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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.

Listing brokerage: BLUE FOREST REALTY INC..

Listing courtesy of the London and St. Thomas. MLS® X14119516.

Measurements are deemed reliable but not guaranteed.

Listing data provided by the London and St. Thomas through the REALTOR.ca Data Distribution Facility (DDF®) of The Canadian Real Estate Association. Information is deemed reliable but not guaranteed.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA’s By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Allan Congo is a Sales Representative with Century 21 First Canadian Corp., Brokerage. Each office independently owned and operated.

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