ON > Guelph > Central West
Guelph, ON N1H 5W7,48 Alma ST S
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Guelph, ON N1H 5W7,48 Alma ST S
Guelph, ON N1H 5W7,48 Alma ST S
Guelph, ON N1H 5W7,48 Alma ST S
Guelph, ON N1H 5W7,48 Alma ST S
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Marlene Boyle

Marlene Boyle

+1(905) 926-5554
$ 749,900
Est. payment /mo
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Active

48 Alma ST S Guelph, ON N1H 5W7

4 Beds

2 Baths

UPDATED:

01/21/2025 07:50 PM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1100-1500

Subdivision Central West

MLS Listing ID X11934149

Style 1 1/2 Storey

Bedrooms 4

Annual Tax Amount $4,447

Tax Year 2024

Property Description

Welcome to 48 Alma St S, a legal 2-unit property with the potential for a 3rd unit that offers an incredible investment opportunity in Guelph's sought-after Junction neighbourhood! Perfect for first-time buyers looking to break into the market, live in the beautifully renovated main floor unit while enjoying the benefit of having a significant portion of your mortgage covered. Alternatively, this property is an investor's dream, with the potential to convert into a 3-unit home that promises exceptional cash flow. The main floor unit has been completely renovated, featuring bright living and dining areas with laminate floors and oversized windows that fill the space with natural light. The modern eat-in kitchen boasts crisp white cabinetry, quartz countertops and lovely backsplash. 2 spacious bedrooms with hardwood floors and 4-piece bathroom with a tiled shower/tub complete the main floor. Sliding doors open to a private, tree-lined backyard, offering a peaceful outdoor retreat. The second unit, accessed by exterior stairs, is a self-contained space with its own kitchen, living room, 2 bedrooms and a full bathroom. There is a balcony providing private outdoor space! The unfinished basement is framed and pre-wired for a 2-bedroom apartment with a separate entrance and shared laundry. With minimal work, it could become a fully functional 3rd unit, dramatically boosting the property's rental income potential! Located steps from Fixed Gear Brewing Co. and a short walk to Howitt Park, the property is surrounded by local amenities. Its also just minutes from the Hanlon Parkway for easy access to Highway 401 and close to downtown Guelph, offering restaurants, boutique shops, nightlife and the GO Station. Whether you're looking to live in one unit and rent the others or create a fully income-generating triplex, this property is a rare chance to capitalize on a high-demand rental market!

Location

Province ON

County Wellington

Community Central West

Area Wellington

Rooms

Family Room No

Basement Separate Entrance, Partially Finished

Kitchen 2

Interior

Interior Features Accessory Apartment, In-Law Capability, Water Heater Owned

Cooling None

Fireplace No

Heat Source Gas

Exterior

Parking Features Private Double

Garage Spaces 3.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 50.0

Lot Depth 76.0

Total Parking Spaces 3

Building

Unit Features Library,Park,Place Of Worship,Public Transit,School,School Bus Route

Foundation Poured Concrete, Concrete Block

Listed by RE/MAX Real Estate Centre Inc

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48 Alma ST S