Recently we listed an investment property in Guelph that deserves your attention. The reason is because it features a legal 3 bedroom apartment!
Why is This Great News?
The city of Guelph does not currently allow more than 2 bedrooms in a basement apartment. There are also restrictions on the percentage of square feet that the apartment has in comparison to the main house. This property, 75 Cedar St in Guelph, is what we called grandfathered. The legal status was granted before the changes of the by-laws and building codes, so it will remain with the property unless there are significant changes.
We love this investment property because it can generate up to $3000 per month. The high quality finishes and modern decor appeal to the students and young people of the city. The bus stop is close by and the University of Guelph is walking distance.
The other reason we love this investment property is because it can be flexible for a buyer. It can be a family home, renting to a young couple in the basement, or it can be a full rental. The 3 bedrooms on each separate floor are relatively easy to rent out. In our experience 3 rooms are much easier to rent than 4 rooms.
if you want to learn more about this house click on the link below:
Ok, so I haven’t been blogging too much about our new listings but since I have been on the internet band wagon, I thought I should. So you will see a few posts about our guelph real estate listings. The first is the most recent: 45 Moss place.
45 Moss Place is a fantastic opportunity to own a well kept investment property or starter home. The current owner is not a renter and has put a lot of love into the upkeep and maintenance of this property. This home is ideal for a young couple looking to start out and not break the bank on a home. Townhouses are selling for more than this plus additional condo fees, making this detached home a bargain.
New flooring has been put in all through the home, starting with the ceramic entrance way. The hardwood laminate flows nicely into the living room area, and transitions back into a large tiled ceramic in the kitchen. Upstairs you will find new neutral coloured carpet.
The backyard is large and the green grass is very desirable for your family activities. Being completely fenced for your beloved pets and young children. The house is also located on the curve of the street which makes the yard a pie shape for more room.
In the basement you will find a finished rec room that is also suitable for a 4th bedroom. The rough in for the extra bath is conveniently located for a quick and painless new bath room installation. The laundry area is large and exceptionally clean.