Welcome to 15-142 York Rd, Guelph, an exceptional opportunity to own an affordable, turn-key 4-bedroom student rental with the potential for a 5th bedroom in a prime location! This well-maintained townhouse is an ideal choice for investors or parents seeking a secure and convenient living arrangement for their University of Guelph students. The home features a functional and efficient layout. The main floor offers a cozy living area, a well-appointed kitchen with ample cabinet space and a dining area. Upstairs, the second and third floors each host 2 identical bedrooms and a 4-piece bathroom with a shower/tub combo. The second-floor bedrooms enjoy access to a private balcony. The unfinished basement presents an exciting opportunity with 2 large egress windows, allowing for the potential of a fifth bedroom. This additional space could significantly increase rental income, making it an even more attractive investment. The property is situated in a well-managed complex with plenty of visitor parking, ensuring convenience for tenants and guests. This location is highly sought after by students, with easy access to the University of Guelph, downtown, public transit and local amenities. Rental demand in the area is strong, with students typically paying $1,000 per room, this property offers a lucrative investment, generating $4,000+ per month in rental income or over $5,000 with a 5th bedroom. With its functional layout, excellent location and the opportunity for expansion, this property is a rare find. Whether you're an investor looking for a high-demand rental or a parent securing housing for a student while building equity, this is an opportunity not to be missed!
Address
15 - 142 York Road
List Price
$599,999
Property Type
Residential Condo & Other
Type of Dwelling
Condo Townhouse
Style of Home
3-Storey
Area
Guelph
Sub-Area
St. Patrick's Ward
County
Wellington
Bedrooms
4
Bathrooms
2
Floor Area
1000 - 1199 Sq. Ft.
Lot Size Source
MPAC
Approx. Age
16 - 30 Years
Maint. Fee
$352.31
MLS® Number
X12118040
Listing Brokerage
RE/MAX Real Estate Centre Inc
Basement Area
Full, Unfinished
Postal Code
N1E 3E9
Parking
Mutual
Parking Places (Total)
1
Tax Amount
$3,299.10
Tax Year
2024
Pets
Restricted
Interior Features
None
Property Features
Library, Park, Place Of Worship, Public Transit, Rec./Commun.Centre, School
Association Amenities
Visitor Parking
Association Fee Includes
Building Insurance Included, Common Elements Included, Parking Included
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
None
Balcony Type
Open
Construction Materials
Brick, Vinyl Siding
Exposure
East
Foundation Details
Poured Concrete
Garage Type
None
Kitchens Total
1
Laundry Features
In-Suite Laundry
Roof
Asphalt Shingle
Open Houses
- May 04, 2:30 PM - 4:00 PM