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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 (St. George's), Ontario N1E4P5

MLS® Number: X12328667
10
Bedrooms
7
Bathrooms
5000 - 100000
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 (41027501)

Location Description

Eramosa Rd

Property Summary

Property Type
Multi-family
Building Type
Other
Storeys
2
Square Footage
5000 - 100000 sqft
Community Name
St. George's
Land Size
38.3 x 250 FT|1/2 - 1.99 acres
Age Of Building
100+ years
Annual Property Taxes
$15,570.38
Parking Type
No Garage
Time on REALTOR.ca
130 days

Building

Bedrooms
Above Grade
10
Bathrooms
Total
7
Interior Features
Appliances Included
Water softener, All, Furniture
Basement Features
Walk out
Basement Type
Finished
Building Features
Features
Irregular lot size
Foundation Type
Stone
Heating & Cooling
Cooling
Wall unit
Heating Type
Other
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Stucco
Neighbourhood Features
Community Features
Community Centre
Amenities Nearby
Hospital, Park, Public Transit, Schools
Parking
Parking Type
No Garage
Total Parking Spaces
11

Measurements

Square Footage
5000 - 100000 sqft

Land

Lot Features
Frontage
38 ft ,3 in
Land Depth
250 ft
Other Property Information
Zoning Description
R1B
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