his exceptional multifamily property, located at 150 Bagot Street in the city of Guelph, Ontario, represents a premier investment opportunity. The building consists of 46 spacious units, exclusively featuring two and three-bedroom layouts, which cater to families and professionals seeking comfortable and sizeable living spaces. With a strong Year 1 NOI of $464,008, this property demonstrates a solid income-generating potential from the outset.
Each unit is separately metered for hydro, a feature that not only promotes energy efficiency but also significantly reduces the overall operating costs for the property owner. The property also includes a range of well-maintained amenities, such as a large, clean lobby, ample parking, and a dedicated laundry room, all of which contribute to the desirability and functionality of the building.
This value-add property offers an impressive 87% average upside potential, making it an ideal choice for investors looking to achieve substantial returns. The opportunity to renovate and modernize unrenovated units further enhances the investment appeal, providing a clear path for value enhancement. Situated in a prime location within Guelph, the property benefits from strong rental demand, excellent accessibility, and a vibrant community atmosphere. With its combination of large units, significant upside potential, and strategic location, this multifamily property is well-positioned to deliver considerable value to its next owner