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. (id:53015)
| MLS® Number | X14119516 |
| Property Type | Multi-family |
| Community Name | Ridgetown |
| Bathroom Total | 17 |
| Appliances | Dryer, Washer |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 1 Acres |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Acreage | Yes |
| Size Depth | 355 Ft |
| Size Frontage | 119 Ft ,5 In |
| Size Irregular | 1.188 |
| Size Total | 1.188 Ac |
| Size Total Text | 1.188 Ac |
| Zoning Description | Rm2-481 |
https://www.realtor.ca/real-estate/30447152/77-erie-street-s-chatham-kent-ridgetown-ridgetown
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