RARE INVESTMENT OPPORTUNITY in heart of Guelph! Fully restored heritage estate offers 5 self-contained rental units on 1-acre lot making it a prime opportunity for investors seeking strong cash flow, potential to expand & option to live in luxury while earning income. W/ability to generate gross rents over $15,000/mth, vacant poss avail for setting market rents, W/strong potential to add 4-5 units at rear of property. 3D survey & prelim architectural plans have been completed & reviewed at City Hall W/positive feedback. Current application submitted for 5 units (in line W/CMHC priorities) though could be adapted to 4 if desired. This groundwork provides buyers W/confidence in immediate returns & future upside. Each unit blends historic character W/modern functionality. Unit 1: 3-bdrm, 2-bath perfect for owner seeking upscale living while living for free. GR W/crown moulding & bay window. Kitchen W/lots of cabinetry & centre island. Formal DR & sep FR for entertaining. Primary bdrm W/skylights & wall of closets. Garden doors open to deck. Renovated 3pc ensuite W/glass shower & floating vanity. 2 add'l bdrms & 4pc bath. Unit connects to fin bsmt W/its own entrance, office W/exposed stone walls, wine cellar, full kitchen & flex living space-ideal for 6th unit or expanded personal use. Unit 2: 2-bdrm & 2-bath, LR W/fireplace & crown moulding. DR with B/I display nook & kitchen W/sleek cabinetry, S/S appliances, access to washer/dryer & side ent. Both bathrooms have W/I glass showers. Units 3 & 4: 2-bdrm 1-bath has charm W/modern updates. Unit 3: floor-to-ceiling windows, brick accent wall & 2-toned kitchen W/in-suite laundry. Unit 4: open-concept layout & fireplace in primary bdrm. Both have 3pc bath with W/I glass showers. Unit 5: 1-bdrm 1-bath W/open-concept living & dining, kitchen with S/S appliances, bdrm & modern 3pc bath. Interlocking brick patios & stone paths lead to outdoor seating area & kitchen. Steps from downtown & walkable to shops, dining, transit &parks
Property Highlights
For Sale
MLS NO.
X12328667
Type
Residential Freehold
Sub Type
Multiplex
Bedrooms
10
Bathrooms
7
Parking
11.0
Complete Property Details
Property Type
Residential Freehold
Sub Type
Multiplex
Transaction Type
For Sale
Status
Expired
Contract Status
Unavailable
MLS® Number
X12328667
Living Area Range
5000 +
Total Bedrooms
10
Bedrooms Above Grade
10
Total Bathrooms
7
Total Kitchens
6
Kitchens Above Grade
6
Rooms Above Grade
0
Interior Features
Water Softener
Fireplace
Yes
Central Vacuum Yn
No
Construction
Brick, Stucco (Plaster)
Roof
Asphalt Shingle
Lot Width
38.3
Parking Features
Private
Parking Total
11.0
Covered Spaces
0.0
Garage Type
None
Garage
No
Pool
None
Direction Facing
East
Cooling
Wall Unit(s)
Heat Source
Other
Heat Type
Other
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
83 King Street, Guelph, ON N1E 4P5
City
Guelph
Neighbourhood
St. George's
County / Region
Wellington
Province / State
ON
Postal Code
N1E 4P5
Cross Street
Eramosa Rd
Directions
Eramosa Rd
Country
CA
List Price
$3,299,900
Annual Taxes
$15,570
Tax Year
2025
Legal Description
LOTS 20, 21 & 22, PLAN 127 ; PT LOT 19, 23, 24, 27, 28, 29, PLAN 127 , AS IN ROS589012 ; GUELPH
Possession Type
Flexible
Possession Details
Flexible
Listing Office
RE/MAX Real Estate Centre Inc
Board
One Point Association of REALTORS
Original Entry
2025-08-06T20:54:15Z
Media Updated
2025-08-19T21:12:36Z
Photos Updated
2025-08-19T21:12:36Z
Last Modified
2025-12-30T05:15:11Z
System Modified
2025-12-30T05:15:11.256812Z
MLS Status
Expired
Architectural Style
2-Storey
Basement
Finished, Walk-Out
Co List Office Name
Royal LePage Royal City Realty
Ddfyn
Yes
Expiration Date
2025-12-29
Foundation Details
Stone
Heat Source Multi
Other
Heat Type Multi
Other
Hstapplication
Included In
Occupant Type
Owner
Originating System Id
A00001796
Parcel Number
713220035
Parking Spaces
11
Property Features
Hospital, Library, Park, Public Transit, Rec./Commun.Centre, School
Public Remarks
RARE INVESTMENT OPPORTUNITY in heart of Guelph! Fully restored heritage estate offers 5 self-contained rental units on 1-acre lot making it a prime opportunity for investors seeking strong cash flow, potential to expand & option to live in luxury while earning income. W/ability to generate gross rents over $15,000/mth, vacant poss avail for setting market rents, W/strong potential to add 4-5 units at rear of property. 3D survey & prelim architectural plans have been completed & reviewed at City Hall W/positive feedback. Current application submitted for 5 units (in line W/CMHC priorities) though could be adapted to 4 if desired. This groundwork provides buyers W/confidence in immediate returns & future upside. Each unit blends historic character W/modern functionality. Unit 1: 3-bdrm, 2-bath perfect for owner seeking upscale living while living for free. GR W/crown moulding & bay window. Kitchen W/lots of cabinetry & centre island. Formal DR & sep FR for entertaining. Primary bdrm W/skylights & wall of closets. Garden doors open to deck. Renovated 3pc ensuite W/glass shower & floating vanity. 2 add'l bdrms & 4pc bath. Unit connects to fin bsmt W/its own entrance, office W/exposed stone walls, wine cellar, full kitchen & flex living space-ideal for 6th unit or expanded personal use. Unit 2: 2-bdrm & 2-bath, LR W/fireplace & crown moulding. DR with B/I display nook & kitchen W/sleek cabinetry, S/S appliances, access to washer/dryer & side ent. Both bathrooms have W/I glass showers. Units 3 & 4: 2-bdrm 1-bath has charm W/modern updates. Unit 3: floor-to-ceiling windows, brick accent wall & 2-toned kitchen W/in-suite laundry. Unit 4: open-concept layout & fireplace in primary bdrm. Both have 3pc bath with W/I glass showers. Unit 5: 1-bdrm 1-bath W/open-concept living & dining, kitchen with S/S appliances, bdrm & modern 3pc bath. Interlocking brick patios & stone paths lead to outdoor seating area & kitchen. Steps from downtown & walkable to shops, dining, transit &parks
