Ready for your next flip or BRRRR project in Guleph! 260 Water Street is located in a highly desirable neighbourhood with easy access to Royal City Park, is minutes to downtown,
3 minute drive to University of Guelph, and close by Hanlon expressway. With light cosmetic renovations, this property is perfect for investors of all experience levels and has multiple exit strategies. Don’t miss out on this amazing investment opportunity!
Take advantage of this amazing undervalued property in a highly desirable area in Guelph, only minutes to the waterfront, close by the University, and easy access to parks, restaurants, gyms and other residential amenities. Properties that sell in this area are high in demand and attract great tenants and are highly desirable to home buyers.
This property has many comparable sales including a townhouse complex on 295 Water Street (2 minute walk away) with townhouses selling for above 700k+ , ranging up to 730k. Detached houses regularly trade for well over 700k in this area. With high end finishes, it’s feasible for this property to fetch over 750k+ as ARV.
The property is in good overall condition, with solid bones and the interior is taken care of well; however, still requires some light cosmetic renovations. There is a large detached garage as well at basement ceiling height north of 7ft for additional potential for the right investor.
The suburban market in the Guelph is hot. Get your hands on a detached property with great flipping and long-term upside potential today!
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PROPERTY FEATURES:
- Brick detached house
- 2 bed + 1 bath
- Large lot size : 60ft x ~104ft
- Basement height estimated over 7ft
- Hot water tank owned approx. 4 years old
- Large detached –garage/workshop
- Forced air furnace in good working condition, owned & approx 10 years old
- Electrical copper
- Roof in good condition upon visual inspection. 1 year old