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77 Erie Street S Ridgetown, Ontario N0P 2C0

2 Bedroom 10 Bathroom 3792
Central Air Conditioning Forced Air Landscaped

$1,200,000

The ultimate house hack! Located near the University of Guelph, Ridgetown Campus, which has one of the best Vet Tech programs in the province, this property features 2 buildings (one bungalow and a larger building featuring 8 bachelor apartments, one room and a 2 bedroom unit) and can garner the new owner almost completely new/market rents. Great numbers as an investment or could be a great house hack as the owner can live in the 2 bedroom bungalow and self property manage (additional rooms in the basement), while your tenants in the additional building pay the bills. Potential CAP rates exceed 6% at full rental potential. Currently used as a student rental, this property could also make a great long-term rental or new owners could explore options such as focusing on retirees. This property is turn key! Current tenant in the bungalow also property manages and would love to stay (she is great!) (id:34868)

Property Details

MLS® Number 40233867
Property Type Multi-family
Amenities Near By Park, Place Of Worship, Playground, Schools
Communication Type High Speed Internet
Community Features Quiet Area, School Bus
Equipment Type Furnace, Water Heater
Features Park/reserve, Sump Pump
Parking Space Total 20
Rental Equipment Type Furnace, Water Heater

Building

Bathroom Total 10
Bedrooms Total 2
Basement Development Unfinished
Basement Type Crawl Space (unfinished)
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Aluminum Siding, Brick
Foundation Type Brick
Heating Type Forced Air
Stories Total 2
Size Interior 3792
Utility Water Municipal Water

Land

Acreage No
Land Amenities Park, Place Of Worship, Playground, Schools
Landscape Features Landscaped
Sewer Municipal Sewage System
Size Frontage 120 Ft
Size Total Text 1/2 - 1.99 Acres
Zoning Description Rm2-481

Utilities

Electricity Available
Telephone Available

https://www.realtor.ca/real-estate/24327507/77-erie-street-s-ridgetown

Interested?

Contact us for more information


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Rick Pritchard
Broker

519-878-1381

Exp Realty
380 Wellington Street, Tower B, 6th Floor
London, ON N6A 5B

519-381-3499

Janelle Pritchard
Sales Representative

-

519-902-1757

Exp Realty
380 Wellington Street, Tower B, 6th Floor
London, ON N6A 5B

519-381-3499

Denise Mann
Sales Representative

-

519-691-5635
https://onesmartmove.ca

Exp Realty
380 Wellington Street, Tower B, 6th Floor
London, ON N6A 5B

519-381-3499

Phillip Hallman
Broker

-

519-709-8903
https://onesmartmove.ca/

Exp Realty
380 Wellington Street, Tower B, 6th Floor
London, ON N6A 5B

519-381-3499