Guelph - Downtown
Guelph - Downtown
Sold For$545,000
Listed For $565,000
Sold Nov 2019
LOCATION; LOCATION; LOCATION!! This one is perfectly positioned and provides several courses of action for the future!!
Less than 1 km. from the Farmers' Market and City Hall, this property has never had a vacancy during the current ownership, even when the landlord was given short notice.
If you're looking for a development opportunity with a great cash flow while you're getting your future plans fianlized, this one generates a cap rate (return on total capital employed including allowances for ongoing maintenance [5% of gross rent] and management [4% of gross rent]) of 5.33% and an annual positive cash flow return based on the total outlay (20% down payment, Ontario Land Transfer Tax and projected legal fees) of 7.11%. Where else can you find such a great investment? But the real
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* Values are estimates only and not a guarantee of lending or affordability.