10 ONTARIO STREET, Guelph, Ontario

$850,000

7 Beds
3 Baths

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! (id:23309)

Listing ID: X13727156
Property Type: Multi-family

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Details

Equipment: None
Parking Spaces: 3
Rental Equipment: None
Transaction: For sale
Zoning Description: RL.2

Building

Appliances: Dryer, Two stoves, Washer, Two Refrigerators
BasementType: Full (Finished)
Basement Development: Finished
Basement Features: Walk out
Bedrooms Main Level: 4
Bedrooms Lower Level: 3
Cooling: None
Exterior Finish: Brick
Fireplace Present: False
Foundation: Stone, Block
Bathrooms (Total): 3
Heating: Radiant heat
Heating Fuel: Natural gas
Size Interior: 1500 - 2000 sqft
Stories Total: 2
Type: Duplex
Utility Water: Municipal water

Land

Sewer: Sanitary sewer
Size Frontage: 51 ft ,4 in
Size Irregular: 51.4 x 100.1 FT

Listing provided by Bosley Real Estate Ltd.
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 10 ONTARIO STREET in Guelph Ontario. It was last modified on September 1st, 2026. Contact The AJ Collective to schedule a viewing or to discover other Guelph real estate for sale.

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