Homes for sale - 48 ALMA Street S, Guelph, ON N1H5W7

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RE/MAX Generation

generationremax@gmail.com +1(250) 858-5465

$719,900

Est. payment - /mo

4 Beds

2 Baths

1,407 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 1,407 sqft

Price per Sqft $511

Subdivision 7 - Onward Willow

MLS® Listing ID 40704549

Bedrooms 4

Originating Board Cornerstone - Waterloo Region

Property Sub-Type Freehold

Property Description

Welcome to 48 Alma St S, a legal duplex, with an additional 2 bedroom basement apartment roughed into the unfinished basement, in Guelph's sought-after Junction neighbourhood! Perfect for first-time buyers looking to break into the market, live in the beautifully renovated main floor unit while enjoying the benefit of having a significant portion of your mortgage covered. Alternatively, this property is an investor's dream, with the potential to convert into a 3-unit home that promises exceptional cash flow. The main floor unit has been completely renovated, featuring bright living and dining areas with laminate floors and oversized windows that fill the space with natural light. The modern eat-in kitchen boasts crisp white cabinetry, quartz countertops and lovely backsplash. 2 spacious bedrooms with hardwood floors and 4-piece bathroom with a tiled shower/tub complete the main floor. Sliding doors open to a private, tree-lined backyard, offering a peaceful outdoor retreat. The second unit, accessed by exterior stairs, is a self-contained space with its own kitchen, living room, 2 bedrooms and a full bathroom. There is a balcony providing private outdoor space! The unfinished basement is framed and pre-wired for a 2-bedroom apartment with a separate entrance and shared laundry. With minimal work, it could become a fully functional 3rd unit, dramatically boosting the property's rental income potential! Located steps from Fixed Gear Brewing Co. and a short walk to Howitt Park, the property is surrounded by local amenities. Its also just minutes from the Hanlon Parkway for easy access to Highway 401 and close to downtown Guelph, offering restaurants, boutique shops, nightlife and the GO Station. Whether you're looking to live in one unit and rent the others or create a fully income-generating triplex, this property is a rare chance to capitalize on a high-demand rental market. Vacant possession is available on May 1st! (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Forced air,

Cooling None

Exterior

Parking Features No

Community Features Community Centre, School Bus

View Y/N No

Total Parking Spaces 3

Private Pool No

Building

Story 2

Sewer Municipal sewage system

Others

Ownership Freehold

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Listed by RE/MAX REAL ESTATE CENTRE INC., BROKERAGE

+1(250) 882-3335

alex@victoriahomes.com

48 ALMA Street S Guelph, ON N1H5W7