Emslie Street, Guelph, Ontario
Offer Date: FIRST COME FIRST SERVE
Closing Date: February 4th, 2025
***The seller at their option may occupy the property after closing for a period until June 1, 2025 at no cost provided the vendor obtains a policy of tenant insurance in form and substance satisfactory to the purchaser. The vendor may exercise the option by written notice to the purchaser on closing date. If the vendor exercises such option then the purchaser shall hold back $110,000 due on the statement of adjustments and shall not be required to pay same to the vendors lawyer until the vender vacates the premises. The seller shall be responsible for all utility bills until vacancy. Each day the seller stays after June 1, 2025 the seller owes the buyer $1000 from the holdback amount.***
**Realtors bring us a client and add your commission on top of the purchase price**
About the Property
Looking for your next flip or rental in Guelph? This detached bungalow is a prime opportunity for investors! With 3 bedrooms, 1 bathroom, a detached 1 car garage, and a solid 1079 sqft footprint, this property has great potential. The property sits on a lot with a frontage of 52.75 ft and a depth of 115.41 ft. The basement is unfinished with a 5.5ft-6ft ceiling height and has a stone foundation. The property is dated throughout and is a smokers house. Luckily, the roof has been updated and the electrical is on breaker- saving the buyer a costly upgrade! This property is a great opportunity for an investor looking to finish the winter season with a fantastic flip or an investor looking for a great rental in Guelph.
About the Neighbourhood
This property is located in the city of Guelph, which is located west of Milton. Downtown Guelph is only a 4-minute drive away providing countless amenities. There are multiple universities and colleges within a 10-minute drive. The Guelph Central GO Station is a 4-minute drive away and there are multiple bus stops within a 5-minute walk providing commuters with easy transportation. HWY 401 is only 13 minutes away providing easy access west towards Cambridge and east towards Toronto.
Property Details
- Detached bungalow
- 3 bedrooms
- 1 full bathroom
- 1079 sqft above grade
- 592 sqft below grade
- Basement is unfinished
- 5.5ft – 6ft ceiling height as per seller
- Separate entrance
- Stone and rock foundation
- Fridge, stove, washer, dryer included in as-is condition
- Smokers house
- Electrical panel is breaker
- Furnace is rented
- Installed in 2018
- To be paid off by seller
- A/C is owned
- Not in working condition
- Exact age unknown
- Tankless water heater is rented
- Installed in 2018
- To be paid off by seller
- Roof replaced within last 5 years as per seller
- Windows are mostly original
- Two windows updated in last 10 years as per seller
- 1 car detached garage
- Built in 1880
- Lot size is 52.75ft x 115.41ft
- Property tax around $4064
- RL.1 Zoning
Recommended Renovations
- Cosmetic renovation
- Repair exterior stucco
- Potentially update windows
- Repair or replace A/C
- The seller has the option to leave junk behind so we would recommend budgeting for junk removal
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