46
See all 46 photos
$850,000
Est. payment /mo
4 Beds
3 Baths
New
10 Ontario ST Guelph, ON N1E 3B1
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
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
State 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.
GET MORE INFORMATION