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$1,420,000
Status: For Sale
This fabulous property, located in a prime location along Edinburgh Road S. is being sold primarily for the land value. Further, there is the opportunity to also purchase the adjoining property at 302 Edinburgh Rd. S. making the total size of the combined property 231' (frontage) x 160' (depth)(after the City has appropriated a 10 foot road allowance). The property is currently tenanted by students and we expect their privacy and study-time to be respected by all visitors to the property.This is a great investment property as is, but if someone wants to construct additional living units, there's lots of space to accomplish that. Zoning permits the property to simply be severed into two (2) x 50' lots, but if the thought is to use the land for more intense development, discussion have already been initiated with city staff.
Property Type | :Residential |
MLS Number | :40582861 |
Listing Type | :Sale |
Property Age | :51-99 Years years |
Possession Date | : |
Last Updated | :28 Aug, 2024 (22 Days ago) |
Source | :Guelph & District |
Area | :Wellington |
Community | : Old University |
City | :Guelph |
Area Major | :City of Guelph |
Area Minor | :6 - Dovercliffe Park/Old University |
Postal Code | : N1G 2K4 |
Directions | :EDINBURGH RD, HEADING SOUTH TO JUST PAST YOUNG ST. PROPERTY ON THE LEFT WITH A CIRCULAR DRIVEWAY |
Price | : $1,420,000 |
Property Taxes | :$6047.07 |
Tax Year | :2023 |
Bedrooms | :4 + |
No. of Rooms | :12 |
Air Conditioning | :Central Air |
Heating | :Forced Air |
Place of Worship | :No |
Cross Street | :YOUNG ST |
Bathrooms | :2 |
Approx Square Footage | :2555 sqft |
Parking Space | :7 |
Basement | :Partial |
Garage | :1 |
03 May, 2024
TREB #40582861
Listed
$1420000