59 College AVE W #B new Save Request In-Person Tour Request Virtual Tour
Guelph,ON N1G 1S1
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
MLS Listing ID X11936961
Style 2 1/2 Storey
Bedrooms 4
Annual Tax Amount $5,674
Tax Year 2024
Property Description
**Prime Investment Opportunity: Tear-Down Home on Spacious Lot - Steps from the University of Guelph!** Are you an investor, builder, or homeowner with a vision? This is your chance to own a prime piece of real estate just two minutes' walk from the University of Guelph. Located in a highly sought-after neighborhood, this large lot presents the perfect canvas for developing a triplex-ideal for student rentals, multi-generational living, or maximizing rental income. Currently housing a tear-down home, this property offers exceptional potential for redevelopment. The lot is generously sized, providing ample space to create a modern triplex with desirable amenities, all while benefiting from the unmatched convenience of being so close to campus. Whether you plan to build for personal use or as an income-generating investment, the location alone guarantees demand, ensuring high rental yields in an area with a constant flow of students and professionals. The large lot allows for innovative architectural designs, so you can maximize space, efficiency, and style while adding significant value to the property. With zoning options and ample room for expansion, this is more than just a home-its an opportunity to create something that works for the growing need for housing near the university. Contact us today to learn more about this incredible investment in the heart of Guelph!
Location
Province ON
County Wellington
Community Old University
Area Wellington
Region Old University
City Region Old University
Rooms
Family Room No
Basement None
Kitchen 1
Interior
Interior Features ERV/HRV,On Demand Water Heater,Separate Hydro Meter
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 54.0
Lot Depth 138.0
Total Parking Spaces 2
Building
Unit Features School,Park
Foundation Concrete