For saleMLS® X14119516
77 Erie Street South
Ridgetown, N0P2C0
$1,890,000
- Bathrooms
- 17
- Interior
- 1 ft²
- Lot
- 1.19 acres
- Type
- Multi-unit
About this home
Located near the University of Guelph, Ridgetown Campus, home to one of the province's leading Vet Tech programs, this property is a regularly fully occupied student rental generating over $200,000 in gross annual revenue. The property features two separate buildings with a total of 18 rental units, offering a unique combination of income, flexibility, and strong rental demand.
The main building features 10 bachelor units, each with its own 3-piece bathroom and kitchenette, along with one 1-bedroom unit and a spacious 2-bedroom unit. The second building offers 5 full bathrooms and 6 individual bedrooms. This property also offers ample parking, 6 washer/dryer stations, FOB entry, and a full-size common kitchen.
With strong student demand, excellent rental income, and a versatile layout, this is a fantastic opportunity for an investor looking for a turn-key, income-producing property.
Property details
- Property type
- Multiplex
- Ownership
- Freehold
- Property taxes
- $6,564
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Water
- Municipal water
- Lot
- 1.19 acres
- Time on market
- 6 days on market
Location
Thinking about the area? Read my guide to Ridgetown.
Estimate your payment
20% down. The minimum on this price is $378,000.
Your monthly payment
$8,369
- Mortgage amount
- $1,512,000
- Interest over the amortization
- $998,553
An estimate at a fixed rate compounded twice a year, with default insurance under 20% down. Your lender sets the real numbers, and I am happy to put you in touch with a mortgage professional.








