10 Ontario ST, Guelph, ON N1E 3B1
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10 Ontario ST, Guelph, ON N1E 3B1
10 Ontario ST, Guelph, ON N1E 3B1
10 Ontario ST, Guelph, ON N1E 3B1
10 Ontario ST, Guelph, ON N1E 3B1
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Lisa Iturriaga

Lisa Iturriaga

+1(647) 274-0903
$ 850,000
Est. payment /mo
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10 Ontario ST Guelph, ON N1E 3B1

4 Beds

3 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision St. Patrick'S Ward

MLS Listing ID X13727156

Style 2-Storey

Bedrooms 4

Annual Tax Amount $6,231

Tax Year 2026

Property Sub-Type Duplex

Property Description

Welcome to 10 Ontario Street! This property holds immense current and future value! Let's start with its current value. This is a legal 2-unit, 7-bedroom duplex offering $6195 per month in rental income, or $74,340 annually. The main floor and basement are one unit with 5 bedrooms, and the second level is a separate, self-contained 2-bedroom unit completely detached from the lower unit and accessed via the rear deck and staircase. The lower and upper units rent for $3995 and $2200 per month, respectively. With owner's expenses last year at approximately $16,379 (gas $1802, hydro/water $4134, internet $959, insurance $2873, taxes $6611), leaving $57,961 after owner expenses, there is ample room left to cover mortgage expense and management costs. But that's not all! This property also has a city-approved, conditional severance in place and is at the stage where a new buyer could take over, fulfill the conditions of severance, and have two fully separated lots, allowing for a sale of the second lot to recapture some capital, or to retain the lot and build another multiplex. With stabilized revenue in place, this investment can carry itself while a new owner completes the lot severance and sale or plans their new build. Either way, this is an exceptional opportunity for the savvy investor. Get in touch with your realtor and book your private showing today!

Location

Province ON

County Wellington

Area Wellington

Rooms

Family Room No

Basement Full, Finished with Walk-Out

Kitchen 2

Separate Den/Office 3

Interior

Interior Features Accessory Apartment

Cooling None

Fireplace No

Heat Source Gas

Exterior

Parking Features Private Double

Garage Spaces 1.0

Pool None

Roof Type Shingles,Flat,Membrane

Lot Frontage 51.4

Lot Depth 100.1

Total Parking Spaces 3

Building

Building Age 100+

Foundation Stone, Concrete Block

Others

ParcelsYN No

Virtual Tour https://media.visualadvantage.ca/10-Ontario-St/idx

Listed by Bosley Real Estate Ltd.
Lisa Iturriaga

Lisa Iturriaga

Agent

+1(647) 274-0903

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10 Ontario ST