Property Description
SOLD!
23-142 York Road is a fantastic opportunity to own a 5-bedroom, 3-bathroom investment property with a prime central location! It is VERY RARE to find a 5-bedroom investment property at such an affordable price. This complex is very popular among University of Guelph students, making it the perfect opportunity for savvy investors or parents of one of the students! U of G students are typically paying $850 – $1,000 per room. Potential rents for this unit are over $4,500, which would generate approximately $1,000 in positive cash flow each. Or if you’re purchasing for your son or daughter to live in, they can live rent-free, while you build equity!
It is less than a 20-minute walk to the University. It is also within walking distance of all the amenities downtown offers, such as great restaurants, boutique shops, charming bakeries, nightlife & much more! With its close proximity to the GoStation & ongoing redevelopment, this up-and-coming neighbourhood is an excellent option for investors!
The main floor features an open-concept kitchen and living/dining room. Upstairs you’ll find two bedrooms with large windows, a four piece bathroom & a balcony. The perfect place to enjoy your morning coffee!
Up a few more stairs, there are two additional bedrooms and another four-piece bathroom.
The finished basement offers a 5th bedroom & 2 piece bathroom.
Plenty of beautiful walking trails along the River nearby! Walk into downtown Guelph with lots of restaurants, bars, and stores. Close to the grocery store, LCBO and public transportation. It comes with one parking spot, but you don’t even need a car with this great location!
*Two Bedroom Photos Have Been Virtually Staged*
About The Neighbourhood
The Lifestyle
Commuter Approved
Hipster
Investment Potential
The St. Patrick’s Ward neighbourhood is a favourite among commuters who will love being close to local transit, GO Transit, and the VIA Rail. The neighbourhood has also experienced many recent community developments that have enticed many new residents to the area, including investors. The Eramosa River and Eramosa River Trail cut through this popular community, making St. Patrick’s Ward the perfect place to settle for people who prefer to be close to nature. The trail runs 2.3 km and is perfect for invigorating riverside activities or enjoying a relaxing walk through the neighbourhood.
