows, brick accent wall & 2-toned kitchen W/in-suite laundry. Unit 4: open-concept layout & fireplace in primary bdrm. Both have 3pc bath with W/I glass showers. Unit 5: 1-bdrm 1-bath W/open-concept living & dining, kitchen with S/S appliances, bdrm & modern 3pc bath. Interlocking brick patios & stone paths lead to outdoor seating area & kitchen. Steps from downtown & walkable to shops, dining, transit &parks (69453604)

Location Description

Eramosa Rd

Property Summary

Property Type
Multi-family
Storeys
2
Square Footage
6700 sqft
Subdivision Name
4 - St. George's
Title
Freehold
Land Size
1/2 - 1.99 acres
Built in
1880
Annual Property Taxes
$15,570.38
Total Parking Spaces
11
Time on REALTOR.ca
131 days

Building

Bathrooms
Total
7
Interior Features
Appliances Included
Oven - Built-In, Water softener
Basement Type
Full (Finished)
Building Features
Features
Paved driveway, Skylight
Foundation Type
Stone
Structures
Shed
Total Units
6
Heating & Cooling
Cooling
Wall unit
Heating Type
Other
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Stucco
Neighbourhood Features
Community Features
School Bus
Amenities Nearby
Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Parking
Total Parking Spaces
11

Measurements

Square Footage
6700 sqft
Above Grade Finished
6700 sqft
Source: Other

Land

Lot Features
Frontage
38 ft
Other Property Information
Zoning Description
R1B
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226-790-1466
519-623-3541

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