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$6,900,000
For Sale
220 Gordon Street W, Guelph, ON N1G 1X3
Guelph, ON N1G 1X3
Property Sub Type
Investment
Property Type
Commercial
Property Use
Apartment
Opportunity to acquire one turn-key walk-up apartment building just minutes from the University of Guelph, ideally positioned to benefit from the city's growing student and young professional rental demand. This 21-unit building has been professionally managed and well maintained, offering a passive investment opportunity with no immediate capital expenditures forecasted in the near or medium term. The property provides strong in-place income and consistent turnover, enabling rents to be brought to market annually in line with the academic calendar. The building presents further upside through the potential to implement a by-the-bed leasing strategy tailored to the student demographic. The stabilized net operating income is approximately $279,061. Property Summary: Lot Size: 21,850.72Frontage: 160 ft Depth: 136.12 ft Taxes (2024): $34091.82
