29 CRIMEA Street, Guelph, Ontario, N1H2Y5

Property Description

Beautifully renovated duplex set on rare dbl-deep lot W/detached 720sqft garage/shop offering exceptional flexibility, income potential & future upside! Solid red brick home has been updated & configured into 2 self-contained 1-bdrm units—W/potential to add a 3rd—making it an ideal opportunity for investors or homeowners looking to offset their mtg W/rental income. Completely renovated & generating $4,310/mth in rental income this property presents a strong turnkey opportunity for investors. Front porch leads into front unit where you’ll find an updated kitchen W/white cabinetry, backsplash & S/S appliances. This level is completed by a spacious bdrm. Upstairs an expansive loft-style living space offers incredible versatility, perfect for living room, office or creative studio—along with 4pc bath W/oversized vanity & shower/tub. The rear unit is a well-designed 1-bdrm suite on a single level W/renovated kitchen W/white cabinetry, backsplash & S/S appliances. Living space is warm & inviting W/lots of natural light while the bdrm offers generous proportions & storage. 4pc bath & in-suite laundry add everyday convenience. Adding even more value the property has sep entrance to partially finished bsmt where you’ll find a rec room/living area, bathroom & kitchen R/I presenting a strong opportunity for a potential 3rd 1-bdrm unit. Alternatively this space can be incorporated to expand the rear unit. Home has been renovated & updated throughout the yrs: roof 2023 & windows 2019. Set on rare dbl-deep lot W/rear laneway access, this property opens the door to future possibilities—whether it’s exploring a lot severance or adding an add'l dwelling unit (ADU) subject to city approvals. Detached 720sqft garage W/hydro is ideal for car enthusiasts, hobbyists or those needing serious workspace. Steps from Sunny Acres Park & short walk to Fixed Gear Brewing. Easy reach of downtown W/shops, restaurants, nightlife & GO Station. Property that works today &offers even more for tomorrow (id:64974)

Quick Facts

• Property Type: Duplex (Freehold)
• Bedrooms: 2
• Bathrooms: 3
• Living Area: 1,516 sq ft (140.8 m²)
• Above Grade: 1,516 sq ft (140.8 m²)
• Year Built: 1910
• Ownership: Freehold
• Attached: Yes
• Parking: 6.0 spaces (Detached Garage)
• Frontage: 47 ft (14.3 m)

Costs

• Annual Taxes: $7,547.62

Listing Provided by: RE/MAX REAL ESTATE CENTRE INC., BROKERAGE
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.