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137 DOVERCLIFFE Road, Guelph, Ontario, N1G3A5

MLS: 40818119 | Townhouse (Condo)

$649,900

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Property Description

Attention investors! A turnkey investment opportunity comes with this fully rented home to add to your portfolio. Currently rented for $4,000/month + utilities (paid by tenants) with a lease in place until May '27, offering immediate and reliable returns. This is a fantastic opportunity to own a fully tenanted, income-generating property with strong cash flow. Excellent tenants in place have chosen to stay for another year. This well-maintained 3+1 bedroom, 1+1 full-bathroom townhome features a functional and spacious layout ideal for tenants. The main floor boasts a large eat-in kitchen with ample cabinetry, a separate dedicated dining area, and a bright, expansive living room with walkout access to a fully fenced private yard—perfect for outdoor enjoyment. Convenient main-floor laundry. Upstairs, you'll find three generously sized bedrooms and a 4-piece bathroom, providing comfortable living space for families or shared accommodations. The fully finished basement includes a large fourth bedroom, a 3-piece bathroom, and a utility room, maximizing rental potential. The private backyard overlooks green space and mature trees, offering peaceful views. There is also exclusive access to a community pool that provides a welcome retreat during warm summer days! Updates include: roof shingles '19, furnace '24, central air conditioning '22, water heater owned '24, and all flooring throughout all 3 levels. Bonus: The home is being sold fully furnished, making it a truly turnkey investment with minimal effort required. Don't miss this high-performing, hassle-free addition to your portfolio! Conveniently located near bus stops and quick access to Hanlon, the University of Guelph, and all the great amenities at Stone Rd Mall and the area. (id:64974)

Directions: College Ave W

Quick Facts

Property Type: Townhouse (Condo)
Style: 2 Level
Bedrooms: 4 (3 above, 1 below)
Bathrooms: 2
Living Area: 1,590 sq ft (147.7 m²)
Above Grade: 1,300 sq ft (120.8 m²)
Below Grade: 290 sq ft (26.9 m²)
Year Built: 1977
Ownership: Condo/Strata
Attached: Yes
Parking: 2.0 spaces (Attached Garage)

Costs

Annual Taxes: $3,648.00
Condo/HOA Fee: $286.00 / monthly
Includes: Property Management, Water, Insurance, Parking

Listing Provided by: RE/MAX Real Estate Centre Inc., Brokerage
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.

Detailed Features

Interior & Systems

Heating: Forced air, Natural gas
Cooling: Central air conditioning
Basement: Finished, Full
Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Window Coverings

Exterior & Construction

Style: 2 Level
Exterior: Brick
Fencing: Fence
Sewer: Municipal sewage system
Water: Municipal water

Lot & Land

Features: Paved driveway
Pool: Inground pool
Zoning: R3-17

Community & Neighbourhood

Subdivision: 6 - Dovercliffe Park/Old University

Room Details (11 rooms)

Basement

Utility room	1.93 x 1.93 (3.7 m²)6'4" x 6'4" (40 ft²)
Bedroom	3.35 x 5.79 (19.4 m²)11'0" x 19'0" (209 ft²)
3pc Bathroom	1.93 x 2.44 (4.7 m²)6'4" x 8'0" (51 ft²)

Second level

3pc Bathroom	1.52 x 2.13 (3.3 m²)5'0" x 7'0" (35 ft²)
Bedroom	2.54 x 4.27 (10.8 m²)8'4" x 14'0" (117 ft²)
Bedroom	2.74 x 5.08 (13.9 m²)9'0" x 16'8" (150 ft²)
Primary Bedroom	3.35 x 5.54 (18.6 m²)11'0" x 18'2" (200 ft²)

Main level

Laundry room	0.91 x 1.83 (1.7 m²)3'0" x 6'0" (18 ft²)
Living room	3.66 x 5.28 (19.3 m²)12'0" x 17'4" (208 ft²)
Dining room	3.05 x 2.74 (8.4 m²)10'0" x 9'0" (90 ft²)
Kitchen	3.05 x 4.27 (13.0 m²)10'0" x 14'0" (140 ft²)