484 Speedvale Avenue E Guelph (Riverside Park), Ontario N1E 1P2
$850,000
Don't miss this fantastic opportunity to own a legal duplex that offers incredible versatility and generates strong positive cash flow. Net income is over $4800 per month, situating this property at over 6.5% cap rate, making it an ideal addition to any investment portfolio! The main level boasts a spacious layout with 3 bedrooms and 1 full bathroom perfect for families or tenants. It also features a brand new washer and dryer unit for added convenience. The fully finished, legal basement has been newly renovated and offers incredible potential, featuring 2 spacious bedrooms and a versatile den that can easily be converted into a third bedroom or a home office, along with a full bathroom. It includes a brand new water tank, brand new appliances fridge, stove, washer, dryer, dishwasher, and microwave making it ideal for extended family, renters, or generating extra income. With a carport and 10 total parking spaces, this property is a rare gem. Conveniently located near schools, public transit, shopping, and parks, it's perfect for investors, multi-generational families, or anyone seeking flexibility and space in a thriving neighbourhood. (id:49187)
Property Details
| MLS® Number | X12177438 |
| Property Type | Multi-family |
| Community Name | Riverside Park |
| Parking Space Total | 9 |
Building
| Bathroom Total | 2 |
| Bedrooms Total | 5 |
| Appliances | Dishwasher, Dryer, Water Heater, Microwave, Hood Fan, Stove, Washer, Refrigerator |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Size Interior | 1007 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 59 Ft |
| Size Frontage | 100 Ft |
| Size Irregular | 100 X 59 Ft |
| Size Total Text | 100 X 59 Ft |
| Zoning Description | R1b |
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May 28 2025 03:25:20
Toronto Real Estate Board
Royal LePage Real Estate Services Ltd.